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
TargetLowAverageMedianHigh
Price$46$48$48$50
Change+25.31%+30.75%+30.75%+36.20%

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

RatingMay '25Jun '25Jul '25Aug '25Sep '25Oct '25
Strong Buy000000
Buy443322
Hold111122
Sell000000
Strong Sell000000
Total554444

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Stephens & Co.
Stephens & Co.
Hold
Reiterates
$46
HoldReiterates$46+25.31%Sep 29, 2025
Raymond James
Raymond James
Hold
Downgrades
n/a
HoldDowngradesn/an/aSep 26, 2025
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
Buy
Maintains
$49$50
BuyMaintains$49$50+36.20%Sep 26, 2025
Piper Sandler
Piper Sandler
Buy
Maintains
$49$48
BuyMaintains$49$48+30.75%Jul 28, 2025
Raymond James
Raymond James
Buy
Maintains
$46$43
BuyMaintains$46$43+17.13%Apr 28, 2025
More Analyst Ratings

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%
Fiscal YearFY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
433.38M520.00M611.39M647.50M610.99M696.47M795.37M
Revenue Growth
-1.63%19.99%17.57%5.91%-5.64%13.99%14.20%
EPS
2.743.813.813.733.413.924.01
EPS Growth
-14.11%39.05%--2.10%-8.58%15.03%2.33%
Forward PE
-----9.369.15
No. Analysts
-----88
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue202520262027
High720.3M849.5M
Avg696.5M795.4M
Low664.2M697.7M

Revenue Growth

Revenue Growth202520262027
High
17.9%
22.0%
Avg
14.0%
14.2%
Low
8.7%
0.2%

EPS Forecast

EPS20252026
High4.154.25
Avg3.924.01
Low3.693.74

EPS Growth

EPS Growth20252026
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.