First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
37.33
+0.45 (1.22%)
Dec 5, 2025, 4:00 PM EST - Market closed
First Merchants Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for First Merchants stock have an average target of 47.33, with a low estimate of 46 and a high estimate of 50. The average target predicts an increase of 26.79% from the current stock price of 37.33.
Analyst Consensus: Buy
* Price targets were last updated on Oct 27, 2025.
Analyst Ratings
The average analyst rating for First Merchants stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 4 | 3 | 3 | 2 | 2 | 2 |
| Hold | 1 | 1 | 1 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $48 → $46 | Buy | Maintains | $48 → $46 | +23.23% | Oct 27, 2025 |
| Stephens & Co. | Stephens & Co. | Hold Reiterates $46 | Hold | Reiterates | $46 | +23.23% | Sep 29, 2025 |
| Raymond James | Raymond James | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Sep 26, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $49 → $50 | Buy | Maintains | $49 → $50 | +33.94% | Sep 26, 2025 |
| Piper Sandler | Piper Sandler | Buy Maintains $49 → $48 | Buy | Maintains | $49 → $48 | +28.58% | Jul 28, 2025 |
Financial Forecast
Revenue This Year
695.51M
from 610.99M
Increased by 13.83%
Revenue Next Year
796.66M
from 695.51M
Increased by 14.54%
EPS This Year
3.91
from 3.41
Increased by 14.58%
EPS Next Year
4.17
from 3.91
Increased by 6.61%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 718.2M | 853.7M | |
| Avg | 695.5M | 796.7M | |
| Low | 664.2M | 697.7M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 17.5% | 22.7% | |
| Avg | 13.8% | 14.5% | |
| Low | 8.7% | 0.3% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 4.07 | 4.46 | |
| Avg | 3.91 | 4.17 | |
| Low | 3.66 | 3.88 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 19.5% | 14.2% | |
| Avg | 14.6% | 6.6% | |
| Low | 7.2% | -0.7% |
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.