Merck & Co., Inc. (MRK)

Merck & Co. Stock Forecast

Stock Price Forecast

The 14 analysts that cover Merck & Co. stock have a consensus rating of "Buy" and an average price target of $114.86, which forecasts a 4.94% increase in the stock price over the next year. The lowest target is $85 and the highest is $135.

Price Target: $114.86 (+4.94%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$85	$114.86	$120	$135
Change	-22.34%	+4.94%	+9.64%	+23.34%

Analyst Ratings

The average analyst rating for Merck & Co. stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26
Strong Buy	5	5	5	5	5	4
Buy	2	2	1	2	4	4
Hold	8	9	9	7	6	6
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	15	16	15	14	15	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Steve Scala TD Cowen	TD Cowen	Hold Maintains $100 → $120	Hold	Maintains	$100 → $120	+9.64%	Jan 20, 2026
Alexandria Hammond Wolfe Research	Wolfe Research	Hold → Buy Upgrades $135	Hold → Buy	Upgrades	$135	+23.34%	Jan 8, 2026
Trung Huynh UBS	UBS	Strong Buy Maintains $105 → $130	Strong Buy	Maintains	$105 → $130	+18.78%	Jan 7, 2026
Geoff Meacham Citigroup	Citigroup	Hold Maintains $95 → $110	Hold	Maintains	$95 → $110	+0.50%	Jan 7, 2026
Evan David Seigerman BMO Capital	BMO Capital	Hold → Buy Upgrades $82 → $130	Hold → Buy	Upgrades	$82 → $130	+18.78%	Dec 18, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

65.44B

Increased by 1.97%

from 64.17B

Revenue Next Year

68.52B

Increased by 4.71%

from 65.44B

EPS This Year

9.05

Increased by 34.34%

from 6.74

EPS Next Year

5.72

Decreased by -36.85%

from 9.05

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	41.52B	48.70B	59.28B	60.12B	64.17B	65.44B	68.52B
Revenue Growth	6.13%	17.31%	21.72%	1.40%	6.74%	1.97%	4.71%
EPS	2.78	5.14	5.71	0.14	6.74	9.05	5.72
EPS Growth	-27.15%	84.62%	11.15%	-97.55%	4,714.29%	34.34%	-36.85%
Forward PE	-	-	-	-	-	12.09	19.14
No. Analysts	-	-	-	-	-	29	29

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029	2030
High	68.3B	72.7B
Avg	65.4B	68.5B
Low	63.0B	64.6B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029	2030
High	6.4%	11.0%
Avg	2.0%	4.7%
Low	-1.8%	-1.3%

EPS Forecast

EPS	2025	2026	2027	2028	2029	2030
High	9.52	7.02
Avg	9.05	5.72
Low	8.71	4.89

EPS Growth

EPS Growth	2025	2026	2027	2028	2029	2030
High	41.3%	-22.5%
Avg	34.3%	-36.8%
Low	29.3%	-46.0%

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.