First Merchants Corporation (FRME) Stock Forecast & Price Target
First Merchants Corporation · NASDAQ
$40.71-0.46 (-1.12%)
15-min delayed · Sep 9, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 4 firms covering First Merchants Corporation, 2 rate it Buy or better, 2 sit at Hold, and 0 rate it Sell or worse, a moderate buy consensus. Targets are tightly clustered, $46.00 to $51.00, so the covering firms are broadly aligned. The average target of $49.00 sits 20% above the current $40.71. The rating mix has stayed broadly stable, with Buy-side ratings easing from 2 to 1 over recent months. On the fundamentals, the Street sees consensus EPS building from about $1.05 next quarter toward $4.48 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS4 ratings
Moderate Buy
Strong Buy00%
Buy250%
Hold250%
Sell00%
Strong Sell00%
Based on 4 analysts giving stock ratings to First Merchants Corporation.
As of Sep, 1 of 1 firms rate FRME a Buy (0 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
FRME EPS & revenue forecast
EPS · NEXT QUARTER
$1.05
Range $0.96 – $1.10 · 6 analysts · +7% YoY
Next period, 6 analysts expect First Merchants Corporation to earn $1.05 a share (range $0.96 – $1.10), versus $0.98 a year earlier. Full-year consensus is $3.86, growing to $4.48 the year after.
REVENUE · NEXT QUARTER
$206.2M
Range $204.3M – $208.0M · 6 analysts · +16% YoY
Revenue is expected to reach $206.2M (range $204.3M – $208.0M), +15.6% year-over-year. Full-year consensus is $805.8M, rising to $846.5M next year.
Top analysts covering First Merchants Corporation
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on FRME.
#1
Nathan Race
Piper Sandler · Rank #39
Buy
$51.00+25.3% to target
Overall win rate
57%
+ Follow
#2
Daniel Tamayo
Raymond James · Rank #155
Hold
No targeton FRME
Overall win rate
43%
+ Follow
#3
DD
Damon Delmonte
Keefe, Bruyette & Woods · Rank #156
Buy
$50.00+22.8% to target
Overall win rate
47%
+ Follow
#4
Terry McEvoy
Stephens & Co. · Rank #258
Hold
$46.00+13.0% to target
Overall win rate
39%
+ Follow
FRME stock forecast FAQ
What is FRME's average 12-month price target?+
The 3 analysts with a live target average $49.00 for First Merchants Corporation over the next 12 months, ranging from a $51.00 high to a $46.00 low.
Is FRME stock a Buy, Sell or Hold right now?+
The current consensus is Moderate Buy. Of the 4 analyst ratings, 2 are Buy or Strong Buy, 2 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for FRME?+
The Street-high target is $51.00 (Piper Sandler), and the Street-low is $46.00 (Stephens & Co.). The average of all 3 active targets is $49.00.
How many Wall Street analysts cover FRME?+
4 analysts have an active rating on First Merchants Corporation, and 3 firms carry a live 12-month price target.
Who is the most accurate analyst covering FRME?+
Among analysts who currently cover FRME, Nathan Race of Piper Sandler has the strongest overall Quantellect track record (Rank #39). Their current call is Buy with a $51.00 target.
What is First Merchants Corporation's projected EPS for next quarter?+
The consensus estimate is $1.05 per share (range $0.96 – $1.10) across 6 analysts. Full-year EPS is projected at $3.86, rising to $4.48 the following year.
How much revenue is First Merchants Corporation expected to report next quarter?+
Consensus revenue is $206.2M (range $204.3M – $208.0M). Full-year revenue is projected at $805.8M, growing to $846.5M next year.
Have analysts been upgrading or downgrading FRME lately?+
As of Sep, 1 of 1 firms rate FRME a Buy (0 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their FRME calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
