First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
40.48
+0.17 (0.42%)
Apr 28, 2026, 4:00 PM EDT - 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 48.33, with a low estimate of 46 and a high estimate of 50. The average target predicts an increase of 19.39% from the current stock price of 40.48.
Analyst Consensus: Buy
* Price targets were last updated on Feb 4, 2026.
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 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $46 → $49 | Buy | Maintains | $46 → $49 | +21.05% | Feb 4, 2026 |
| Piper Sandler | Piper Sandler | Buy Maintains $48 → $46 | Buy | Maintains | $48 → $46 | +13.64% | Oct 27, 2025 |
| Stephens & Co. | Stephens & Co. | Hold Reiterates $46 | Hold | Reiterates | $46 | +13.64% | 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 | +23.52% | Sep 26, 2025 |
Financial Forecast
Revenue This Year
819.28M
from 641.70M
Increased by 27.67%
Revenue Next Year
867.67M
from 819.28M
Increased by 5.91%
EPS This Year
4.23
from 3.88
Increased by 9.14%
EPS Next Year
4.62
from 4.23
Increased by 9.20%
Revenue Forecast
| Revenue | 2026 | 2027 |
|---|---|---|
| High | 851.9M | 918.8M |
| Avg | 819.3M | 867.7M |
| Low | 777.4M | 819.7M |
Revenue Growth
| Revenue Growth | 2026 | 2027 |
|---|---|---|
| High | 32.8% | 12.1% |
| Avg | 27.7% | 5.9% |
| Low | 21.2% | 0.0% |
EPS Forecast
| EPS | 2026 | 2027 |
|---|---|---|
| High | 4.44 | 4.93 |
| Avg | 4.23 | 4.62 |
| Low | 3.94 | 4.36 |
EPS Growth
| EPS Growth | 2026 | 2027 |
|---|---|---|
| High | 14.4% | 16.5% |
| Avg | 9.1% | 9.2% |
| Low | 1.5% | 3.0% |
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.