Maxim Group Initiates Coverage of Merlin with Buy
Fintel reports that on September 18, 2026, Maxim Group initiated coverage of Merlin (NASDAQGM:MRLN) with a Buy recommendation.
On the day of the coverage initiation, September 18, 2026, the stock closed at $1.95. This followed a pre-action close of $2.06 on September 17, 2026. Over the preceding week, the stock experienced a price change of -34.56% from its baseline close of $2.98 on September 11, 2026. Looking back one month, the price change was -41.09% from its baseline close of $3.31 on August 18, 2026.
Separately from Maxim Group's individual rating, aggregate consensus target data as of September 15, 2026, shows a current consensus target mean of $9.44 and a median of $9.69. This mean target represents an implied change of +383.85% from the market price. The prior consensus target mean was also $9.44 as of August 28, 2026, reflecting a consensus target revision percent of 0.00%.
Merlin last reported earnings on August 13, 2026. For that period, the company reported an actual EPS of -1.4, compared to the estimated EPS of -0.2754. Actual revenue for the quarter was $2,194,000.00, which fell below the estimated revenue of $3,850,500.00.
In terms of broader analyst sentiment, the current recommendation period as of September 1, 2026, shows a total of 10 recommendations, consisting of 2 strong buy, 7 buy, 1 hold, 0 sell, and 0 strong sell ratings. This results in a positive recommendation percentage of 90.0% and a hold percentage of 10.0%. These figures are identical to the prior recommendation period as of August 1, 2026, which also recorded 2 strong buy, 7 buy, 1 hold, 0 sell, and 0 strong sell ratings, representing 90.0% positive and 10.0% hold recommendations.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 18, 2026 | Maxim Group | Buy | initiated coverage |
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This story originally appeared on Fintel.