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Merchants Bancorp Analyst Ratings and Price Targets | NASDAQ:MBIN | Benzinga
Merchants Bancorp has a consensus price target of $40.9 based on the ratings of 5 analysts. The high is $56.5 issued by Piper Sandler on January 30, 2025. The low is $30 issued by Piper Sandler on September 28, 2022. The 3 most-recent analyst ratings were released by Raymond James, Raymond James, and Morgan Stanley on April 29, 2025, April 2, 2025, and March 13, 2025, respectively. With an average price target of $43.67 between Raymond James, Raymond James, and Morgan Stanley, there's an implied 34.32% upside for Merchants Bancorp from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Raymond James
Morgan Stanley
Piper Sandler
Raymond James
Piper Sandler
1calculated from analyst ratings
Analyst Ratings for Merchants Bancorp
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 04/29/2025 | Buy Now | 26.12% | Raymond James | Daniel Tamayo59% | $45 → $41 | Reiterates | Outperform → Outperform | Get Alert |
| 04/02/2025 | Buy Now | 38.42% | Raymond James | Daniel Tamayo59% | $53 → $45 | Maintains | Outperform | Get Alert |
| 03/13/2025 | Buy Now | 38.42% | Morgan Stanley | Manan Gosalia76% | $47 → $45 | Maintains | Equal-Weight | Get Alert |
| 01/30/2025 | Buy Now | 63.03% | Raymond James | Daniel Tamayo59% | $50 → $53 | Reiterates | Outperform → Outperform | Get Alert |
| 01/30/2025 | Buy Now | 73.79% | Piper Sandler | Nathan Rice57% | $52.5 → $56.5 | Maintains | Overweight | Get Alert |
| 11/26/2024 | Buy Now | 61.49% | Piper Sandler | Nathan Rice57% | $48 → $52.5 | Maintains | Overweight | Get Alert |
| 10/30/2024 | Buy Now | 47.65% | Piper Sandler | Nathan Rice57% | $56 → $48 | Reiterates | Overweight → Overweight | Get Alert |
| 10/29/2024 | Buy Now | 69.18% | Raymond James | Daniel Tamayo59% | $58 → $55 | Maintains | Outperform | Get Alert |
| 09/09/2024 | Buy Now | 66.1% | Morgan Stanley | Manan Gosalia76% | → $54 | Initiates | → Equal-Weight | Get Alert |
| 07/30/2024 | Buy Now | 78.41% | Raymond James | Daniel Tamayo59% | $55 → $58 | Downgrade | Strong Buy → Outperform | Get Alert |
| 05/17/2024 | Buy Now | 72.25% | Piper Sandler | Nathan Rice57% | $58.5 → $56 | Reiterates | Overweight → Overweight | Get Alert |
| 05/15/2024 | Buy Now | 69.18% | Raymond James | Daniel Tamayo59% | $55 → $55 | Reiterates | Strong Buy → Strong Buy | Get Alert |
| 05/03/2024 | Buy Now | 79.94% | Piper Sandler | Nathan Rice57% | $53 → $58.5 | Reiterates | Overweight → Overweight | Get Alert |
| 01/30/2024 | Buy Now | 69.18% | Raymond James | Daniel Tamayo59% | $44 → $55 | Maintains | Strong Buy | Get Alert |
| 10/30/2023 | Buy Now | 35.34% | Raymond James | Daniel Tamayo59% | $41 → $44 | Maintains | Strong Buy | Get Alert |
| 07/31/2023 | Buy Now | 16.89% | Piper Sandler | Nathan Rice57% | $31 → $38 | Maintains | Overweight | Get Alert |
| 07/31/2023 | Buy Now | 26.12% | Raymond James | Daniel Tamayo59% | $38 → $41 | Maintains | Strong Buy | Get Alert |
| 05/01/2023 | Buy Now | -4.64% | Piper Sandler | Nathan Rice57% | $35 → $31 | Maintains | Overweight | Get Alert |
| 02/28/2023 | Buy Now | 16.89% | Raymond James | Daniel Tamayo59% | $35 → $38 | Maintains | Strong Buy | Get Alert |
| 01/31/2023 | Buy Now | 7.66% | Raymond James | Daniel Tamayo59% | $32 → $35 | Maintains | Strong Buy | Get Alert |
| 10/06/2022 | Buy Now | -1.57% | Raymond James | David Long68% | $37 → $32 | Maintains | Strong Buy | Get Alert |
| 09/28/2022 | Buy Now | -7.72% | Piper Sandler | Nathan Race76% | $31 → $30 | Maintains | Overweight | Get Alert |
| 08/01/2022 | Buy Now | 13.81% | Raymond James | Daniel Tamayo59% | $33 → $37 | Maintains | Strong Buy | Get Alert |
FAQ
What is the target price for Merchants Bancorp (MBIN) stock?
The latest price target for Merchants Bancorp (NASDAQ:MBIN) was reported by Raymond James on April 29, 2025. The analyst firm set a price target for $41.00 expecting MBIN to rise to within 12 months (a possible 26.12% upside). 10 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Merchants Bancorp (MBIN)?
The latest analyst rating for Merchants Bancorp (NASDAQ:MBIN) was provided by Raymond James, and Merchants Bancorp reiterated their outperform rating.
When was the last upgrade for Merchants Bancorp (MBIN)?
There is no last upgrade for Merchants Bancorp
When was the last downgrade for Merchants Bancorp (MBIN)?
The last downgrade for Merchants Bancorp happened on July 30, 2024 when Raymond James changed their price target from $55 to $58 for Merchants Bancorp.
When is the next analyst rating going to be posted or updated for Merchants Bancorp (MBIN)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Merchants Bancorp, 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 Merchants Bancorp was filed on April 29, 2025 so you should expect the next rating to be made available sometime around April 29, 2026.
Is the Analyst Rating Merchants Bancorp (MBIN) correct?
While ratings are subjective and will change, the latest Merchants Bancorp (MBIN) rating was a reiterated with a price target of $45.00 to $41.00. The current price Merchants Bancorp (MBIN) is trading at is $32.51, which is out of the analyst’s predicted range.
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