First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
42.72
-0.14 (-0.33%)
Nov 20, 2024, 4:00 PM EST - 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 43.9, with a low estimate of 40 and a high estimate of 47. The average target predicts an increase of 2.76% from the current stock price of 42.72.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for FRME 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 3 | 5 | 5 | 5 | 5 | 5 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 5 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $50 → $47 | Buy | Maintains | $50 → $47 | +10.02% | Oct 28, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $45 | Buy | Maintains | $45 | +5.34% | Aug 28, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $43 → $45 | Buy | Reiterates | $43 → $45 | +5.34% | Jul 29, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $41 → $50 | Buy | Maintains | $41 → $50 | +17.04% | Jul 29, 2024 |
| Stephens & Co. | Stephens & Co. | Buy Maintains $40 → $45 | Buy | Maintains | $40 → $45 | +5.34% | Jul 26, 2024 |
Financial Forecast
Revenue This Year
674.79M
Revenue Next Year
690.02M
from 674.79M
Increased by 2.26%
EPS This Year
3.27
from 3.73
Decreased by -12.22%
EPS Next Year
3.61
from 3.27
Increased by 10.25%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 698.3M | 716.1M | 749.7M |
| Avg | 674.8M | 690.0M | 717.2M |
| Low | 639.6M | 654.0M | 674.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 6.1% | 8.6% |
| Avg | - | 2.3% | 3.9% |
| Low | - | -3.1% | -2.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.39 | 3.78 | 4.10 |
| Avg | 3.27 | 3.61 | 3.78 |
| Low | 3.12 | 3.33 | 3.39 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -9.1% | 15.6% | 13.4% |
| Avg | -12.2% | 10.2% | 4.6% |
| Low | -16.5% | 1.8% | -6.1% |
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.