Merchants Bancorp (MBIN)

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 $47.5, which forecasts a 42.22% increase in the stock price over the next year. The lowest target is $41 and the highest is $56.5.

Price Target: $47.5 (+42.22%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$41	$47.5	$45	$56.5
Change	+22.75%	+42.22%	+34.73%	+69.16%

* Price targets were last updated on Apr 29, 2025.

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	Jan '25	Feb '25	Mar '25	Apr '25	May '25	Jun '25
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
Daniel Tamayo Raymond James	Raymond James	Buy Reiterates $45 → $41	Buy	Reiterates	$45 → $41	+22.75%	Apr 29, 2025
Daniel Tamayo Raymond James	Raymond James	Buy Maintains $53 → $45	Buy	Maintains	$53 → $45	+34.73%	Apr 2, 2025
Manan Gosalia Morgan Stanley	Morgan Stanley	Hold Maintains $47 → $45	Hold	Maintains	$47 → $45	+34.73%	Mar 13, 2025
Daniel Tamayo Raymond James	Raymond James	Buy Reiterates $50 → $53	Buy	Reiterates	$50 → $53	+58.68%	Jan 30, 2025
Nathan Rice Piper Sandler	Piper Sandler	Buy Maintains $53 → $57	Buy	Maintains	$53 → $57	+69.16%	Jan 30, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

651.92M

Increased by 0.85%

from 646.45M

Revenue Next Year

719.27M

Increased by 10.33%

from 651.92M

EPS This Year

4.53

Decreased by -28.03%

from 6.30

EPS Next Year

5.44

Increased by 19.97%

from 4.53

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	339.78M	430.32M	427.19M	522.51M	646.45M	651.92M	719.27M	734.48M
Revenue Growth	105.37%	26.65%	-0.73%	22.31%	23.72%	0.85%	10.33%	2.11%
EPS	3.85	4.76	4.47	5.64	6.30	4.53	5.44	5.36
EPS Growth	143.67%	23.64%	-6.09%	26.17%	11.70%	-28.03%	19.97%	-1.55%
Forward PE	-	-	-	-	-	7.37	6.14	6.24
No. Analysts	-	-	-	-	-	5	5	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	679.4M	768.1M	756.1M
Avg	651.9M	719.3M	734.5M
Low	620.8M	655.6M	705.7M

Revenue Growth

Revenue Growth	2025	2026	2027
High	5.1%	17.8%	5.1%
Avg	0.8%	10.3%	2.1%
Low	-4.0%	0.6%	-1.9%

EPS Forecast

EPS	2025	2026	2027
High	4.94	5.83	5.51
Avg	4.53	5.44	5.36
Low	4.11	5.10	5.15

EPS Growth

EPS Growth	2025	2026	2027
High	-21.7%	28.5%	1.3%
Avg	-28.0%	20.0%	-1.6%
Low	-34.8%	12.4%	-5.4%

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.