$39.18
0.48% yesterday
Nasdaq, May 20, 10:00 pm CET
ISIN
US3208171096
Symbol
FRME
Sector
Industry

First Merchants Corporation Target price 2025 - Analyst rating & recommendation

First Merchants Corporation Classifications & Recommendation:

Buy
83%
Hold
17%

First Merchants Corporation Price Target

Target Price $45.17
Price $39.18
Potential
Number of Estimates 6
6 Analysts have issued a price target First Merchants Corporation 2026 . The average First Merchants Corporation target price is $45.17. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 6 analysts: 5 Analysts recommend First Merchants Corporation to buy, 1 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 2026 of . Most analysts recommend the First Merchants Corporation stock at Purchase.

Sales and Margin forecast 2025, 2026 & 2027

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Quarter Annually
Dec '24 2025
Estimates
Revenue Million $ 1,051.53 689.72
5.56% 34.41%
Net Margin 18.75% 31.86%
13.39% 69.95%

5 Analysts have issued a sales forecast First Merchants Corporation 2025 . The average First Merchants Corporation sales estimate is

$690m
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. This is
33.78% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$693m 33.49%
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, the lowest is
$686m 34.13%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $1.1b 5.56%
2025
$690m 34.41%
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2026
$724m 5.03%
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6 First Merchants Corporation Analysts have issued a net profit forecast 2025. The average First Merchants Corporation net profit estimate is

$220m
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. This is
7.09% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$230m 12.11%
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, the lowest is
$212m 3.38%
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.

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

Net Profit Estimates

2024 $197m 8.58%
2025
$220m 11.48%
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2026
$232m 5.66%
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Net Margin

2024 18.75% 13.39%
2025
31.86% 69.95%
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2026
32.05% 0.60%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 & 2027

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Quarter Annually
Dec '24 2025
Estimates
Earnings Per Share $ 3.41 3.80
8.58% 11.44%
P/E 10.31
EV/Sales 5.17

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

$3.80
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. This is
7.04% higher
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than earnings per share in the financial year 2024. The highest EPS forecast is
$3.98 12.11%
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, the lowest is
$3.67 3.38%
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.

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

Earnings Per Share

2024 $3.41 8.58%
2025
$3.80 11.44%
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2026
$4.02 5.79%
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P/E ratio

Current 11.03 6.67%
2025
10.31 6.53%
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2026
9.75 5.43%
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Based on analysts' sales estimates for 2025, 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 3.42 21.71%
2025
5.17 51.20%
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2026
4.92 4.79%
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P/S ratio

Current 2.19 7.46%
2025
3.31 51.00%
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2026
3.15 4.79%
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Current First Merchants Corporation Upgrades & Downgrades

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Analyst Rating Action Date
Piper Sandler
Locked
Locked
Locked Apr 28 2025
Keefe, Bruyette & Woods
Locked
Locked
Locked Apr 25 2025
Raymond James
Locked
Locked
Locked Apr 02 2025
Keefe, Bruyette & Woods
Locked
Locked
Locked Jan 31 2025
Piper Sandler
Locked
Locked
Locked Jan 31 2025
Raymond James
Locked
Locked
Locked Jan 31 2025
Keefe, Bruyette & Woods
Locked
Locked
Locked Dec 04 2024
Analyst Rating Date
Locked
Piper Sandler:
Locked
Locked
Apr 28 2025
Locked
Keefe, Bruyette & Woods:
Locked
Locked
Apr 25 2025
Locked
Raymond James:
Locked
Locked
Apr 02 2025
Locked
Keefe, Bruyette & Woods:
Locked
Locked
Jan 31 2025
Locked
Piper Sandler:
Locked
Locked
Jan 31 2025
Locked
Raymond James:
Locked
Locked
Jan 31 2025
Locked
Keefe, Bruyette & Woods:
Locked
Locked
Dec 04 2024

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