First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
42.67
-0.51 (-1.18%)
Jul 27, 2026, 4:00 PM EDT - Market closed
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 12.49% higher than the current stock price, while the lowest is $45 (+5.46%) and the highest is $51 (+19.52%).
Price Target: $48 (+12.49%)
Analyst Consensus: Buy
Price Target
ChartAnalyst 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 Maintains $51 | Buy | Maintains | $51 | +19.52% | Jul 27, 2026 |
| KBW | KBW | Buy Reiterates $50 | Buy | Reiterates | $50 | +17.18% | Jul 24, 2026 |
Unknown Analyst Raymond James No rating | Raymond James | Hold Maintains n/a | Hold | Maintains | n/a | n/a | Apr 28, 2026 |
Unknown Analyst Stephens No rating | Stephens | Hold Maintains $44 | Hold | Maintains | $44 | +3.12% | Jan 28, 2026 |
Financial Forecast
Revenue This Year
807.16M
from 687.67M
Increased by 17.38%
Revenue Next Year
848.94M
from 807.16M
Increased by 5.18%
EPS This Year
4.07
from 3.89
Increased by 4.50%
EPS Next Year
4.54
from 4.07
Increased by 11.64%
EPS and Forward PE are based on non-GAAP adjusted numbers.