Northland Securities Begins Coverage on Merlin, Inc. Common Stock (NASDAQ:MRLN)

Northland Securities initiated coverage on shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) in a report issued on Tuesday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $10.00 price target on the stock. Northland Securities’ target price points to a potential upside of 199.40% from the stock’s current price.

A number of other research firms have also recently weighed in on MRLN. TD Cowen cut their price objective on shares of Merlin, Inc. Common Stock from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Cantor Fitzgerald assumed coverage on shares of Merlin, Inc. Common Stock in a research note on Thursday, July 9th. They set an “overweight” rating and a $11.00 price target for the company. Weiss Ratings raised shares of Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a research report on Tuesday, June 9th. Roth Capital assumed coverage on shares of Merlin, Inc. Common Stock in a research note on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Wall Street Zen lowered Merlin, Inc. Common Stock to a “strong sell” rating in a research report on Saturday, May 23rd. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Merlin, Inc. Common Stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

Merlin, Inc. Common Stock Trading Down 12.8%

NASDAQ MRLN opened at $3.34 on Tuesday. The firm’s 50 day moving average is $6.02. Merlin, Inc. Common Stock has a fifty-two week low of $3.33 and a fifty-two week high of $17.00. The company has a market cap of $322.38 million, a P/E ratio of -9.03 and a beta of 1.70.

About Merlin, Inc. Common Stock

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.