Merck Forecast, price target & analysts
Merck Target price 2025 - Analyst rating & recommendation
Merck Classifications & Recommendation:
Merck Price Target
| Target Price | €143.82 |
| Price | €119.40 |
| Potential | 20.45% |
| Number of Estimates | 20 |
| 20 Analysts have issued a price target Merck 2026 . The average Merck target price is €143.82. This is 20.45% higher than the current stock price. The highest price target is €195.30 63.57% , the lowest is €101.00 15.41% . | |
| 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 20.45% . 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 0.70% higher than the revenue of the last 12 months(TTM). The highest sales forecast is €23.4b 9.96% , the lowest is €20.4b 3.91% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | €21.2b | 0.78% |
|---|---|---|
| 2025 | €21.4b | 1.25% |
| 2026 | €22.0b | 2.69% |
| 2027 | €22.8b | 3.71% |
| 2028 | €23.7b | 4.01% |
| 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 | 28.68% | 23.05% |
| 2026 | 29.27% | 2.06% |
| 2027 | 29.60% | 1.13% |
| 2028 | 29.05% | 1.86% |
| 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 24.70% 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 | 32.69% |
| 2026 | €3.8b | 3.96% |
| 2027 | €4.0b | 4.59% |
| 2028 | €4.3b | 7.13% |
| 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 | 17.20% | 31.03% |
| 2026 | 17.42% | 1.28% |
| 2027 | 17.56% | 0.80% |
| 2028 | 18.09% | 3.02% |
| 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 €8.48 . This is 24.89% 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 | €8.48 | 32.71% |
| 2026 | €8.81 | 3.89% |
| 2027 | €9.22 | 4.65% |
| 2028 | €9.87 | 7.05% |
| 2029 | €10.79 | 9.32% |
| 2030 | €11.85 | 9.82% |
| 2031 | €12.52 | 5.65% |
| 2032 | €12.85 | 2.64% |
P/E ratio
| Current | 17.66 | 22.56% |
|---|---|---|
| 2025 | 14.15 | 19.87% |
| 2026 | 13.61 | 3.82% |
| 2027 | 13.01 | 4.41% |
| 2028 | 12.14 | 6.69% |
| 2029 | 11.11 | 8.48% |
| 2030 | 10.12 | 8.91% |
| 2031 | 9.58 | 5.34% |
| 2032 | 9.33 | 2.61% |
Based on analysts' sales estimates for 2025, the Merck stock is valued at an EV/Sales of 2.80 and an P/S ratio of 2.37 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 2.82 | 14.29% |
|---|---|---|
| 2025 | 2.80 | 0.79% |
| 2026 | 2.72 | 2.62% |
| 2027 | 2.63 | 3.58% |
| 2028 | 2.53 | 3.86% |
| 2029 | 2.40 | 4.92% |
| 2030 | 2.34 | 2.40% |
| 2031 | 2.34 | 0.06% |
| 2032 | 2.28 | 2.82% |
P/S ratio
| Current | 2.39 | 18.57% |
|---|---|---|
| 2025 | 2.37 | 0.70% |
| 2026 | 2.31 | 2.62% |
| 2027 | 2.23 | 3.58% |
| 2028 | 2.14 | 3.86% |
| 2029 | 2.03 | 4.92% |
| 2030 | 1.99 | 2.40% |
| 2031 | 1.99 | 0.06% |
| 2032 | 1.93 | 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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