Maxim Group Begins Coverage on Merlin, Inc. Common Stock (NASDAQ:MRLN)

Equities research analysts at Maxim Group initiated coverage on shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) in a report released on Friday, Briefing.com reports. The brokerage set a “buy” rating and a $7.00 price target on the stock. Maxim Group’s price target suggests a potential upside of 239.81% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Weiss Ratings raised shares of Merlin, Inc. Common Stock from a “sell (e)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. Northland Securities began coverage on Merlin, Inc. Common Stock in a research note on Tuesday, July 21st. They set an “outperform” rating and a $10.00 target price on the stock. TD Cowen reduced their price target on Merlin, Inc. Common Stock from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Wall Street Zen lowered Merlin, Inc. Common Stock to a “strong sell” rating in a research note on Saturday, May 23rd. Finally, Cantor Fitzgerald dropped their price objective on Merlin, Inc. Common Stock from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.80.

Merlin, Inc. Common Stock Price Performance

MRLN stock opened at $2.06 on Friday. Merlin, Inc. Common Stock has a twelve month low of $2.02 and a twelve month high of $17.00. The company has a market capitalization of $208.20 million, a PE ratio of -1.39 and a beta of 1.78. The company’s fifty day moving average price is $3.55.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last released its earnings results on Thursday, August 13th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($1.12). The firm had revenue of $2.19 million for the quarter. Equities research analysts forecast that Merlin, Inc. Common Stock will post -2.17 earnings per share for the current fiscal year.

Merlin, Inc. Common Stock Company Profile

Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.