First Merchants Corporation (FRME)
NASDAQ: FRME · IEX Real-Time Price · USD
35.39
+0.01 (0.03%)
At close: Jul 12, 2024, 4:00 PM
36.00
+0.61 (1.72%)
After-hours: Jul 12, 2024, 4:05 PM EDT

First Merchants Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for First Merchants stock have an average target of 38.83, with a low estimate of 34 and a high estimate of 42.5. The average target predicts an increase of 9.72% from the current stock price of 35.39.

Analyst Consensus: Buy
Target Low Average Median High
Price $34 $38.83 $40 $42.5
Change -3.93% +9.72% +13.03% +20.09%
* Price targets were last updated on Apr 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 Feb '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 000000
Buy 333333
Hold 000000
Sell 000000
Strong Sell 000000
Total 333333

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Piper Sandler
Piper Sandler
Buy
Maintains
$41$43
Buy Maintains $41$43 +20.09% Apr 29, 2024
Raymond James
Raymond James
Buy
Maintains
$33$40
Buy Maintains $33$40 +13.03% Jan 29, 2024
Piper Sandler
Piper Sandler
Buy
Maintains
$38$36
Buy Maintains $38$36 +1.72% Oct 30, 2023
Raymond James
Raymond James
Buy
Maintains
$36$33
Buy Maintains $36$33 -6.75% Oct 30, 2023
Raymond James
Raymond James
Buy
Maintains
$38$36
Buy Maintains $38$36 +1.72% Jul 27, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
660.36M
from 647.50M
Increased by 1.99%
Revenue Next Year
688.54M
from 660.36M
Increased by 4.27%
EPS This Year
3.37
from 3.73
Decreased by -9.73%
EPS Next Year
3.53
from 3.37
Increased by 4.93%
Year 2019202020212022202320242025
Revenue
440.55M433.38M520.00M611.39M647.50M660.36M688.54M
Revenue Growth
7.95%-1.63%19.99%17.57%5.91%1.99%4.27%
EPS
3.192.743.813.813.733.373.53
EPS Growth
-0.93%-14.11%39.05%--2.10%-9.73%4.93%
Forward PE
-----10.5110.02
No. Analysts -----77
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 687.6M 719.8M
Avg 660.4M 688.5M
Low 625.2M 653.7M

Revenue Growth

Revenue Growth 20242025
High
6.2%
9.0%
Avg
2.0%
4.3%
Low
-3.4%
-1.0%

EPS Forecast

EPS 20242025
High 3.64 3.83
Avg 3.37 3.53
Low 3.13 3.30

EPS Growth

EPS Growth 20242025
High
-2.4%
13.8%
Avg
-9.7%
4.9%
Low
-16.2%
-1.9%
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.