First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
40.89
+0.53 (1.31%)
Dec 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 44.9, with a low estimate of 40 and a high estimate of 50. The average target predicts an increase of 9.81% from the current stock price of 40.89.
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 5 | 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 | 5 | 5 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $43 → $50 | Buy | Maintains | $43 → $50 | +22.28% | Dec 4, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $50 → $47 | Buy | Maintains | $50 → $47 | +14.94% | Oct 28, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $45 | Buy | Maintains | $45 | +10.05% | Aug 28, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $43 → $45 | Buy | Reiterates | $43 → $45 | +10.05% | Jul 29, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $41 → $50 | Buy | Maintains | $41 → $50 | +22.28% | Jul 29, 2024 |
Financial Forecast
Revenue This Year
674.75M
Revenue Next Year
691.24M
from 674.75M
Increased by 2.44%
EPS This Year
3.27
from 3.73
Decreased by -12.22%
EPS Next Year
3.63
from 3.27
Increased by 10.77%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 698.3M | 716.1M | 750.5M |
| Avg | 674.8M | 691.2M | 718.7M |
| Low | 639.4M | 659.8M | 674.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 6.1% | 8.6% |
| Avg | - | 2.4% | 4.0% |
| Low | - | -2.2% | -2.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.39 | 3.78 | 4.20 |
| Avg | 3.27 | 3.63 | 3.80 |
| Low | 3.12 | 3.43 | 3.39 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -9.1% | 15.6% | 15.8% |
| Avg | -12.2% | 10.8% | 4.7% |
| Low | -16.5% | 4.8% | -6.5% |
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.