First Merchants Corporation (FRME)
NASDAQ: FRME · IEX Real-Time Price · USD
33.48
+0.68 (2.07%)
At close: Jul 2, 2024, 4:00 PM
33.47
-0.01 (-0.03%)
After-hours: Jul 2, 2024, 5:05 PM EDT
First Merchants Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for First Merchants stock have an average target of 38.83, with a low estimate of 34 and a high estimate of 42.5. The average target predicts an increase of 15.98% from the current stock price of 33.48.
Analyst Consensus: Buy
* Price targets were last updated on Apr 29, 2024.
Analyst Ratings
The average analyst rating for FRME stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $41 → $43 | Buy | Maintains | $41 → $43 | +26.94% | Apr 29, 2024 |
| Raymond James | Raymond James | Buy Maintains $33 → $40 | Buy | Maintains | $33 → $40 | +19.47% | Jan 29, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $38 → $36 | Buy | Maintains | $38 → $36 | +7.53% | Oct 30, 2023 |
| Raymond James | Raymond James | Buy Maintains $36 → $33 | Buy | Maintains | $36 → $33 | -1.43% | Oct 30, 2023 |
| Raymond James | Raymond James | Buy Maintains $38 → $36 | Buy | Maintains | $38 → $36 | +7.53% | Jul 27, 2023 |
Financial Forecast
Revenue This Year
660.36M
from 647.50M
Increased by 1.99%
Revenue Next Year
688.54M
from 660.36M
Increased by 4.27%
EPS This Year
3.37
from 3.73
Decreased by -9.73%
EPS Next Year
3.53
from 3.37
Increased by 4.93%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 687.6M | 719.8M |
| Avg | 660.4M | 688.5M |
| Low | 625.2M | 653.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 6.2% | 9.0% |
| Avg | 2.0% | 4.3% |
| Low | -3.4% | -1.0% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 3.64 | 3.83 |
| Avg | 3.37 | 3.53 |
| Low | 3.13 | 3.30 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -2.4% | 13.8% |
| Avg | -9.7% | 4.9% |
| Low | -16.2% | -1.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.