Seeing Is Believing
Financial Services - Sector
FRME is currently covered by 4 analysts with an average price target of $47.26. This is a potential upside of $9.15 (24.01%) from yesterday's end of day stock price of $38.11.
First Merchants's activity chart (see below) currently has 65 price targets and 61 ratings on display. The stock rating distribution of FRME is 81.82% BUY and 18.18% HOLD.
Analysts average stock forecasts to be materialized ratio is 61.65% with an average time for these price targets to be met of 446.43 days.
Highest price target for FRME is $50, Lowest price target is $46, average price target is $47.33.
Most recent stock forecast was given by NATHAN RACE from PIPER SANDLER on 27-Oct-2025. First documented stock forecast 11-Jul-2016.
Currently out of the existing stock ratings of FRME, 9 are a BUY (81.82%), 2 are a HOLD (18.18%).
Analyst name
Rating
Rating initiation date
Current price target
Potential Upside
Previous price target
Date
Price targets met ratio
Average potential upside
Average Days to Hit Target
Performance score
Buy
Since 24-Apr-2020
$46
$7.89 (20.70%)
$48
2 months 14 days ago
(27-Oct-2025)
5/15 (33.33%)
$9.25 (25.17%)
364
Hold
Since 07-Aug-2024
$46
$7.89 (20.70%)
$38
3 months 12 days ago
(29-Sep-2025)
5/8 (62.5%)
$8.56 (22.86%)
508
Hold
Since 26-Sep-2025
$46
3 months 15 days ago
(26-Sep-2025)
5/14 (35.71%)
$6.63 (16.84%)
345
Buy
Since 29-Jul-2024
$50
$11.89 (31.20%)
$49
3 months 15 days ago
(26-Sep-2025)
0/6 (0%)
$11.78 (30.82%)
Buy
Since 30-Oct-2023
$42.5
$4.39 (11.52%)
$36
1 years 8 months 12 days ago
(29-Apr-2024)
2/2 (100%)
$10.5 (32.81%)
228
What is FRME (First Merchants) average time for price targets to be met?
Which analyst has the current highest performing score on FRME (First Merchants) with a proven track record?
Which analyst has the current lower performing score on FRME (First Merchants) with a proven track record?
Which analyst has the most public recommendations on FRME (First Merchants)?
Which analyst is the currently most bullish on FRME (First Merchants)?
Which analyst is the currently most reserved on FRME (First Merchants)?