$35.54
-0.35[-0.98%]
At close: May 16
$35.54
0[0.00%]
After Hours: 4:00PM EDT
First Merchants
(NASDAQ:FRME)First Merchants Stock (NASDAQ:FRME), Analyst Ratings, Price Targets, Predictions
First Merchants Corp has a consensus price target of $41.13, established from looking at the 14 latest analyst ratings. The last 3 analyst ratings were released from Piper Sandler, Raymond James, and Piper Sandler on April 29, 2024, January 29, 2024, and October 30, 2023. With an average price target of $39.5 between Piper Sandler, Raymond James, and Piper Sandler, there's an implied 11.14% upside for First Merchants Corp from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Piper Sandler
Raymond James
Stephens & Co.
Janney Montgomery Scott
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for First Merchants
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 04/29/2024 | Buy Now | 19.58% | Piper Sandler | Scott Siefers | $41 → $42.5 | Maintains | Overweight | Get Alert |
| 01/29/2024 | Buy Now | 12.55% | Raymond James | Daniel Tamayo | $33 → $40 | Maintains | Outperform | Get Alert |
| 10/30/2023 | Buy Now | 1.29% | Piper Sandler | Scott Siefers | $38 → $36 | Maintains | Overweight | Get Alert |
| 10/30/2023 | Buy Now | -7.15% | Raymond James | Daniel Tamayo | $36 → $33 | Maintains | Outperform | Get Alert |
| 07/27/2023 | Buy Now | 1.29% | Raymond James | Daniel Tamayo | $38 → $36 | Maintains | Outperform | Get Alert |
| 07/26/2023 | Buy Now | -4.33% | Stephens & Co. | Terry McEvoy | → $34 | Reiterates | Overweight → Overweight | Get Alert |
| 04/26/2023 | Buy Now | 6.92% | Raymond James | Daniel Tamayo | $43 → $38 | Maintains | Outperform | Get Alert |
| 04/06/2023 | Buy Now | 20.99% | Raymond James | Daniel Tamayo | $50 → $43 | Maintains | Outperform | Get Alert |
| 02/21/2023 | Buy Now | 40.69% | Raymond James | Daniel Tamayo | → $50 | Downgrade | Strong Buy → Outperform | Get Alert |
| 01/30/2023 | Buy Now | 40.69% | Raymond James | Daniel Tamayo | $52 → $50 | Maintains | Strong Buy | Get Alert |
| 10/26/2022 | Buy Now | 46.31% | Raymond James | Daniel Tamayo | $48 → $52 | Maintains | Strong Buy | Get Alert |
| 07/07/2022 | Buy Now | 35.06% | Raymond James | Daniel Tamayo | → $48 | Upgrade | Outperform → Strong Buy | Get Alert |
| 07/29/2021 | Buy Now | 35.06% | Janney Montgomery Scott | Brian Martin | — | Upgrade | Neutral → Buy | Get Alert |
| 07/28/2021 | Buy Now | 32.25% | 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 Piper Sandler on April 29, 2024. The analyst firm set a price target for $42.50 expecting FRME to rise to within 12 months (a possible 19.58% 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 Piper Sandler, and First Merchants maintained their overweight 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 April 29, 2024 so you should expect the next rating to be made available sometime around April 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 $41.00 to $42.50. The current price First Merchants (FRME) is trading at is $35.54, which is out of the analyst’s predicted range.
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