First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
36.00
-1.36 (-3.64%)
Oct 24, 2024, 4:00 PM EDT - 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 44.5, with a low estimate of 40 and a high estimate of 50. The average target predicts an increase of 23.61% from the current stock price of 36.00.
Analyst Consensus: Buy
* Price targets were last updated on Aug 28, 2024.
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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 3 | 3 | 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 | 3 | 3 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $45 | Buy | Maintains | $45 | +25.00% | Aug 28, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $43 → $45 | Buy | Reiterates | $43 → $45 | +25.00% | Jul 29, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $41 → $50 | Buy | Maintains | $41 → $50 | +38.89% | Jul 29, 2024 |
| Stephens & Co. | Stephens & Co. | Buy Maintains $40 → $45 | Buy | Maintains | $40 → $45 | +25.00% | Jul 26, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $41 → $43 | Buy | Maintains | $41 → $43 | +18.06% | Apr 29, 2024 |
Financial Forecast
Revenue This Year
671.23M
Revenue Next Year
691.48M
from 671.23M
Increased by 3.02%
EPS This Year
3.36
from 3.73
Decreased by -9.87%
EPS Next Year
3.65
from 3.36
Increased by 8.67%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 692.7M | 721.4M |
| Avg | 671.2M | 691.5M |
| Low | 639.7M | 657.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | - | 7.5% |
| Avg | - | 3.0% |
| Low | - | -2.0% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 3.53 | 3.79 |
| Avg | 3.36 | 3.65 |
| Low | 3.14 | 3.43 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -5.4% | 12.7% |
| Avg | -9.9% | 8.7% |
| Low | -15.9% | 2.0% |
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.