First Merchants Corporation (FRME) Stock Forecast
Data as of Oct 31, 2026Financial Services · Current price $40.51 (-1.42%)
Price Target Range
Consensus Price Target Over Time
Analyst Rating Distribution
Last 3 Months
6-Month Trend
Latest Analyst Forecasts
Price targets issued by Wall Street analysts. Upside calculated against today's price.
| Date | Analyst | Firm | Price Target | Upside |
|---|---|---|---|---|
| Feb 4, 2026 | Nathan Race | Piper Sandler | $49.00 | +21.0% |
| Oct 28, 2024 | Nathan Race | Piper Sandler | $47.00 | +16.0% |
| Jul 29, 2024 | Nathan Race | Piper Sandler | $50.00 | +23.4% |
| Jul 26, 2024 | Terry McEvoy | Stephens | $45.00 | +11.1% |
| Apr 29, 2024 | Nathan Race | Piper Sandler | $42.50 | +4.9% |
Top Analysts Covering FRME
FRME vs Sector & Market
| Metric | FRME | Financial Services Avg | Large Cap Avg |
|---|---|---|---|
| Analyst Rating | 2.00 | 2.51 | 2.41 |
| Analyst Count | 3 | 9 | 19 |
| Target Upside | +13.6% | +132.9% | +21.5% |
| P/E Ratio | 11.88 | -4.34 | 38.49 |
Revenue Estimates
| Period | Low | Avg | High | # |
|---|---|---|---|---|
| 2026-12-31 | $205M | $207M | $209M | 2 |
| 2027-03-31 | $202M | $204M | $206M | 1 |
| 2027-06-30 | $208M | $210M | $212M | 2 |
| 2027-09-30 | $212M | $215M | $217M | 2 |
| 2027-12-31 | $215M | $217M | $220M | 1 |
EPS Estimates
| Period | Low | Avg | High | # |
|---|---|---|---|---|
| 2026-12-31 | $1.08 | $1.10 | $1.11 | 1 |
| 2027-03-31 | $1.04 | $1.05 | $1.07 | 1 |
| 2027-06-30 | $1.11 | $1.12 | $1.14 | 1 |
| 2027-09-30 | $1.15 | $1.17 | $1.18 | 1 |
| 2027-12-31 | $1.17 | $1.18 | $1.20 | 1 |
Frequently Asked Questions
What is the analyst consensus for FRME?
The consensus among 3 analysts covering First Merchants Corporation (FRME) is Buy with an average price target of $47.00.
What is the highest price target for FRME?
The highest price target for FRME is $50.00, set by Nathan Race at Piper Sandler on 2024-07-29.
What is the lowest price target for FRME?
The lowest price target for FRME is $42.50, set by Nathan Race at Piper Sandler on 2024-04-29.
How many analysts cover FRME?
3 analysts have issued ratings for First Merchants Corporation in the past 12 months.
Is FRME a buy or sell right now?
Based on 3 analyst ratings, FRME has a consensus rating of Buy (2.00/5) with a +13.6% upside to the consensus target of $47.00.
What are the earnings estimates for FRME?
Analysts estimate FRME will report EPS of $1.10 for the period ending 2026-12-31, with revenue estimated at $207M.
Related Stock Forecasts
Data updated daily. Analyst price targets sourced from public filings and broker reports. Not investment advice.