Merchants Bancorp Analyst Price Targets

Wall Street analyst price targets and consensus rating for Merchants Bancorp (MBIN).

Price Target Range — 12 Quarters

Analyst Consensus — 2 Analysts

1Buy

1Hold

Consensus RatingEqual-Weight# Analysts2Avg. Consensus PT$67Upside to Avg. PT+27.9%

Rating Trend — Last 9 Months

Recent Analyst Actions

See all ratings →

Date	Firm	Analyst	Action	Rating Change	Price Target
Oct 29, 2026	Piper Sandler	Nathan Rice	PT Raise	Overweight	$63→$68
Oct 5, 2026	Piper Sandler	Nathan Rice	PT Cut	Overweight	$64→$63
Sep 8, 2026	Morgan Stanley	Manan Gosalia	PT Raise	Equal-Weight	$49→$65
Jul 29, 2026	Piper Sandler	Nathan Rice	PT Cut	Overweight	$64→$58
Jul 1, 2026	Raymond James	Daniel Tamayo	Downgrade	Outperform→Market Perform	—
Jun 29, 2026	Morgan Stanley	Manan Gosalia	PT Raise	Equal-Weight	$46→$49
Mar 2, 2026	Morgan Stanley	Manan Gosalia	PT Raise	Equal-Weight	$42→$51
Jan 30, 2026	Morgan Stanley	Manan Gosalia	PT Raise	Equal-Weight	$40→$42
Oct 30, 2025	Piper Sandler	Nathan Rice	PT Raise	Overweight	$41→$42
Oct 29, 2025	Raymond James	Daniel Tamayo	PT Cut	Outperform	$40→$38
Sep 29, 2025	Morgan Stanley	Manan Gosalia	PT Raise	Equal-Weight	$34→$39
Jul 30, 2025	Piper Sandler	Nathan Rice	PT Cut	Overweight	$42→$41
Jul 29, 2025	Morgan Stanley	Manan Gosalia	PT Cut	Equal-Weight	$40→$34
Jul 29, 2025	Raymond James	Daniel Tamayo	PT Cut	Outperform	$41→$40
Apr 29, 2025	Raymond James	Daniel Tamayo	PT Cut	Outperform	$45→$41
Apr 2, 2025	Raymond James	Daniel Tamayo	PT Cut	Outperform	$53→$45
Mar 13, 2025	Morgan Stanley	Manan Gosalia	PT Cut	Equal-Weight	$47→$45
Jan 30, 2025	Raymond James	Daniel Tamayo	PT Raise	Outperform	$50→$53
Jan 30, 2025	Piper Sandler	Nathan Rice	PT Raise	Overweight	$53→$57
Jan 8, 2025	Raymond James	Daniel Tamayo	PT Cut	Outperform	$55→$50

Analyst Ratings News

PRO
Piper Sandler Reiterates Overweight on Merchants Bancorp, Raises Price Target to $68

Piper Sandler analyst Nathan Rice reiterates Merchants Bancorp (NASDAQ:MBIN) with a Overweight and raises the price target from $63 to $68.

Benzinga Newsdesk

PRO
Piper Sandler Maintains Overweight on Merchants Bancorp, Lowers Price Target to $63

Piper Sandler analyst Nathan Rice maintains Merchants Bancorp (NASDAQ:MBIN) with a Overweight and lowers the price target from $64 to $63.

Benzinga Newsdesk

PRO
Morgan Stanley Maintains Equal-Weight on Merchants Bancorp, Raises Price Target to $65

Morgan Stanley analyst Manan Gosalia maintains Merchants Bancorp (NASDAQ:MBIN) with a Equal-Weight and raises the price target from $49 to $65.

Benzinga Newsdesk

PRO
Piper Sandler Maintains Overweight on Merchants Bancorp, Lowers Price Target to $58

Piper Sandler analyst Nathan Rice maintains Merchants Bancorp (NASDAQ:MBIN) with a Overweight and lowers the price target from $64 to $58.

Benzinga Newsdesk

PRO
Raymond James Downgrades Merchants Bancorp to Market Perform

Raymond James analyst Daniel Tamayo downgrades Merchants Bancorp (NASDAQ:MBIN) from Outperform to Market Perform.

Benzinga Newsdesk

PRO
Morgan Stanley Maintains Equal-Weight on Merchants Bancorp, Raises Price Target to $49

Morgan Stanley analyst Manan Gosalia maintains Merchants Bancorp (NASDAQ:MBIN) with a Equal-Weight and raises the price target from $46 to $49.

Benzinga Newsdesk

Merchants Bancorp

Merchants Bancorp Analyst Price Targets

Recent Analyst Actions

Analyst Ratings News

PRO
Piper Sandler Reiterates Overweight on Merchants Bancorp, Raises Price Target to $68

PRO
Piper Sandler Maintains Overweight on Merchants Bancorp, Lowers Price Target to $63

PRO
Morgan Stanley Maintains Equal-Weight on Merchants Bancorp, Raises Price Target to $65

PRO
Piper Sandler Maintains Overweight on Merchants Bancorp, Lowers Price Target to $58

PRO
Raymond James Downgrades Merchants Bancorp to Market Perform

PRO
Morgan Stanley Maintains Equal-Weight on Merchants Bancorp, Raises Price Target to $49

People Also Watch

People Also Watch

Merchants Bancorp

Merchants Bancorp Analyst Price Targets

Recent Analyst Actions

Analyst Ratings News

PROPiper Sandler Reiterates Overweight on Merchants Bancorp, Raises Price Target to $68

PROPiper Sandler Maintains Overweight on Merchants Bancorp, Lowers Price Target to $63

PROMorgan Stanley Maintains Equal-Weight on Merchants Bancorp, Raises Price Target to $65

PROPiper Sandler Maintains Overweight on Merchants Bancorp, Lowers Price Target to $58

PRORaymond James Downgrades Merchants Bancorp to Market Perform

PROMorgan Stanley Maintains Equal-Weight on Merchants Bancorp, Raises Price Target to $49

People Also Watch

People Also Watch

PRO
Piper Sandler Reiterates Overweight on Merchants Bancorp, Raises Price Target to $68

PRO
Piper Sandler Maintains Overweight on Merchants Bancorp, Lowers Price Target to $63

PRO
Morgan Stanley Maintains Equal-Weight on Merchants Bancorp, Raises Price Target to $65

PRO
Piper Sandler Maintains Overweight on Merchants Bancorp, Lowers Price Target to $58

PRO
Raymond James Downgrades Merchants Bancorp to Market Perform

PRO
Morgan Stanley Maintains Equal-Weight on Merchants Bancorp, Raises Price Target to $49