First Merchants Corporation (FRME)
NASDAQ: FRME · IEX Real-Time Price · USD
35.05
+0.33 (0.95%)
Apr 24, 2024, 4:00 PM EDT - Market closed
First Merchants Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for First Merchants stock have an average target of 36.67, with a low estimate of 34 and a high estimate of 40. The average target predicts an increase of 4.62% from the current stock price of 35.05.
Analyst Consensus: Buy
* Price targets were last updated on Jan 29, 2024.
Analyst Ratings
The average analyst rating for FRME stock from 3 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Maintains $33 → $40 | Buy | Maintains | $33 → $40 | +14.12% | Jan 29, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $38 → $36 | Buy | Maintains | $38 → $36 | +2.71% | Oct 30, 2023 |
| Raymond James | Raymond James | Buy Maintains $36 → $33 | Buy | Maintains | $36 → $33 | -5.85% | Oct 30, 2023 |
| Raymond James | Raymond James | Buy Maintains $38 → $36 | Buy | Maintains | $38 → $36 | +2.71% | Jul 27, 2023 |
| Stephens & Co. | Stephens & Co. | Buy Reiterates $34 | Buy | Reiterates | $34 | -3.00% | Jul 26, 2023 |
Financial Forecast
Revenue This Year
681.81M
from 647.50M
Increased by 5.30%
Revenue Next Year
706.06M
from 681.81M
Increased by 3.56%
EPS This Year
3.44
from 3.73
Decreased by -7.86%
EPS Next Year
3.57
from 3.44
Increased by 3.83%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 709.8M | 741.1M |
| Avg | 681.8M | 706.1M |
| Low | 648.2M | 669.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 9.6% | 8.7% |
| Avg | 5.3% | 3.6% |
| Low | 0.1% | -1.8% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 3.63 | 3.89 |
| Avg | 3.44 | 3.57 |
| Low | 3.22 | 3.23 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -2.7% | 13.0% |
| Avg | -7.9% | 3.8% |
| Low | -13.6% | -5.9% |
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.