First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
35.65
+0.09 (0.25%)
Apr 28, 2025, 4:00 PM EDT - Market closed

First Merchants Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for First Merchants stock have an average target of 44.9, with a low estimate of 38 and a high estimate of 49. The average target predicts an increase of 25.95% from the current stock price of 35.65.

Analyst Consensus: Buy
Target Low Average Median High
Price $38 $44.9 $46 $49
Change +6.59% +25.95% +29.03% +37.45%

Analyst Ratings

The average analyst rating for First Merchants stock from 5 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 Nov '24Dec '24Jan '25Feb '25Mar '25Apr '25
Strong Buy 000000
Buy 444444
Hold 111111
Sell 000000
Strong Sell 000000
Total 555555

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Piper Sandler
Piper Sandler
Buy
Maintains
$55$49
Buy Maintains $55$49 +37.45% Apr 28, 2025
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
Buy
Maintains
$52$49
Buy Maintains $52$49 +37.45% Apr 25, 2025
Raymond James
Raymond James
Buy
Maintains
$50$46
Buy Maintains $50$46 +29.03% Apr 2, 2025
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
Buy
Maintains
$50$52
Buy Maintains $50$52 +45.86% Jan 31, 2025
Raymond James
Raymond James
Buy
Reiterates
$42$50
Buy Reiterates $42$50 +40.25% Jan 31, 2025
More Analyst Ratings

Financial Forecast

Revenue This Year
715.98M
from 610.99M
Increased by 17.18%
Revenue Next Year
743.87M
from 715.98M
Increased by 3.90%
EPS This Year
3.95
from 3.41
Increased by 15.96%
EPS Next Year
4.18
from 3.95
Increased by 5.59%
Fiscal Year FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
433.38M520.00M611.39M647.50M610.99M715.98M743.87M
Revenue Growth
-1.63%19.99%17.57%5.91%-5.64%17.18%3.90%
EPS
2.743.813.813.733.413.954.18
EPS Growth
-14.11%39.05%--2.10%-8.58%15.96%5.59%
Forward PE
-----9.028.54
No. Analysts
-----88
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20252026
High 742.4M 777.0M
Avg 716.0M 743.9M
Low 682.1M 706.0M

Revenue Growth

Revenue Growth 20252026
High
21.5%
8.5%
Avg
17.2%
3.9%
Low
11.6%
-1.4%

EPS Forecast

EPS 20252026
High 4.15 4.57
Avg 3.95 4.18
Low 3.75 3.88

EPS Growth

EPS Growth 20252026
High
21.6%
15.5%
Avg
16.0%
5.6%
Low
10.1%
-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.