First Merchants Corp FRME
$42.02
-2.80%
at last close
Analyst Consensus
- Consensus Rating
- Moderate Buy (2 Buy · 2 Hold · 0 Sell)
- Average Price Target
- $49.00
- Implied Upside
- +16.6%
- Price Target Range
- $46.00 – $51.00
- Analysts (12 mo)
- 4
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-06-26 | Piper SandlerNathan Race |
Maintains | Overweight | $49 → $51 |
| 2026-02-04 | Piper SandlerNathan Race |
Maintains | Overweight | $46 → $49 |
| 2025-10-27 | Piper SandlerNathan Race |
Maintains | Overweight | $48 → $46 |
| 2025-09-29 | Stephens & Co.Terry McEvoy |
Reiterates | Equal-weight | $46 |
| 2025-09-26 | Raymond JamesDaniel Tamayo |
Downgrades | Outperform → Market perform | — |
| 2025-09-26 | Keefe, Bruyette & WoodsDamon Delmonte |
Maintains | Outperform | $49 → $50 |
| 2025-07-28 | Piper SandlerNathan Race |
Maintains | Overweight | $49 → $48 |
| 2025-04-28 | Piper SandlerNathan Race |
Maintains | Overweight | $55 → $49 |
| 2025-04-25 | Keefe, Bruyette & WoodsDamon Delmonte |
Maintains | Outperform | $52 → $49 |
| 2025-04-02 | Raymond JamesDaniel Tamayo |
Maintains | Outperform | $50 → $46 |
| 2025-01-31 | Keefe, Bruyette & WoodsDamon Delmonte |
Maintains | Outperform | $50 → $52 |
| 2025-01-31 | Raymond JamesDaniel Tamayo |
Reiterates | Outperform | $42 → $50 |
| 2025-01-31 | Piper SandlerNathan Race |
Reiterates | Overweight | $52 → $55 |
| 2024-12-04 | Keefe, Bruyette & WoodsDamon Delmonte |
Maintains | Outperform | $43 → $50 |
| 2024-10-28 | Piper SandlerNathan Race |
Maintains | Overweight | $50 → $47 |
| 2024-08-28 | Keefe, Bruyette & WoodsDamon Delmonte |
Maintains | Outperform | $45 |
| 2024-08-07 | Stephens & Co.Terry McEvoy |
Downgrades | Overweight → Equal-weight | $45 → $38 |
| 2024-07-29 | Keefe, Bruyette & WoodsDamon Delmonte |
Reiterates | Outperform | $43 → $45 |
| 2024-07-29 | Piper SandlerNathan Race |
Maintains | Overweight | $41 → $50 |
| 2024-07-26 | Stephens & Co.Terry McEvoy |
Maintains | Overweight | $40 → $45 |
| 2024-04-29 | Piper SandlerScott Siefers |
Maintains | Overweight | $41 → $43 |
| 2024-01-29 | Piper SandlerScott Siefers |
Maintains | Overweight | $43 → $43 |
| 2024-01-29 | Raymond JamesDaniel Tamayo |
Maintains | Outperform | $33 → $40 |
| 2023-10-30 | Piper SandlerScott Siefers |
Maintains | Overweight | $38 → $36 |
| 2023-10-30 | Raymond JamesDaniel Tamayo |
Maintains | Outperform | $36 → $33 |
| 2023-07-27 | Raymond JamesDaniel Tamayo |
Maintains | Outperform | $38 → $36 |
| 2023-07-26 | Stephens & Co.Terry McEvoy |
Reiterates | Overweight | $34 |
| 2023-06-21 | Piper SandlerScott Siefers |
Maintains | Overweight | $35 → $36 |
| 2023-04-26 | Raymond JamesDaniel Tamayo |
Maintains | Outperform | $43 → $38 |
| 2023-04-06 | Raymond JamesDaniel Tamayo |
Maintains | Outperform | $50 → $43 |
Ratings and price targets reflect each firm's most recent published action. Consensus combines the latest call from every covering firm over the past 12 months; price targets are typically 12-month horizons.
Key Stats
- Last Close
- $42.02
- Market Cap
- $2.71 billion
- 52-Week Range
- $34.66 – $45.33
- Average Volume
- 445K shs
Data is delayed and provided for informational purposes only. Not investment advice. See our disclaimer.