First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
39.10
-0.67 (-1.68%)
At close: May 15, 2026, 4:00 PM EDT
38.90
-0.20 (-0.51%)
After-hours: May 15, 2026, 4:53 PM EDT
First Merchants Analyst Ratings
Total Analysts
4
Consensus Rating
Buy
Price Target
$48.33
Upside
+23.61%
Ratings History
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $46 → $49 | Buy | Maintains | $46 → $49 | +25.32% | Feb 4, 2026 |
| Piper Sandler | Piper Sandler | Buy Maintains $48 → $46 | Buy | Maintains | $48 → $46 | +17.65% | Oct 27, 2025 |
| Stephens & Co. | Stephens & Co. | Hold Reiterates $46 | Hold | Reiterates | $46 | +17.65% | 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 | +27.88% | Sep 26, 2025 |
| Piper Sandler | Piper Sandler | Buy Maintains $49 → $48 | Buy | Maintains | $49 → $48 | +22.76% | Jul 28, 2025 |
| Raymond James | Raymond James | Buy Maintains $46 → $43 | Buy | Maintains | $46 → $43 | +9.97% | Apr 28, 2025 |
| Piper Sandler | Piper Sandler | Buy Maintains $55 → $49 | Buy | Maintains | $55 → $49 | +25.32% | Apr 28, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $52 → $49 | Buy | Maintains | $52 → $49 | +25.32% | Apr 25, 2025 |
| Raymond James | Raymond James | Buy Maintains $50 → $46 | Buy | Maintains | $50 → $46 | +17.65% | Apr 2, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $50 → $52 | Buy | Maintains | $50 → $52 | +32.99% | Jan 31, 2025 |
| Raymond James | Raymond James | Buy Reiterates $42 → $50 | Buy | Reiterates | $42 → $50 | +27.88% | Jan 31, 2025 |
| Piper Sandler | Piper Sandler | Buy Reiterates $52 → $55 | Buy | Reiterates | $52 → $55 | +40.66% | Jan 31, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $43 → $50 | Buy | Maintains | $43 → $50 | +27.88% | Dec 4, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $50 → $47 | Buy | Maintains | $50 → $47 | +20.20% | Oct 28, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $45 | Buy | Maintains | $45 | +15.09% | Aug 28, 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
- Ratings provided within the past year contribute to a higher score.