First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
39.65
-0.38 (-0.95%)
At close: Sep 15, 2025, 4:00 PM EDT
39.65
0.00 (0.00%)
After-hours: Sep 15, 2025, 4:32 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 $46.67, which forecasts a 17.70% increase in the stock price over the next year. The lowest target is $43 and the highest is $49.

Price Target: $46.67 (+17.70%)
Analyst Consensus: Buy
TargetLowAverageMedianHigh
Price$43$46.67$48$49
Change+8.45%+17.70%+21.06%+23.58%
* Price targets were last updated on Jul 28, 2025.

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

RatingApr '25May '25Jun '25Jul '25Aug '25Sep '25
Strong Buy000000
Buy444333
Hold111110
Sell000000
Strong Sell000000
Total555443

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Piper Sandler
Piper Sandler
Buy
Maintains
$49$48
BuyMaintains$49$48+21.06%Jul 28, 2025
Raymond James
Raymond James
Buy
Maintains
$46$43
BuyMaintains$46$43+8.45%Apr 28, 2025
Piper Sandler
Piper Sandler
Buy
Maintains
$55$49
BuyMaintains$55$49+23.58%Apr 28, 2025
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
Buy
Maintains
$52$49
BuyMaintains$52$49+23.58%Apr 25, 2025
Raymond James
Raymond James
Buy
Maintains
$50$46
BuyMaintains$50$46+16.02%Apr 2, 2025
More Analyst Ratings

Financial Forecast

Revenue This Year
699.90M
from 610.99M
Increased by 14.55%
Revenue Next Year
729.26M
from 699.90M
Increased by 4.19%
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
433.38M520.00M611.39M647.50M610.99M699.90M729.26M
Revenue Growth
-1.63%19.99%17.57%5.91%-5.64%14.55%4.19%
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
-----10.119.88
No. Analysts
-----88
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue20252026
High727.3M762.7M
Avg699.9M729.3M
Low665.4M694.4M

Revenue Growth

Revenue Growth20252026
High
19.0%
9.0%
Avg
14.6%
4.2%
Low
8.9%
-0.8%

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.