$41.06
-0.83-1.98%
Last update: Nov 5, 4:20 PM

The average analyst price target for First Merchants is $46.10, 12.7% 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