Merck Forecast, price target & analysts
Merck Target price 2025 - Analyst rating & recommendation
Merck Classifications & Recommendation:
Merck Price Target
| Target Price | €141.27 |
| Price | €117.85 |
| Potential | 19.87% |
| Number of Estimates | 20 |
| 20 Analysts have issued a price target Merck 2026 . The average Merck target price is €141.27. This is 19.87% higher than the current stock price. The highest price target is €195.30 65.72% , the lowest is €101.00 14.30% . | |
| A rating was issued by 24 analysts: 17 Analysts recommend Merck to buy, 4 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 19.87% . Most analysts recommend the Merck stock at Purchase. |
Sales and Margin forecast 2025, 2026 to 2032
20 Analysts have issued a sales forecast Merck 2025 . The average Merck sales estimate is €21.4b . This is 0.74% higher than the revenue of the last 12 months(TTM). The highest sales forecast is €23.4b 9.96% , the lowest is €20.6b 3.23% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | €21.2b | 0.78% |
|---|---|---|
| 2025 | €21.4b | 1.29% |
| 2026 | €21.8b | 1.89% |
| 2027 | €22.7b | 4.03% |
| 2028 | €23.7b | 4.48% |
| 2029 | €25.0b | 5.18% |
| 2030 | €25.6b | 2.46% |
| 2031 | €25.6b | 0.06% |
| 2032 | €26.3b | 2.91% |
19 Analysts have issued an Merck EBITDA forecast 2025. The average Merck EBITDA estimate is €6.1b . This is 4.47% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is €7.2b 22.67% , the lowest is €5.6b 4.05% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | €4.9b | 3.42% |
|---|---|---|
| 2025 | €6.1b | 24.60% |
| 2026 | €6.4b | 4.79% |
| 2027 | €6.8b | 4.88% |
| 2028 | €6.9b | 2.09% |
| 2029 | €7.4b | 6.95% |
| 2030 | €7.8b | 6.24% |
| 2031 | €8.1b | 3.55% |
| 2032 | €8.3b | 2.74% |
EBITDA Margin
| 2024 | 23.31% | 2.62% |
|---|---|---|
| 2025 | 28.67% | 23.01% |
| 2026 | 29.49% | 2.86% |
| 2027 | 29.73% | 0.81% |
| 2028 | 29.05% | 2.29% |
| 2029 | 29.54% | 1.69% |
| 2030 | 30.63% | 3.69% |
| 2031 | 31.73% | 3.59% |
| 2032 | 31.68% | 0.16% |
20 Merck Analysts have issued a net profit forecast 2025. The average Merck net profit estimate is €3.7b . This is 25.17% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is €4.6b 54.49% , the lowest is €3.4b 16.07% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | €2.8b | 1.66% |
|---|---|---|
| 2025 | €3.7b | 33.19% |
| 2026 | €3.7b | 1.32% |
| 2027 | €4.0b | 5.58% |
| 2028 | €4.3b | 8.49% |
| 2029 | €4.7b | 9.27% |
| 2030 | €5.2b | 9.86% |
| 2031 | €5.4b | 5.63% |
| 2032 | €5.6b | 2.67% |
Net Margin
| 2024 | 13.13% | 2.42% |
|---|---|---|
| 2025 | 17.26% | 31.49% |
| 2026 | 17.17% | 0.52% |
| 2027 | 17.42% | 1.46% |
| 2028 | 18.09% | 3.85% |
| 2029 | 18.80% | 3.92% |
| 2030 | 20.15% | 7.18% |
| 2031 | 21.30% | 5.71% |
| 2032 | 21.25% | 0.23% |
Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2032
20 Analysts have issued a Merck forecast for earnings per share. The average Merck EPS is €8.51 . This is 25.33% higher than earnings per share in the financial year 2024. The highest EPS forecast is €10.50 54.64% , the lowest is €7.89 16.20% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | €6.39 | 1.69% |
|---|---|---|
| 2025 | €8.51 | 33.18% |
| 2026 | €8.62 | 1.29% |
| 2027 | €9.10 | 5.57% |
| 2028 | €9.87 | 8.46% |
| 2029 | €10.79 | 9.32% |
| 2030 | €11.85 | 9.82% |
| 2031 | €12.52 | 5.65% |
| 2032 | €12.85 | 2.64% |
P/E ratio
| Current | 17.36 | 22.87% |
|---|---|---|
| 2025 | 13.85 | 20.20% |
| 2026 | 13.67 | 1.30% |
| 2027 | 12.95 | 5.27% |
| 2028 | 11.94 | 7.80% |
| 2029 | 10.92 | 8.54% |
| 2030 | 9.94 | 8.97% |
| 2031 | 9.41 | 5.33% |
| 2032 | 9.17 | 2.55% |
Based on analysts' sales estimates for 2025, the Merck stock is valued at an EV/Sales of 2.84 and an P/S ratio of 2.42 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 2.87 | 11.96% |
|---|---|---|
| 2025 | 2.84 | 0.89% |
| 2026 | 2.79 | 1.85% |
| 2027 | 2.68 | 3.87% |
| 2028 | 2.57 | 4.29% |
| 2029 | 2.44 | 4.92% |
| 2030 | 2.38 | 2.41% |
| 2031 | 2.38 | 0.06% |
| 2032 | 2.32 | 2.83% |
P/S ratio
| Current | 2.43 | 16.01% |
|---|---|---|
| 2025 | 2.42 | 0.73% |
| 2026 | 2.37 | 1.85% |
| 2027 | 2.28 | 3.87% |
| 2028 | 2.18 | 4.29% |
| 2029 | 2.07 | 4.92% |
| 2030 | 2.03 | 2.40% |
| 2031 | 2.03 | 0.06% |
| 2032 | 1.97 | 2.82% |
Current Merck Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| EQUITA SIM |
Buy
➜
Buy
|
Unchanged | Aug 29 2025 |
| LANDESBANK BADEN-WUERTTEMBERG |
Buy
➜
Buy
|
Unchanged | Aug 29 2025 |
| HSBC GLOBAL INVESTMENT RESEARCH |
Buy
➜
Buy
|
Unchanged | Aug 25 2025 |
| STIFEL EUROPE |
Buy
➜
Sell
|
Downgrade | Aug 15 2025 |
| ODDO BHF |
Buy
➜
Buy
|
Unchanged | Aug 13 2025 |
| ROTHSCHILD & CO REDBURN |
Buy
➜
Buy
|
Unchanged | Aug 12 2025 |
| DZ BANK |
Buy
➜
Buy
|
Unchanged | Aug 11 2025 |
| Analyst Rating | Date |
|---|---|
|
Unchanged
EQUITA SIM:
Buy
➜
Buy
|
Aug 29 2025 |
|
Unchanged
LANDESBANK BADEN-WUERTTEMBERG:
Buy
➜
Buy
|
Aug 29 2025 |
|
Unchanged
HSBC GLOBAL INVESTMENT RESEARCH:
Buy
➜
Buy
|
Aug 25 2025 |
|
Downgrade
STIFEL EUROPE:
Buy
➜
Sell
|
Aug 15 2025 |
|
Unchanged
ODDO BHF:
Buy
➜
Buy
|
Aug 13 2025 |
|
Unchanged
ROTHSCHILD & CO REDBURN:
Buy
➜
Buy
|
Aug 12 2025 |
|
Unchanged
DZ BANK:
Buy
➜
Buy
|
Aug 11 2025 |
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