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First Merchants

FRMENASDAQ
Logo brought to you by Benzinga Data
$36.65
-0.34-0.92%
At close: -
$36.65
00.00%
After Hours: 4:00 PM EDT
15 minutes delayed
Consensus Rating1
Overweight
Highest Price Target1
$47.00
Lowest Price Target1
$40.00
Consensus Price Target1
$43.90

First Merchants (NASDAQ:FRME) Stock, Analyst Ratings, Price Targets, Forecasts

First Merchants Corp has a consensus price target of $43.9 based on the ratings of 5 analysts. The high is $47 issued by Piper Sandler on October 28, 2024. The low is $40 issued by Raymond James on January 29, 2024. The 3 most-recent analyst ratings were released by Piper Sandler, Keefe, Bruyette & Woods, and Keefe, Bruyette & Woods on October 28, 2024, August 28, 2024, and July 29, 2024, respectively. With an average price target of $45.67 between Piper Sandler, Keefe, Bruyette & Woods, and Keefe, Bruyette & Woods, there's an implied 24.60% upside for First Merchants Corp from these most-recent analyst ratings.

Analyst Trends and Forecast
3
Jul
1
Aug
1
Oct
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
4.6
Strong Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Piper Sandler
Keefe, Bruyette & Woods
Stephens & Co.
Piper Sandler
Raymond James

1calculated from analyst ratings

Analyst Ratings for First Merchants

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for First Merchants (FRME) stock?

A

The latest price target for First Merchants (NASDAQ:FRME) was reported by Piper Sandler on October 28, 2024. The analyst firm set a price target for $47.00 expecting FRME to rise to within 12 months (a possible 28.24% upside). 7 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for First Merchants (FRME)?

A

The latest analyst rating for First Merchants (NASDAQ:FRME) was provided by Piper Sandler, and First Merchants maintained their overweight rating.

Q

When was the last upgrade for First Merchants (FRME)?

A

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.

Q

When was the last downgrade for First Merchants (FRME)?

A

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.

Q

When is the next analyst rating going to be posted or updated for First Merchants (FRME)?

A

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 October 28, 2024 so you should expect the next rating to be made available sometime around October 28, 2025.

Q

Is the Analyst Rating First Merchants (FRME) correct?

A

While ratings are subjective and will change, the latest First Merchants (FRME) rating was a maintained with a price target of $50.00 to $47.00. The current price First Merchants (FRME) is trading at is $36.65, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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