Merck & Co., Inc. (MRK)

Merck & Co. Stock Forecast

Stock Price Forecast

The 13 analysts that cover Merck & Co. stock have a consensus rating of "Buy" and an average price target of $103.54, which forecasts a 19.84% increase in the stock price over the next year. The lowest target is $84 and the highest is $122.

Price Target: $103.54 (+19.84%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$84	$103.54	$105	$122
Change	-2.78%	+19.84%	+21.53%	+41.20%

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	May '25	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25
Strong Buy	5	5	5	5	4	4
Buy	2	2	2	2	2	1
Hold	8	8	8	8	9	9
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	15	15	15	15	15	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Luisa Hector Berenberg	Berenberg	Strong Buy → Hold Downgrades $100 → $90	Strong Buy → Hold	Downgrades	$100 → $90	+4.17%	Sep 17, 2025
Mohit Bansal Wells Fargo	Wells Fargo	Hold Maintains $97 → $90	Hold	Maintains	$97 → $90	+4.17%	Jul 30, 2025
Terence Flynn Morgan Stanley	Morgan Stanley	Hold Maintains $99 → $98	Hold	Maintains	$99 → $98	+13.43%	Jul 10, 2025
Andrew Baum Citigroup	Citigroup	Strong Buy → Hold Downgrades $115 → $84	Strong Buy → Hold	Downgrades	$115 → $84	-2.78%	May 14, 2025
Carter Gould Cantor Fitzgerald	Cantor Fitzgerald	Hold Initiates $85	Hold	Initiates	$85	-1.62%	Apr 22, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

65.35B

Increased by 1.84%

from 64.17B

Revenue Next Year

68.77B

Increased by 5.24%

from 65.35B

EPS This Year

9.01

Increased by 33.67%

from 6.74

EPS Next Year

9.73

Increased by 8.03%

from 9.01

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	65.35B	68.77B
Revenue Growth	6.13%	17.31%	21.72%	1.40%	6.74%	1.84%	5.24%
EPS	2.78	5.14	5.71	0.14	6.74	9.01	9.73
EPS Growth	-27.15%	84.62%	11.15%	-97.55%	4,714.29%	33.67%	8.03%
Forward PE	-	-	-	-	-	9.59	8.88
No. Analysts	-	-	-	-	-	27	28

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	68.7B	74.4B
Avg	65.3B	68.8B
Low	62.3B	64.2B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	7.0%	13.9%
Avg	1.8%	5.2%
Low	-2.8%	-1.8%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	9.50	10.78
Avg	9.01	9.73
Low	8.61	8.51

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	41.0%	19.7%
Avg	33.7%	8.0%
Low	27.8%	-5.6%

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.