$41.20
-0.23-0.56%
Last update: Nov 11, 9:03 AM

The average analyst price target for First Merchants is $46.10, 11.5% above the current price. Of 3 analysts, 3 rate it Buy. Targets range from $42.50 to $50. The latest change came on Oct 6, 2026, when Raymond James upgraded First Merchants from Market Perform to Outperform with a $46 price target.
Price Target Range — 11 Quarters
Analyst Consensus — 3 Analysts
Rating Trend — Last 9 Months