Based on 1 Wall Street analysts offering 12 month price targets for First Merchants in the last 3 months. The average price target is $47.00 with a high forecast of $47.00 and a low forecast of $47.00. The average price target represents a 14.94% change from the last price of $40.89.

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Highest Price Target$47.00

Average Price Target$47.00

Lowest Price Target$47.00

The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts

Ranks

Any

Analyst Rating

Any

Upside/ Downside

Any

Action

Any

xxxxxxxxxxxxxxxxxx

Piper Sandler

xxxxxxxxxxxxx

Reiterated

10/28/24

xxxxxxxxxxxxx

Damon Delmonte

KBW

$45

Buy

10.05%

Upside

Reiterated

08/28/24

KBW Sticks to Their Buy Rating for First Merchants (FRME)

Brendan Nosal

Hovde Group

―

Hold

―

Initiated

08/12/24

Hovde Group starts First Merchants (FRME) at Market PerformHovde Group analyst Brendan Nosal initiates coverage on First Merchants (NASDAQ: FRME) with a Market Perform rating.

Terry McEvoy

Stephens

$45→$38

Hold

-7.07%

Downside

Downgraded

08/07/24

First Merchants downgraded to Equal Weight from Overweight at StephensFirst Merchants downgraded to Equal Weight from Overweight at Stephens

Best Analysts Covering First Merchants

Which Analyst Should I Follow If I Want to Buy FRME and Sell After:

1 Month

xxx

Success Rate

7/18 ratings generated profit

Average Return

+0.41%

reiterated a xxx

rating 4 months ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 1 Month would result in 38.89% of your transactions generating a profit, with an average return of +0.41% per trade.

3 Months

xxx

Success Rate

13/18 ratings generated profit

Average Return

+7.44%

reiterated a xxx

rating 4 months ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 3 Months would result in 72.22% of your transactions generating a profit, with an average return of +7.44% per trade.

1 Year

Damon DelmonteKBW

Success Rate

13/18 ratings generated profit

Average Return

+18.84%

reiterated a buy rating 4 months ago

Copying Damon Delmonte's trades and holding each position for 1 Year would result in 72.22% of your transactions generating a profit, with an average return of +18.84% per trade.

2 Years

xxx

Success Rate

12/18 ratings generated profit

Average Return

+19.72%

reiterated a xxx

rating 4 months ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 2 Years would result in 66.67% of your transactions generating a profit, with an average return of +19.72% per trade.

The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

FRME Analyst Recommendation Trends

Rating

Apr 24

May 24

Jul 24

Aug 24

Oct 24

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, FRME has received 6 Buy Ratings, 2 Hold Ratings, and 0 Sell Ratings. FRME average Analyst price target in the past 3 months is $47.00.

Each month's total comprises the sum of three months' worth of ratings.

Stocks with the Highest Top Analyst Consensus in the Financial Sector

xxx

Find stocks in the Financial sector that are highly recommended by Top Performing Analysts.

FRME Financial Forecast

FRME Earnings Forecast

Next quarter’s earnings estimate for FRME is $0.90 with a range of $0.86 to $0.91. The previous quarter’s EPS was $0.84. FRME beat its EPS estimate 0.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.68% of the time in the same period. In the last calendar year FRME has Underperformed its overall industry.

FRME Sales Forecast

Next quarter’s sales forecast for FRME is $167.72M with a range of $165.30M to $169.00M. The previous quarter’s sales results were $265.01M. FRME beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 81.32% of the time in the same period. In the last calendar year FRME has Outperformed its overall industry.

FRME Stock Forecast FAQ

What is FRME’s average 12-month price target, according to analysts?

Based on analyst ratings, First Merchants Corp.’s 12-month average price target is $47.00.

What is FRME’s upside potential, based on the analysts’ average price target?

First Merchants Corp. has 14.94% upside potential, based on the analysts’ average price target.

Can I see which stocks the top-ranking analysts are rating?

Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.

How can I follow the stock ratings of top Wall Street analysts?

Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.

Is FRME a Buy, Sell or Hold?

First Merchants Corp. has a consensus rating of Moderate Buy which is based on 1 buy ratings, 0 hold ratings and 0 sell ratings.

What is First Merchants Corp.’s price target?

The average price target for First Merchants Corp. is $47.00. This is based on 1 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $47.00 ,the lowest forecast is $47.00. The average price target represents 14.94% Increase from the current price of $40.89.

What do analysts say about First Merchants Corp.?

First Merchants Corp.’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 1 Wall Streets Analysts.

How can I buy shares of FRME?

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First Merchants (FRME) Stock Forecast & Price Target

FRME Analyst Ratings

FRME Stock 12 Month Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering First Merchants

FRME Analyst Recommendation Trends

FRME Financial Forecast

FRME Earnings Forecast

FRME Sales Forecast

FRME Stock Forecast FAQ

Become an Expert with TipRanks Premium

Detailed List of Analyst Forecasts