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

Analysts at Northland Securities initiated coverage on shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) in a research note issued on Tuesday,Benzinga reports. The brokerage set an “outperform” rating and a $10.00 price target on the stock. Northland Securities’ price target points to a potential upside of 179.33% from the company’s current price.

A number of other research analysts also recently weighed in on the stock. Weiss Ratings upgraded shares of Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a research report on Tuesday, June 9th. Zacks Research upgraded Merlin, Inc. Common Stock to a “hold” rating in a research note on Wednesday, April 15th. Wall Street Zen cut Merlin, Inc. Common Stock to a “strong sell” rating in a report on Saturday, May 23rd. Cantor Fitzgerald began coverage on Merlin, Inc. Common Stock in a research report on Thursday, July 9th. They set an “overweight” rating and a $11.00 price target on the stock. Finally, 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 objective on the stock. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.00.

Merlin, Inc. Common Stock Price Performance

Shares of NASDAQ MRLN opened at $3.58 on Tuesday. The stock has a market capitalization of $345.54 million, a P/E ratio of -9.68 and a beta of 1.70. The business’s fifty day moving average price is $6.18. Merlin, Inc. Common Stock has a 1 year low of $3.47 and a 1 year high of $17.00.

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.