First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
42.84
-0.59 (-1.36%)
At close: Jul 7, 2026, 4:00 PM EDT
43.26
+0.42 (0.98%)
After-hours: Jul 7, 2026, 6:37 PM EDT
First Merchants Stock Forecast
Stock Price Forecast
According to 6 analysts polled by S&P Global, First Merchants stock has a consensus rating of "Buy" and an average price target of $48. The average 1-year stock price forecast is 12.04% higher than the current stock price, while the lowest is $45 (+5.04%) and the highest is $51 (+19.05%).
Price Target: $48 (+12.04%)
Analyst Consensus: Buy
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 '26 | Feb '26 | Mar '26 | Apr '26 | Jun '26 | Jul '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 2 | 2 | 2 | 2 | 2 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Reiterates $49 → $51 | Buy | Reiterates | $49 → $51 | +19.05% | Jun 25, 2026 |
Unknown Analyst Raymond James No rating | Raymond James | Hold Maintains n/a | Hold | Maintains | n/a | n/a | Apr 28, 2026 |
| KBW | KBW | Buy Reiterates $50 | Buy | Reiterates | $50 | +16.71% | Apr 24, 2026 |
Unknown Analyst Stephens No rating | Stephens | Hold Maintains $44 | Hold | Maintains | $44 | +2.71% | Jan 28, 2026 |
Financial Forecast
Revenue This Year
809.95M
from 687.67M
Increased by 17.78%
Revenue Next Year
853.39M
from 809.95M
Increased by 5.36%
EPS This Year
4.26
from 3.89
Increased by 9.60%
EPS Next Year
4.61
from 4.26
Increased by 8.05%
EPS and Forward PE are based on non-GAAP adjusted numbers.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 812.9M | ||
| Avg | 809.9M | ||
| Low | 804.5M |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 18.2% | ||
| Avg | 17.8% | ||
| Low | 17.0% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 4.37 | ||
| Avg | 4.26 | ||
| Low | 4.17 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 12.3% | ||
| Avg | 9.6% | ||
| Low | 7.2% |