Merck & Co. Forecast, price target & analysts
Merck & Co. Target price 2025 - Analyst rating & recommendation
Merck & Co. Classifications & Recommendation:
Merck & Co. Price Target
| Target Price | $104.04 |
| Price | $106.45 |
| Deviation | 2.26% |
| Number of Estimates | 28 |
| 28 Analysts have issued a price target Merck & Co. 2026 . The average Merck & Co. target price is $104.04. This is 2.26% lower than the current stock price. The highest price target is $145.95 37.11% , the lowest is $82.82 22.20% . | |
| A rating was issued by 34 analysts: 21 Analysts recommend Merck & Co. to buy, 13 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 Merck & Co. stock has an average upside potential 2026 of 2.26% . Most analysts recommend the Merck & Co. stock at Purchase. |
Sales and Margin forecast 2025, 2026 to 2032
29 Analysts have issued a sales forecast Merck & Co. 2025 . The average Merck & Co. sales estimate is $65.4b . This is 1.88% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $68.4b 6.45% , the lowest is $63.0b 1.90% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | $64.2b | 6.74% |
|---|---|---|
| 2025 | $65.4b | 1.98% |
| 2026 | $68.7b | 4.94% |
| 2027 | $72.4b | 5.41% |
| 2028 | $74.8b | 3.29% |
| 2029 | $72.7b | 2.71% |
| 2030 | $71.4b | 1.88% |
| 2031 | $69.7b | 2.34% |
| 2032 | $69.2b | 0.79% |
15 Analysts have issued an Merck & Co. EBITDA forecast 2025. The average Merck & Co. EBITDA estimate is $29.9b . This is 3.11% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $33.4b 15.11% , the lowest is $26.9b 7.22% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | $28.8b | 15.05% |
|---|---|---|
| 2025 | $29.9b | 3.95% |
| 2026 | $31.9b | 6.67% |
| 2027 | $34.4b | 7.88% |
| 2028 | $38.1b | 10.68% |
| 2029 | $35.9b | 5.90% |
| 2030 | $31.2b | 13.12% |
| 2031 | $28.7b | 8.07% |
| 2032 | $26.9b | 5.96% |
EBITDA Margin
| 2024 | 44.87% | 7.78% |
|---|---|---|
| 2025 | 45.74% | 1.93% |
| 2026 | 46.49% | 1.64% |
| 2027 | 47.58% | 2.34% |
| 2028 | 50.98% | 7.15% |
| 2029 | 49.31% | 3.28% |
| 2030 | 43.66% | 11.46% |
| 2031 | 41.10% | 5.86% |
| 2032 | 38.96% | 5.21% |
29 Merck & Co. Analysts have issued a net profit forecast 2025. The average Merck & Co. net profit estimate is $22.5b . This is 18.42% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is $23.8b 25.14% , the lowest is $21.7b 13.91% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | $17.1b | 4,589.59% |
|---|---|---|
| 2025 | $22.5b | 31.69% |
| 2026 | $23.0b | 1.94% |
| 2027 | $25.9b | 12.72% |
| 2028 | $26.9b | 3.98% |
| 2029 | $25.3b | 5.92% |
| 2030 | $24.0b | 5.10% |
| 2031 | $23.1b | 3.75% |
| 2032 | $23.7b | 2.61% |
Net Margin
| 2024 | 26.68% | 4,293.38% |
|---|---|---|
| 2025 | 34.44% | 29.11% |
| 2026 | 33.46% | 2.85% |
| 2027 | 35.78% | 6.93% |
| 2028 | 36.02% | 0.67% |
| 2029 | 34.83% | 3.30% |
| 2030 | 33.69% | 3.27% |
| 2031 | 33.20% | 1.45% |
| 2032 | 34.34% | 3.43% |
Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2032
29 Analysts have issued a Merck & Co. forecast for earnings per share. The average Merck & Co. EPS is $9.06 . This is 19.05% higher than earnings per share in the financial year 2024. The highest EPS forecast is $9.58 25.89% , the lowest is $8.72 14.59% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | $6.74 | 4,714.29% |
|---|---|---|
| 2025 | $9.06 | 34.42% |
| 2026 | $9.24 | 1.99% |
| 2027 | $10.41 | 12.66% |
| 2028 | $10.83 | 4.03% |
| 2029 | $10.19 | 5.91% |
| 2030 | $9.67 | 5.10% |
| 2031 | $9.30 | 3.83% |
| 2032 | $9.55 | 2.69% |
P/E ratio
| Current | 13.99 | 31.81% |
|---|---|---|
| 2025 | 11.75 | 16.00% |
| 2026 | 11.52 | 1.96% |
| 2027 | 10.22 | 11.28% |
| 2028 | 9.83 | 3.82% |
| 2029 | 10.45 | 6.31% |
| 2030 | 11.01 | 5.36% |
| 2031 | 11.44 | 3.91% |
| 2032 | 11.15 | 2.53% |
Based on analysts' sales estimates for 2025, the Merck & Co. stock is valued at an EV/Sales of 4.39 and an P/S ratio of 4.04 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 4.47 | 3.95% |
|---|---|---|
| 2025 | 4.39 | 1.76% |
| 2026 | 4.18 | 4.71% |
| 2027 | 3.97 | 5.13% |
| 2028 | 3.84 | 3.19% |
| 2029 | 3.95 | 2.79% |
| 2030 | 4.03 | 1.91% |
| 2031 | 4.12 | 2.40% |
| 2032 | 4.16 | 0.79% |
P/S ratio
| Current | 4.11 | 4.76% |
|---|---|---|
| 2025 | 4.04 | 1.84% |
| 2026 | 3.85 | 4.71% |
| 2027 | 3.65 | 5.13% |
| 2028 | 3.53 | 3.19% |
| 2029 | 3.63 | 2.79% |
| 2030 | 3.70 | 1.91% |
| 2031 | 3.79 | 2.40% |
| 2032 | 3.82 | 0.79% |
Current Merck & Co. Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| BMO Capital |
Market Perform
➜
Outperform
|
Upgrade | Dec 18 2025 |
| B of A Securities |
Buy
➜
Buy
|
Unchanged | Dec 15 2025 |
| Morgan Stanley |
Equal-Weight
➜
Equal-Weight
|
Unchanged | Dec 12 2025 |
| Scotiabank |
Sector Outperform
➜
Sector Outperform
|
Unchanged | Dec 04 2025 |
| Goldman Sachs |
Buy
➜
Buy
|
Unchanged | Dec 02 2025 |
| Wells Fargo |
Equal-Weight
➜
Overweight
|
Upgrade | Nov 24 2025 |
| Deutsche Bank |
Hold
➜
Hold
|
Unchanged | Nov 18 2025 |
| Analyst Rating | Date |
|---|---|
|
Upgrade
BMO Capital:
Market Perform
➜
Outperform
|
Dec 18 2025 |
|
Unchanged
B of A Securities:
Buy
➜
Buy
|
Dec 15 2025 |
|
Unchanged
Morgan Stanley:
Equal-Weight
➜
Equal-Weight
|
Dec 12 2025 |
|
Unchanged
Scotiabank:
Sector Outperform
➜
Sector Outperform
|
Dec 04 2025 |
|
Unchanged
Goldman Sachs:
Buy
➜
Buy
|
Dec 02 2025 |
|
Upgrade
Wells Fargo:
Equal-Weight
➜
Overweight
|
Nov 24 2025 |
|
Unchanged
Deutsche Bank:
Hold
➜
Hold
|
Nov 18 2025 |
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