First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
36.71
+0.53 (1.46%)
At close: Oct 13, 2025, 4:00 PM EDT
36.71
0.00 (0.00%)
After-hours: Oct 13, 2025, 4:00 PM EDT
First Merchants Stock Forecast
Stock Price Forecast
The 3 analysts that cover First Merchants stock have a consensus rating of "Buy" and an average price target of $48, which forecasts a 30.75% increase in the stock price over the next year. The lowest target is $46 and the highest is $50.
Price Target: $48 (+30.75%)
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for First Merchants stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 4 | 4 | 3 | 3 | 2 | 2 |
| Hold | 1 | 1 | 1 | 1 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stephens & Co. | Stephens & Co. | Hold Reiterates $46 | Hold | Reiterates | $46 | +25.31% | Sep 29, 2025 |
| Raymond James | Raymond James | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Sep 26, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $49 → $50 | Buy | Maintains | $49 → $50 | +36.20% | Sep 26, 2025 |
| Piper Sandler | Piper Sandler | Buy Maintains $49 → $48 | Buy | Maintains | $49 → $48 | +30.75% | Jul 28, 2025 |
| Raymond James | Raymond James | Buy Maintains $46 → $43 | Buy | Maintains | $46 → $43 | +17.13% | Apr 28, 2025 |
Financial Forecast
Revenue This Year
696.47M
from 610.99M
Increased by 13.99%
Revenue Next Year
795.37M
from 696.47M
Increased by 14.20%
EPS This Year
3.92
from 3.41
Increased by 15.03%
EPS Next Year
4.01
from 3.92
Increased by 2.33%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 720.3M | 849.5M | |
| Avg | 696.5M | 795.4M | |
| Low | 664.2M | 697.7M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 17.9% | 22.0% | |
| Avg | 14.0% | 14.2% | |
| Low | 8.7% | 0.2% |
EPS Forecast
| EPS | 2025 | 2026 |
|---|---|---|
| High | 4.15 | 4.25 |
| Avg | 3.92 | 4.01 |
| Low | 3.69 | 3.74 |
EPS Growth
| EPS Growth | 2025 | 2026 |
|---|---|---|
| High | 21.6% | 8.4% |
| Avg | 15.0% | 2.3% |
| Low | 8.3% | -4.6% |
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.