Merck Forecast, price target & analysts
Merck Target price 2025 - Analyst rating & recommendation
Merck Classifications & Recommendation:
Merck Price Target
| Target Price | €156.06 |
| Price | €112.15 |
| Potential | 39.15% |
| Number of Estimates | 21 |
| 21 Analysts have issued a price target Merck 2026 . The average Merck target price is €156.06. This is 39.15% higher than the current stock price. The highest price target is €200.55 78.82% , the lowest is €101.00 9.94% . | |
| A rating was issued by 24 analysts: 18 Analysts recommend Merck to buy, 3 to hold and 3 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 stock has an average upside potential 2026 of 39.15% . Most analysts recommend the Merck stock at Purchase. |
Sales and Margin forecast 2025, 2026 to 2032
21 Analysts have issued a sales forecast Merck 2025 . The average Merck sales estimate is €21.8b . This is 2.52% higher than the revenue of the last 12 months(TTM). The highest sales forecast is €23.4b 10.23% , the lowest is €20.7b 2.56% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | €21.2b | 0.78% |
|---|---|---|
| 2025 | €21.8b | 2.82% |
| 2026 | €22.6b | 3.92% |
| 2027 | €23.4b | 3.40% |
| 2028 | €23.9b | 2.33% |
| 2029 | €25.0b | 4.50% |
| 2030 | €25.1b | 0.48% |
| 2031 | €25.4b | 0.98% |
| 2032 | €27.4b | 8.11% |
19 Analysts have issued an Merck EBITDA forecast 2025. The average Merck EBITDA estimate is €6.2b . This is 8.33% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is €7.2b 25.26% , the lowest is €5.6b 2.33% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | €4.9b | 3.42% |
|---|---|---|
| 2025 | €6.2b | 26.53% |
| 2026 | €6.7b | 7.05% |
| 2027 | €7.0b | 4.37% |
| 2028 | €7.1b | 2.21% |
| 2029 | €7.5b | 4.63% |
| 2030 | €7.7b | 3.86% |
| 2031 | €7.7b | 0.67% |
| 2032 | €7.9b | 2.17% |
EBITDA Margin
| 2024 | 23.31% | 2.62% |
|---|---|---|
| 2025 | 28.68% | 23.05% |
| 2026 | 29.55% | 3.03% |
| 2027 | 29.82% | 0.91% |
| 2028 | 29.79% | 0.10% |
| 2029 | 29.82% | 0.10% |
| 2030 | 30.83% | 3.39% |
| 2031 | 30.32% | 1.65% |
| 2032 | 28.66% | 5.47% |
19 Merck Analysts have issued a net profit forecast 2025. The average Merck net profit estimate is €4.1b . This is 42.05% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is €4.6b 59.51% , the lowest is €3.6b 24.31% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | €2.8b | 1.66% |
|---|---|---|
| 2025 | €4.1b | 46.40% |
| 2026 | €4.5b | 9.48% |
| 2027 | €4.7b | 5.80% |
| 2028 | €4.6b | 1.82% |
| 2029 | €5.0b | 7.13% |
| 2030 | €4.9b | 0.96% |
| 2031 | €5.2b | 7.00% |
| 2032 | €5.4b | 2.04% |
Net Margin
| 2024 | 13.13% | 2.42% |
|---|---|---|
| 2025 | 18.69% | 42.39% |
| 2026 | 19.69% | 5.35% |
| 2027 | 20.14% | 2.29% |
| 2028 | 19.33% | 4.02% |
| 2029 | 19.81% | 2.48% |
| 2030 | 19.53% | 1.41% |
| 2031 | 20.69% | 5.94% |
| 2032 | 19.53% | 5.61% |
Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2032
19 Analysts have issued a Merck forecast for earnings per share. The average Merck EPS is €9.35 . This is 42.10% higher than earnings per share in the financial year 2024. The highest EPS forecast is €10.50 59.57% , the lowest is €8.18 24.32% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | €6.39 | 1.69% |
|---|---|---|
| 2025 | €9.35 | 46.32% |
| 2026 | €10.24 | 9.52% |
| 2027 | €10.83 | 5.76% |
| 2028 | €10.63 | 1.85% |
| 2029 | €11.39 | 7.15% |
| 2030 | €11.28 | 0.97% |
| 2031 | €12.07 | 7.00% |
| 2032 | €12.32 | 2.07% |
P/E ratio
| Current | 17.04 | 38.46% |
|---|---|---|
| 2025 | 11.99 | 29.65% |
| 2026 | 10.96 | 8.59% |
| 2027 | 10.36 | 5.47% |
| 2028 | 10.55 | 1.83% |
| 2029 | 9.85 | 6.64% |
| 2030 | 9.94 | 0.91% |
| 2031 | 9.29 | 6.54% |
| 2032 | 9.10 | 2.05% |
Based on analysts' sales estimates for 2025, the Merck stock is valued at an EV/Sales of 2.57 and an P/S ratio of 2.21 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 2.63 | 32.04% |
|---|---|---|
| 2025 | 2.57 | 2.40% |
| 2026 | 2.47 | 3.77% |
| 2027 | 2.39 | 3.29% |
| 2028 | 2.33 | 2.28% |
| 2029 | 2.23 | 4.31% |
| 2030 | 2.22 | 0.47% |
| 2031 | 2.20 | 0.98% |
| 2032 | 2.04 | 7.50% |
P/S ratio
| Current | 2.26 | 35.14% |
|---|---|---|
| 2025 | 2.21 | 2.45% |
| 2026 | 2.13 | 3.78% |
| 2027 | 2.06 | 3.29% |
| 2028 | 2.01 | 2.28% |
| 2029 | 1.92 | 4.31% |
| 2030 | 1.91 | 0.47% |
| 2031 | 1.89 | 0.98% |
| 2032 | 1.75 | 7.50% |
Current Merck Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| JEFFERIES |
Buy
➜
Buy
|
Unchanged | Jun 24 2025 |
| EQUITA SIM |
Buy
➜
Buy
|
Unchanged | Jun 02 2025 |
| HSBC |
Buy
➜
Buy
|
Unchanged | May 25 2025 |
| LANDESBANK BADEN-WUERTTEMBERG |
Buy
➜
Buy
|
Unchanged | May 20 2025 |
| ROTHSCHILD & CO REDBURN |
Buy
➜
Buy
|
Unchanged | May 15 2025 |
| DZ BANK |
Buy
➜
Buy
|
Unchanged | May 15 2025 |
| ODDO BHF |
Buy
➜
Buy
|
Unchanged | May 14 2025 |
| Analyst Rating | Date |
|---|---|
|
Unchanged
JEFFERIES:
Buy
➜
Buy
|
Jun 24 2025 |
|
Unchanged
EQUITA SIM:
Buy
➜
Buy
|
Jun 02 2025 |
|
Unchanged
HSBC:
Buy
➜
Buy
|
May 25 2025 |
|
Unchanged
LANDESBANK BADEN-WUERTTEMBERG:
Buy
➜
Buy
|
May 20 2025 |
|
Unchanged
ROTHSCHILD & CO REDBURN:
Buy
➜
Buy
|
May 15 2025 |
|
Unchanged
DZ BANK:
Buy
➜
Buy
|
May 15 2025 |
|
Unchanged
ODDO BHF:
Buy
➜
Buy
|
May 14 2025 |
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