Merck & Co. Stock Forecast

Stock Price Forecast

According to 29 analysts polled by S&P Global, Merck & Co. stock has a consensus rating of "Buy" and an average price target of $129.74. The average 1-year stock price forecast is 13.94% higher than the current stock price, while the lowest is $100 (-12.18%) and the highest is $150 (+31.73%).

Price Target: $129.74 (+13.94%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$100	$129.74	$135	$150
Change	-12.18%	+13.94%	+18.56%	+31.73%

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	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	14	15	14	15	15	15
Buy	2	4	4	4	4	4
Hold	12	11	11	10	10	10
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	28	30	29	29	29	29

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Geoff Meacham Citi	Citi	Hold Maintains $125	Hold	Maintains	$125	+9.77%	Jun 16, 2026
Courtney Breen Bernstein	Bernstein	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Jun 10, 2026
Mohit Bansal Wells Fargo	Wells Fargo	Buy Maintains $178 → $145	Buy	Maintains	$178 → $145	+27.34%	Jun 9, 2026
Michael Yee UBS	UBS	Buy Maintains $145	Buy	Maintains	$145	+27.34%	Jun 2, 2026
Louise Chen Scotiabank	Scotiabank	Buy Maintains $136	Buy	Maintains	$136	+19.43%	Jun 2, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

66.85B

from 65.01B

2.83%

from 65.01B

Revenue Next Year

70.15B

from 66.85B

4.94%

from 66.85B

EPS This Year

2.74

from 8.98

-69.53%

from 8.98

EPS Next Year

9.56

from 2.74

249.49%

from 2.74

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	48.70B	59.28B	60.12B	64.17B	65.01B	66.85B
Revenue Growth	17.31%	21.72%	1.40%	6.74%	1.31%	2.83%
Gross Profit	35.24B	42.08B	44.20B	49.47B	50.20B	53.50B
Gross Margin	72.35%	70.98%	73.53%	77.09%	77.21%	80.03%
Operating Income	13.89B	20.49B	15.97B	24.89B	24.47B	11.84B
Net Income	13.05B	14.52B	365.00M	17.12B	18.25B	5.56B
EPS	-	-	-	-	8.98	2.74
EPS Growth	-	-	-	-	17.39%	-69.53%
Forward PE	10.97	15.45	17.47	11.05	12.18	41.61
Dividend / Share	2.60	2.76	2.92	3.08	3.24	3.34
Dividend Growth	-	6.15%	5.80%	5.48%	5.19%	3.21%
Free Cash Flow	5.43B	12.64B	9.26B	17.83B	11.89B	11.71B
No. Analysts	-	-	-	-	-	7

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	67.5B
Avg	66.8B
Low	66.4B

Revenue Growth

Revenue Growth	2026	2027	2028
High	3.8%
Avg	2.8%
Low	2.1%

EPS Forecast

EPS	2026	2027	2028
High	2.92
Avg	2.74
Low	2.61

EPS Growth

EPS Growth	2026	2027	2028
High	-67.5%
Avg	-69.5%
Low	-70.9%