First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
39.40
-0.20 (-0.51%)
Oct 19, 2026, 10:51 AM EDT - Market open
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 $46.5. The average 1-year stock price forecast is 18.02% higher than the current stock price, while the lowest is $45 (+14.21%) and the highest is $48 (+21.83%).
Price Target: $46.5 (+18.02%)
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 | Apr '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 2 | 2 | 2 | 2 | 2 | 3 |
| Hold | 2 | 2 | 2 | 2 | 2 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Upgrades $46 | Buy | Upgrades | $46 | +16.75% | Oct 6, 2026 |
| Piper Sandler | Piper Sandler | Buy Maintains $51 → $46 | Buy | Maintains | $51 → $46 | +16.75% | Oct 5, 2026 |
| KBW | KBW | Buy Reiterates $50 | Buy | Reiterates | $50 | +26.90% | Jul 24, 2026 |
Financial Forecast
Revenue This Year
805.12M
from 687.67M
Increased by 17.08%
Revenue Next Year
845.59M
from 805.12M
Increased by 5.03%
EPS This Year
3.86
from 3.89
Decreased by -0.86%
EPS Next Year
4.47
from 3.86
Increased by 15.90%
EPS and Forward PE are based on non-GAAP adjusted numbers.