$40.71
0.56%
Nasdaq, Sep 25, 04:00 pm EDT. Closed.
ISIN
US3208171096
Symbol
FRME
Sector
Industry

First Merchants Corporation Target price 2026 - Analyst rating & recommendation

First Merchants Corporation Classifications & Recommendation

Buy
75%
Hold
25%

First Merchants Corporation Price Target

Target Price $49.98
Price $40.71
Potential
Number of Estimates 7
7 Analysts have issued a price target First Merchants Corporation 2027 . The average First Merchants Corporation target price is $49.98. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 12 analysts: 9 Analysts recommend First Merchants Corporation to buy, 3 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the First Merchants Corporation stock has an average upside potential 2027 of . Most analysts recommend the First Merchants Corporation stock at Purchase.

Sales and Margin forecast 2026, 2027 & 2028

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Select at least one metric to display the chart.


Quarter Annually
Dec '25 2026
Estimates
Revenue Million $ 662.95 822.19
2.51% 24.02%
Net Margin 33.81% 29.76%
9.57% 11.97%

7 Analysts have issued a sales forecast First Merchants Corporation 2026 . The average First Merchants Corporation sales estimate is

$822m
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. This is
18.89% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$852m 23.14%
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, the lowest is
$787m 13.84%
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.

This results in the following potential growth metrics:

Revenue Estimates

2025 $663m 2.51%
2026
$822m 24.02%
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2027
$863m 4.98%
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8 First Merchants Corporation Analysts have issued a net profit forecast 2026. The average First Merchants Corporation net profit estimate is

$245m
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. This is
32.91% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$259m 40.51%
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, the lowest is
$229m 24.19%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2025 $224m 12.33%
2026
$245m 9.17%
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2027
$285m 16.50%
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Net Margin

2025 33.81% 9.57%
2026
29.76% 11.97%
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2027
33.02% 10.95%
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Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 & 2028

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Select at least one metric to display the chart.


Dec '25 2026
Estimates
Earnings Per Share $ 3.88 3.93
13.78% 1.29%
P/E 10.35
EV/Sales 3.34

8 Analysts have issued a First Merchants Corporation forecast for earnings per share. The average First Merchants Corporation EPS is

$3.93
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. This is
33.67% higher
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than earnings per share in the financial year 2025. The highest EPS forecast is
$4.16 41.50%
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, the lowest is
$3.68 25.17%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2025 $3.88 13.78%
2026
$3.93 1.29%
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2027
$4.58 16.54%
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P/E ratio

Current 13.85 32.97%
2026
10.35 25.25%
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2027
8.89 14.11%
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Based on analysts' sales estimates for 2026, the First Merchants Corporation stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 3.97 0.76%
2026
3.34 15.86%
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2027
3.18 4.75%
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P/S ratio

Current 3.70 4.51%
2026
3.11 15.89%
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2027
2.96 4.75%
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Current First Merchants Corporation Upgrades & Downgrades

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Analyst Rating Action Date
Piper Sandler
Locked
➜
Locked
Locked Jun 26 2026
Piper Sandler
Locked
➜
Locked
Locked Feb 04 2026
Piper Sandler
Locked
➜
Locked
Locked Oct 27 2025
Stephens & Co.
Locked
➜
Locked
Locked Sep 29 2025
Keefe, Bruyette & Woods
Locked
➜
Locked
Locked Sep 26 2025
Raymond James
Locked
➜
Locked
Locked Sep 26 2025
Piper Sandler
Locked
➜
Locked
Locked Jul 28 2025
Analyst Rating Date
Locked
Piper Sandler:
Locked
➜
Locked
Jun 26 2026
Locked
Piper Sandler:
Locked
➜
Locked
Feb 04 2026
Locked
Piper Sandler:
Locked
➜
Locked
Oct 27 2025
Locked
Stephens & Co.:
Locked
➜
Locked
Sep 29 2025
Locked
Keefe, Bruyette & Woods:
Locked
➜
Locked
Sep 26 2025
Locked
Raymond James:
Locked
➜
Locked
Sep 26 2025
Locked
Piper Sandler:
Locked
➜
Locked
Jul 28 2025

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