Merchants Bancorp (MBIN)
NASDAQ: MBIN · IEX Real-Time Price · USD
39.04
-0.30 (-0.76%)
Apr 26, 2024, 4:00 PM EDT - Market closed
Merchants Bancorp Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Merchants Bancorp stock have an average target of 46.5, with a low estimate of 38 and a high estimate of 55. The average target predicts an increase of 19.11% from the current stock price of 39.04.
Analyst Consensus: Strong Buy
* Price targets were last updated on Jan 30, 2024.
Analyst Ratings
The average analyst rating for MBIN stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Strong Buy Maintains $44 → $55 | Strong Buy | Maintains | $44 → $55 | +40.88% | Jan 30, 2024 |
| Raymond James | Raymond James | Strong Buy Maintains $41 → $44 | Strong Buy | Maintains | $41 → $44 | +12.70% | Oct 30, 2023 |
| Piper Sandler | Piper Sandler | Buy Maintains $31 → $38 | Buy | Maintains | $31 → $38 | -2.66% | Jul 31, 2023 |
| Raymond James | Raymond James | Strong Buy Maintains $38 → $41 | Strong Buy | Maintains | $38 → $41 | +5.02% | Jul 31, 2023 |
| Piper Sandler | Piper Sandler | Buy Maintains $35 → $31 | Buy | Maintains | $35 → $31 | -20.59% | May 1, 2023 |
Financial Forecast
Revenue This Year
611.18M
from 522.51M
Increased by 16.97%
Revenue Next Year
637.45M
from 611.18M
Increased by 4.30%
EPS This Year
5.76
from 5.64
Increased by 2.14%
EPS Next Year
5.80
from 5.76
Increased by 0.74%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 662.6M | 727.7M |
| Avg | 611.2M | 637.5M |
| Low | 556.1M | 545.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 26.8% | 19.1% |
| Avg | 17.0% | 4.3% |
| Low | 6.4% | -10.7% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 6.35 | 6.91 |
| Avg | 5.76 | 5.80 |
| Low | 5.14 | 4.70 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 12.6% | 19.9% |
| Avg | 2.1% | 0.7% |
| Low | -8.8% | -18.3% |
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.