$35.46
At close: Apr 16 EDT
$35.46
0.000.00%
Pre-Market: 4:00 PM EDT
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First Merchants Analyst Ratings and Price Targets | NASDAQ:FRME | Benzinga
First Merchants Corp has a consensus price target of $46.7 based on the ratings of 5 analysts. The high is $55 issued by Piper Sandler on January 31, 2025. The low is $38 issued by Stephens & Co. on August 7, 2024. The 3 most-recent analyst ratings were released by Raymond James, Keefe, Bruyette & Woods, and Raymond James on April 2, 2025, January 31, 2025, and January 31, 2025, respectively. With an average price target of $49.33 between Raymond James, Keefe, Bruyette & Woods, and Raymond James, there's an implied 39.12% upside for First Merchants Corp from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Raymond James
Keefe, Bruyette & Woods
Piper Sandler
Stephens & Co.
Piper Sandler
1calculated from analyst ratings
Analyst Ratings for First Merchants
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 04/02/2025 | Buy Now | 29.72% | Raymond James | Daniel Tamayo57% | $50 → $46 | Maintains | Outperform | Get Alert |
| 01/31/2025 | Buy Now | 46.64% | Keefe, Bruyette & Woods | Damon Delmonte46% | $50 → $52 | Maintains | Outperform | Get Alert |
| 01/31/2025 | Buy Now | 41% | Raymond James | Daniel Tamayo57% | $42 → $50 | Reiterates | Outperform → Outperform | Get Alert |
| 01/31/2025 | Buy Now | 55.1% | Piper Sandler | Nathan Race70% | $52 → $55 | Reiterates | Overweight → Overweight | Get Alert |
| 12/04/2024 | Buy Now | 41% | Keefe, Bruyette & Woods | Damon Delmonte46% | $43 → $50 | Maintains | Outperform | Get Alert |
| 10/28/2024 | Buy Now | 32.54% | Piper Sandler | Nathan Race70% | $50 → $47 | Maintains | Overweight | Get Alert |
| 08/28/2024 | Buy Now | 26.9% | Keefe, Bruyette & Woods | Damon Delmonte46% | $45 → $45 | Maintains | Outperform | Get Alert |
| 08/07/2024 | Buy Now | 7.16% | Stephens & Co. | Terry McEvoy62% | $45 → $38 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 07/29/2024 | Buy Now | 26.9% | Keefe, Bruyette & Woods | Damon Delmonte46% | $43 → $45 | Reiterates | Outperform → Outperform | Get Alert |
| 07/29/2024 | Buy Now | 41% | Piper Sandler | Nathan Race70% | $41 → $50 | Maintains | Overweight | Get Alert |
| 07/26/2024 | Buy Now | 26.9% | Stephens & Co. | Terry McEvoy62% | $40 → $45 | Maintains | Overweight | Get Alert |
| 04/29/2024 | Buy Now | 19.85% | Piper Sandler | Scott Siefers70% | $41 → $42.5 | Maintains | Overweight | Get Alert |
| 01/29/2024 | Buy Now | 21.26% | Piper Sandler | Scott Siefers70% | $42.5 → $43 | Maintains | Overweight | Get Alert |
| 01/29/2024 | Buy Now | 12.8% | Raymond James | Daniel Tamayo57% | $33 → $40 | Maintains | Outperform | Get Alert |
| 10/30/2023 | Buy Now | 1.52% | Piper Sandler | Scott Siefers70% | $38 → $36 | Maintains | Overweight | Get Alert |
| 10/30/2023 | Buy Now | -6.94% | Raymond James | Daniel Tamayo57% | $36 → $33 | Maintains | Outperform | Get Alert |
| 07/27/2023 | Buy Now | 1.52% | Raymond James | Daniel Tamayo57% | $38 → $36 | Maintains | Outperform | Get Alert |
| 07/26/2023 | Buy Now | -4.12% | Stephens & Co. | Terry McEvoy62% | → $34 | Reiterates | Overweight → Overweight | Get Alert |
| 06/21/2023 | Buy Now | 1.52% | Piper Sandler | Scott Siefers70% | $35 → $36 | Maintains | Overweight | Get Alert |
| 04/26/2023 | Buy Now | 7.16% | Raymond James | Daniel Tamayo57% | $43 → $38 | Maintains | Outperform | Get Alert |
| 04/06/2023 | Buy Now | 21.26% | Raymond James | Daniel Tamayo57% | $50 → $43 | Maintains | Outperform | Get Alert |
| 02/21/2023 | Buy Now | 41% | Raymond James | Daniel Tamayo57% | → $50 | Downgrade | Strong Buy → Outperform | Get Alert |
| 01/30/2023 | Buy Now | 41% | Raymond James | Daniel Tamayo57% | $52 → $50 | Maintains | Strong Buy | Get Alert |
| 10/26/2022 | Buy Now | 46.64% | Raymond James | Daniel Tamayo57% | $48 → $52 | Maintains | Strong Buy | Get Alert |
| 07/07/2022 | Buy Now | 35.36% | Raymond James | Daniel Tamayo57% | → $48 | Upgrade | Outperform → Strong Buy | Get Alert |
FAQ
What is the target price for First Merchants (FRME) stock?
The latest price target for First Merchants (NASDAQ:FRME) was reported by Raymond James on April 2, 2025. The analyst firm set a price target for $46.00 expecting FRME to rise to within 12 months (a possible 29.72% upside). 12 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for First Merchants (FRME)?
The latest analyst rating for First Merchants (NASDAQ:FRME) was provided by Raymond James, and First Merchants maintained their outperform rating.
When was the last upgrade for First Merchants (FRME)?
The last upgrade for First Merchants Corp happened on July 7, 2022 when Raymond James raised their price target to $48. Raymond James previously had an outperform for First Merchants Corp.
When was the last downgrade for First Merchants (FRME)?
The last downgrade for First Merchants Corp happened on August 7, 2024 when Stephens & Co. changed their price target from $45 to $38 for First Merchants Corp.
When is the next analyst rating going to be posted or updated for First Merchants (FRME)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of First Merchants, 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 First Merchants was filed on April 2, 2025 so you should expect the next rating to be made available sometime around April 2, 2026.
Is the Analyst Rating First Merchants (FRME) correct?
While ratings are subjective and will change, the latest First Merchants (FRME) rating was a maintained with a price target of $50.00 to $46.00. The current price First Merchants (FRME) is trading at is $35.46, which is out of the analyst’s predicted range.
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