First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
39.68
+1.38 (3.60%)
At close: Jul 1, 2025, 4:00 PM
39.76
+0.08 (0.20%)
After-hours: Jul 1, 2025, 4:00 PM EDT
First Merchants Stock Forecast
Stock Price Forecast
The 4 analysts that cover First Merchants stock have a consensus rating of "Buy" and an average price target of $44.75, which forecasts a 12.78% increase in the stock price over the next year. The lowest target is $38 and the highest is $49.
Price Target: $44.75 (+12.78%)
Analyst Consensus: Buy
* Price targets were last updated on Apr 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
| Rating | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 | Jun '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 4 | 4 | 4 | 4 | 4 | 3 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Maintains $46 → $43 | Buy | Maintains | $46 → $43 | +8.37% | Apr 28, 2025 |
| Piper Sandler | Piper Sandler | Buy Maintains $55 → $49 | Buy | Maintains | $55 → $49 | +23.49% | Apr 28, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $52 → $49 | Buy | Maintains | $52 → $49 | +23.49% | Apr 25, 2025 |
| Raymond James | Raymond James | Buy Maintains $50 → $46 | Buy | Maintains | $50 → $46 | +15.93% | Apr 2, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $50 → $52 | Buy | Maintains | $50 → $52 | +31.05% | Jan 31, 2025 |
Financial Forecast
Revenue This Year
703.51M
from 610.99M
Increased by 15.14%
Revenue Next Year
738.91M
from 703.51M
Increased by 5.03%
EPS This Year
3.88
from 3.41
Increased by 13.72%
EPS Next Year
4.10
from 3.88
Increased by 5.62%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 |
|---|---|---|
| High | 727.3M | 773.0M |
| Avg | 703.5M | 738.9M |
| Low | 672.3M | 702.7M |
Revenue Growth
| Revenue Growth | 2025 | 2026 |
|---|---|---|
| High | 19.0% | 9.9% |
| Avg | 15.1% | 5.0% |
| Low | 10.0% | -0.1% |
EPS Forecast
| EPS | 2025 | 2026 |
|---|---|---|
| High | 4.18 | 4.46 |
| Avg | 3.88 | 4.10 |
| Low | 3.60 | 3.68 |
EPS Growth
| EPS Growth | 2025 | 2026 |
|---|---|---|
| High | 22.6% | 15.1% |
| Avg | 13.7% | 5.6% |
| Low | 5.5% | -5.2% |
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.