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 $40.67, which forecasts a -5.65% decrease in the stock price over the next year. The lowest target is $38 and the highest is $42.

Price Target: $40.67 (-5.65%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$38	$40.67	$42	$42
Change	-11.84%	-5.65%	-2.56%	-2.56%

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	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26	Feb '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
Manan Gosalia Morgan Stanley	Morgan Stanley	Hold Maintains $40 → $42	Hold	Maintains	$40 → $42	-2.56%	Jan 30, 2026
Nathan Rice Piper Sandler	Piper Sandler	Buy Maintains $41 → $42	Buy	Maintains	$41 → $42	-2.56%	Oct 30, 2025
Daniel Tamayo Raymond James	Raymond James	Buy Reiterates $40 → $38	Buy	Reiterates	$40 → $38	-11.84%	Oct 29, 2025
Manan Gosalia Morgan Stanley	Morgan Stanley	Hold Maintains $34 → $39	Hold	Maintains	$34 → $39	-9.52%	Sep 29, 2025
Nathan Rice Piper Sandler	Piper Sandler	Buy Maintains $42 → $41	Buy	Maintains	$42 → $41	-4.88%	Jul 30, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

729.12M

Increased by 29.35%

from 563.69M

Revenue Next Year

764.42M

Increased by 4.84%

from 729.12M

EPS This Year

5.05

Increased by 33.60%

from 3.78

EPS Next Year

5.55

Increased by 9.95%

from 5.05

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	430.32M	427.19M	522.51M	646.45M	563.69M	729.12M	764.42M
Revenue Growth	26.65%	-0.73%	22.31%	23.72%	-12.80%	29.35%	4.84%
EPS	4.76	4.47	5.64	6.30	3.78	5.05	5.55
EPS Growth	23.64%	-6.09%	26.17%	11.70%	-40.00%	33.60%	9.95%
Forward PE	-	-	-	-	-	8.54	7.76
No. Analysts	-	-	-	-	-	5	5

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

Revenue Forecast

Revenue	2026	2027
High	767.5M	812.7M
Avg	729.1M	764.4M
Low	674.7M	703.6M

Revenue Growth

Revenue Growth	2026	2027
High	36.2%	11.5%
Avg	29.3%	4.8%
Low	19.7%	-3.5%

EPS Forecast

EPS	2026	2027
High	5.33	5.96
Avg	5.05	5.55
Low	4.76	5.15

EPS Growth

EPS Growth	2026	2027
High	41.1%	18.1%
Avg	33.6%	10.0%
Low	25.8%	1.9%

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.