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Merchants Bancorp has a consensus price target of $44.7 based on the ratings of 5 analysts. The high is $55 issued by Raymond James on October 29, 2024. The low is $30 issued by Piper Sandler on September 28, 2022. The 3 most-recent analyst ratings were released by Piper Sandler, Piper Sandler, and Raymond James on November 26, 2024, October 30, 2024, and October 29, 2024, respectively. With an average price target of $51.83 between Piper Sandler, Piper Sandler, and Raymond James, there's an implied 43.38% upside for Merchants Bancorp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Merchants Bancorp (NASDAQ:MBIN) was reported by Piper Sandler on November 26, 2024. The analyst firm set a price target for $52.50 expecting MBIN to rise to within 12 months (a possible 45.23% upside). 9 analyst firms have reported ratings in the last year.
The latest analyst rating for Merchants Bancorp (NASDAQ:MBIN) was provided by Piper Sandler, and Merchants Bancorp maintained their overweight rating.
There is no last upgrade for Merchants Bancorp
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.
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 November 26, 2024 so you should expect the next rating to be made available sometime around November 26, 2025.
While ratings are subjective and will change, the latest Merchants Bancorp (MBIN) rating was a maintained with a price target of $48.00 to $52.50. The current price Merchants Bancorp (MBIN) is trading at is $36.15, which is out of the analyst’s predicted range.
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