$35.05
0[0.00%]
At close: Apr 24
$35.05
0[0.00%]
PreMarket: 4:01PM EDT
First Merchants
(NASDAQ:FRME)First Merchants Stock (NASDAQ:FRME), Analyst Ratings, Price Targets, Predictions
First Merchants Corp has a consensus price target of $39.5, established from looking at the 14 latest analyst ratings. The last 3 analyst ratings were released from Raymond James, Piper Sandler, and Raymond James on January 29, 2024, October 30, 2023, and October 30, 2023. With an average price target of $36.33 between Raymond James, Piper Sandler, and Raymond James, there's an implied 3.66% upside for First Merchants Corp from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Raymond James
Piper Sandler
Stephens & Co.
Janney Montgomery Scott
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for First Merchants
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 01/29/2024 | FRME | Buy Now | First Merchants | $35.05 | 14.12% | Raymond James | Daniel Tamayo | $33 → $40 | Maintains | Outperform | Get Alert |
| 10/30/2023 | FRME | Buy Now | First Merchants | $35.05 | 2.71% | Piper Sandler | Scott Siefers | $38 → $36 | Maintains | Overweight | Get Alert |
| 10/30/2023 | FRME | Buy Now | First Merchants | $35.05 | -5.85% | Raymond James | Daniel Tamayo | $36 → $33 | Maintains | Outperform | Get Alert |
| 07/27/2023 | FRME | Buy Now | First Merchants | $35.05 | 2.71% | Raymond James | Daniel Tamayo | $38 → $36 | Maintains | Outperform | Get Alert |
| 07/26/2023 | FRME | Buy Now | First Merchants | $35.05 | -3% | Stephens & Co. | Terry McEvoy | → $34 | Reiterates | Overweight → Overweight | Get Alert |
| 04/26/2023 | FRME | Buy Now | First Merchants | $35.05 | 8.42% | Raymond James | Daniel Tamayo | $43 → $38 | Maintains | Outperform | Get Alert |
| 04/06/2023 | FRME | Buy Now | First Merchants | $35.05 | 22.68% | Raymond James | Daniel Tamayo | $50 → $43 | Maintains | Outperform | Get Alert |
| 02/21/2023 | FRME | Buy Now | First Merchants | $35.05 | 42.65% | Raymond James | Daniel Tamayo | → $50 | Downgrade | Strong Buy → Outperform | Get Alert |
| 01/30/2023 | FRME | Buy Now | First Merchants | $35.05 | 42.65% | Raymond James | Daniel Tamayo | $52 → $50 | Maintains | Strong Buy | Get Alert |
| 10/26/2022 | FRME | Buy Now | First Merchants | $35.05 | 48.36% | Raymond James | Daniel Tamayo | $48 → $52 | Maintains | Strong Buy | Get Alert |
| 07/07/2022 | FRME | Buy Now | First Merchants | $35.05 | 36.95% | Raymond James | Daniel Tamayo | → $48 | Upgrade | Outperform → Strong Buy | Get Alert |
| 07/29/2021 | FRME | Buy Now | First Merchants | $35.05 | 36.95% | Janney Montgomery Scott | Brian Martin | — | Upgrade | Neutral → Buy | Get Alert |
| 07/28/2021 | FRME | Buy Now | First Merchants | $35.05 | 34.09% | Raymond James | Daniel Tamayo | — | Maintains | Outperform | Get Alert |
| 04/27/2021 | FRME | Buy Now | First Merchants | $35.05 | 56.92% | Raymond James | Daniel Tamayo | — | Maintains | Outperform | Get Alert |
FAQ
What is the target price for First Merchants (FRME)?
The latest price target for First Merchants (NASDAQ: FRME) was reported by Raymond James on January 29, 2024. The analyst firm set a price target for $40.00 expecting FRME to rise to within 12 months (a possible 14.12% upside). 6 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for First Merchants (FRME)?
The latest analyst rating for First Merchants (NASDAQ: FRME) was provided by Raymond James, and First Merchants maintained their outperform rating.
When was the last upgrade for First Merchants (FRME)?
The last upgrade for First Merchants Corp happened on July 7, 2022 when Raymond James raised their price target to $48. Raymond James previously had an outperform for First Merchants Corp.
When was the last downgrade for First Merchants (FRME)?
The last downgrade for First Merchants Corp happened on February 21, 2023 when Raymond James changed their price target from N/A to $50 for First Merchants Corp.
When is the next analyst rating going to be posted or updated for First Merchants (FRME)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of First Merchants, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for First Merchants was filed on January 29, 2024 so you should expect the next rating to be made available sometime around January 29, 2025.
Is the Analyst Rating First Merchants (FRME) correct?
While ratings are subjective and will change, the latest First Merchants (FRME) rating was a maintained with a price target of $33.00 to $40.00. The current price First Merchants (FRME) is trading at is $35.05, which is within the analyst’s predicted range.
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