The latest price target for First Merchants (NASDAQ:FRME) was reported by Piper Sandler on April 28, 2025. The analyst firm set a price target for $49.00 expecting FRME to rise to within 12 months (a possible 36.38% upside). 13 analyst firms have reported ratings in the last year.

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

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.

The last downgrade for First Merchants Corp happened on August 7, 2024 when Stephens & Co. changed their price target from $45 to $38 for First Merchants Corp.

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 28, 2025 so you should expect the next rating to be made available sometime around April 28, 2026.

While ratings are subjective and will change, the latest First Merchants (FRME) rating was a maintained with a price target of $55.00 to $49.00. The current price First Merchants (FRME) is trading at is $35.93, which is out of the analyst’s predicted range.