First Merchants (FRME) Stock Forecast & Price Target

$36.92

+0.19 (+0.52%)

(As of 03:58 PM ET)

First Merchants - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 5 Analyst Ratings

Based on 5 Wall Street analysts who have issued ratings for First Merchants in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 5 analysts, 2 have given a hold rating, and 3 have given a buy rating for FRME.

Consensus Price Target

$42.20
14.30% Upside

High Forecast	$50.00
Average Forecast	$42.20
Low Forecast	$38.00

According to the 5 analysts' twelve-month price targets for First Merchants, the average price target is $42.20. The highest price target for FRME is $50.00, while the lowest price target for FRME is $38.00. The average price target represents a forecasted upside of 14.30% from the current price of $36.92.

Type	Current Forecast 9/17/23 to 9/16/24	1 Month Ago 8/18/23 to 8/17/24	3 Months Ago 6/19/23 to 6/18/24	1 Year Ago 9/17/22 to 9/17/23
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$42.20	$42.20	$41.25	$38.00
Forecasted Upside	14.30% Upside	11.73% Upside	19.57% Upside	17.31% Upside

Get First Merchants Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for FRME and its competitors with MarketBeat's FREE daily newsletter.

Ad Brownstone Research

Bill Gates’s Next Big AI Bet: Stargate

In February 2016… when almost nobody was talking about artificial intelligence…. I picked Nvidia as one of my favorite stocks. Shares have jumped by more than 20,000% since then.

I believe we are about to do it again with this new AI project called Stargate

FRME Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FRME Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

First Merchants Stock vs. The Competition

Type	First Merchants	Finance Companies	S&P 500
Consensus Rating Score	2.60	2.47	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	14.64% Upside	14.61% Upside	8.12% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/28/2024	Keefe, Bruyette & Woods 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$45.00 ➝ $45.00	+14.94%
8/12/2024	Hovde Group 3 of 5 stars	B. Nosal Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform	$35.00 ➝ $38.00	+6.44%
8/7/2024	Stephens 4 of 5 stars	T. Mcevoy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight	$45.00 ➝ $38.00	+5.82%
7/29/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$41.00 ➝ $50.00	+20.92%
1/29/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$33.00 ➝ $40.00	+14.71%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 04:21 PM ET.

FRME Forecast - Frequently Asked Questions

What is First Merchants' forecast for 2024?: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for First Merchants is $42.20, with a high forecast of $50.00 and a low forecast of $38.00.
Should I buy or sell First Merchants stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FRME shares.
Does First Merchants's stock price have much upside?: According to analysts, First Merchants's stock has a predicted upside of 12.85% based on their 12-month stock forecasts.
Has First Merchants been downgraded by Wall Street analysts recently?: Over the previous 90 days, First Merchants's stock had 1 downgrade by analysts.
What analysts cover First Merchants?: First Merchants has been rated by research analysts at Hovde Group, Keefe, Bruyette & Woods, Piper Sandler, and Stephens in the past 90 days.
Do Wall Street analysts like First Merchants more than its competitors?: Analysts like First Merchants more than other "finance" companies. The consensus rating for First Merchants is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how FRME compares to other companies.