Merlin, Inc. Common Stock (NASDAQ:MRLN) Coverage Initiated by Analysts at Northland Securities

Northland Securities initiated coverage on shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) in a report issued on Tuesday morning,Benzinga reports. The brokerage issued an outperform rating and a $10.00 price objective on the stock.

MRLN has been the topic of several other reports. Weiss Ratings upgraded Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday, June 9th. Wall Street Zen cut Merlin, Inc. Common Stock to a “strong sell” rating in a research note on Saturday, May 23rd. Roth Capital initiated coverage on Merlin, Inc. Common Stock in a report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price target for the company. Zacks Research raised Merlin, Inc. Common Stock to a “hold” rating in a report on Wednesday, April 15th. Finally, Cantor Fitzgerald initiated coverage on Merlin, Inc. Common Stock in a research note on Thursday, July 9th. They set an “overweight” rating and a $11.00 price target on the stock. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $11.00.

Merlin, Inc. Common Stock Stock Performance

Shares of MRLN opened at $3.83 on Tuesday. Merlin, Inc. Common Stock has a 12 month low of $3.47 and a 12 month high of $17.00. The firm’s fifty day simple moving average is $6.10. The stock has a market cap of $369.67 million, a price-to-earnings ratio of -10.35 and a beta of 1.70.

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.