Merchants Bancorp (MBIN)
NASDAQ: MBIN · Real-Time Price · USD
41.41
-0.52 (-1.24%)
At close: Mar 18, 2026, 4:00 PM EDT
40.25
-1.16 (-2.80%)
After-hours: Mar 18, 2026, 5:48 PM EDT
Merchants Bancorp Stock Forecast
Stock Price Forecast
The 3 analysts that cover Merchants Bancorp stock have a consensus rating of "Buy" and an average price target of $43.67, which forecasts a 5.46% increase in the stock price over the next year. The lowest target is $38 and the highest is $51.
Price Target: $43.67 (+5.46%)
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Merchants Bancorp stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $42 → $51 | Hold | Maintains | $42 → $51 | +23.16% | Mar 2, 2026 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $40 → $42 | Hold | Maintains | $40 → $42 | +1.42% | Jan 30, 2026 |
| Piper Sandler | Piper Sandler | Buy Maintains $41 → $42 | Buy | Maintains | $41 → $42 | +1.42% | Oct 30, 2025 |
| Raymond James | Raymond James | Buy Reiterates $40 → $38 | Buy | Reiterates | $40 → $38 | -8.23% | Oct 29, 2025 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $34 → $39 | Hold | Maintains | $34 → $39 | -5.82% | Sep 29, 2025 |
Financial Forecast
Revenue This Year
742.72M
from 563.69M
Increased by 31.76%
Revenue Next Year
770.40M
from 742.72M
Increased by 3.73%
EPS This Year
5.34
from 3.78
Increased by 41.30%
EPS Next Year
5.87
from 5.34
Increased by 9.89%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 781.0M | 801.7M | |
| Avg | 742.7M | 770.4M | |
| Low | 704.6M | 735.4M |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 38.5% | 7.9% | |
| Avg | 31.8% | 3.7% | |
| Low | 25.0% | -1.0% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 5.62 | 6.54 | |
| Avg | 5.34 | 5.87 | |
| Low | 4.95 | 5.25 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 48.6% | 22.5% | |
| Avg | 41.3% | 9.9% | |
| Low | 30.9% | -1.8% |
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.