First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
36.02
+0.38 (1.07%)
Nov 7, 2025, 4:00 PM EST - Market closed
First Merchants Analyst Ratings
Total Analysts
4
Consensus Rating
Buy
Price Target
$47.33
Upside
+31.40%
Ratings History
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $48 → $46 | Buy | Maintains | $48 → $46 | +27.71% | Oct 27, 2025 |
| Stephens & Co. | Stephens & Co. | Hold Reiterates $46 | Hold | Reiterates | $46 | +27.71% | Sep 29, 2025 |
| Raymond James | Raymond James | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Sep 26, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $49 → $50 | Buy | Maintains | $49 → $50 | +38.81% | Sep 26, 2025 |
| Piper Sandler | Piper Sandler | Buy Maintains $49 → $48 | Buy | Maintains | $49 → $48 | +33.26% | Jul 28, 2025 |
| Raymond James | Raymond James | Buy Maintains $46 → $43 | Buy | Maintains | $46 → $43 | +19.38% | Apr 28, 2025 |
| Piper Sandler | Piper Sandler | Buy Maintains $55 → $49 | Buy | Maintains | $55 → $49 | +36.04% | Apr 28, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $52 → $49 | Buy | Maintains | $52 → $49 | +36.04% | Apr 25, 2025 |
| Raymond James | Raymond James | Buy Maintains $50 → $46 | Buy | Maintains | $50 → $46 | +27.71% | Apr 2, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $50 → $52 | Buy | Maintains | $50 → $52 | +44.36% | Jan 31, 2025 |
| Raymond James | Raymond James | Buy Reiterates $42 → $50 | Buy | Reiterates | $42 → $50 | +38.81% | Jan 31, 2025 |
| Piper Sandler | Piper Sandler | Buy Reiterates $52 → $55 | Buy | Reiterates | $52 → $55 | +52.69% | Jan 31, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $43 → $50 | Buy | Maintains | $43 → $50 | +38.81% | Dec 4, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $50 → $47 | Buy | Maintains | $50 → $47 | +30.48% | Oct 28, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $45 | Buy | Maintains | $45 | +24.93% | Aug 28, 2024 |
| Stephens & Co. | Stephens & Co. | Buy → Hold Downgrades $45 → $38 | Buy → Hold | Downgrades | $45 → $38 | +5.50% | Aug 7, 2024 |
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Analyst Star Rankings
Our analyst star rankings are based on these four factors
- Success Rate
- The percentage of ratings that are profitable.
- Average Return
- The average percentage return within one year of the rating.
- Rating Count
- The more ratings the analyst has provided, the higher the score.
- Recency
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