Merck & Co., Inc. (MRK)

Merck & Co. Stock Forecast

Stock Price Forecast

The 15 analysts that cover Merck & Co. stock have a consensus rating of "Buy" and an average price target of $111.93, which forecasts a 6.34% increase in the stock price over the next year. The lowest target is $85 and the highest is $130.

Price Target: $111.93 (+6.34%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$85	$111.93	$115	$130
Change	-19.25%	+6.34%	+9.25%	+23.50%

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

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Evan David Seigerman BMO Capital	BMO Capital	Hold → Buy Upgrades $82 → $130	Hold → Buy	Upgrades	$82 → $130	+23.50%	Dec 18, 2025
Tim Anderson B of A Securities	B of A Securities	Strong Buy Maintains $105 → $120	Strong Buy	Maintains	$105 → $120	+14.00%	Dec 15, 2025
Terence Flynn Morgan Stanley	Morgan Stanley	Hold Maintains $100 → $102	Hold	Maintains	$100 → $102	-3.10%	Dec 12, 2025
Louise Chen Scotiabank	Scotiabank	Buy Maintains $105 → $120	Buy	Maintains	$105 → $120	+14.00%	Dec 4, 2025
Terence Flynn Goldman Sachs	Goldman Sachs	Strong Buy Maintains $92 → $120	Strong Buy	Maintains	$92 → $120	+14.00%	Dec 2, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

65.44B

Increased by 1.98%

from 64.17B

Revenue Next Year

68.67B

Increased by 4.94%

from 65.44B

EPS This Year

9.06

Increased by 34.45%

from 6.74

EPS Next Year

9.24

Increased by 1.94%

from 9.06

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	68.67B
Revenue Growth	6.13%	17.31%	21.72%	1.40%	6.74%	1.98%	4.94%
EPS	2.78	5.14	5.71	0.14	6.74	9.06	9.24
EPS Growth	-27.15%	84.62%	11.15%	-97.55%	4,714.29%	34.45%	1.94%
Forward PE	-	-	-	-	-	11.62	11.39
No. Analysts	-	-	-	-	-	29	30

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029	2030
High	68.4B	73.2B
Avg	65.4B	68.7B
Low	63.0B	64.6B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029	2030
High	6.6%	11.8%
Avg	2.0%	4.9%
Low	-1.8%	-1.3%

EPS Forecast

EPS	2025	2026	2027	2028	2029	2030
High	9.58	10.55
Avg	9.06	9.24
Low	8.72	5.23

EPS Growth

EPS Growth	2025	2026	2027	2028	2029	2030
High	42.1%	16.4%
Avg	34.5%	1.9%
Low	29.3%	-42.3%

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.