First Merchants Corporation (FRME) Social Stream
FIRST MERCHANTS CORP (FRME) Price Targets From Analysts
Use the tables below to see what analysts covering FIRST MERCHANTS CORP think about its future price and what recommendations they have for investors and traders.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-11-05 | 4 | $49 | $47 | $48.25 | $36.18 | 33.36% |
| 2021-11-11 | 4 | $49 | $47 | $48.5 | $36.18 | 34.05% |
| 2021-12-14 | 5 | $49 | $47 | $48.2 | $36.18 | 33.22% |
| 2022-01-03 | 5 | $53 | $47 | $49 | $36.18 | 35.43% |
| 2022-01-27 | 5 | $53 | $47 | $49.8 | $36.18 | 37.65% |
| 2022-04-26 | 5 | $53 | $47 | $50.6 | $36.18 | 39.86% |
| 2022-04-28 | 5 | $53 | $47 | $50 | $36.18 | 38.2% |
| 2022-05-05 | 5 | $53 | $47 | $49.6 | $36.18 | 37.09% |
| 2022-06-01 | 5 | $52 | $47 | $49.4 | $36.18 | 36.54% |
| 2022-07-27 | 5 | $52 | $46 | $48.6 | $36.18 | 34.33% |
| 2022-08-02 | 5 | $50 | $46 | $47.4 | $36.18 | 31.01% |
| 2022-10-25 | 5 | $50 | $46 | $48.2 | $36.18 | 33.22% |
| 2022-11-01 | 5 | $52 | $49 | $50.25 | $36.18 | 38.89% |
| 2023-01-26 | 4 | $52 | $45 | $49.25 | $36.18 | 36.12% |
| 2023-01-30 | 4 | $50 | $45 | $48.75 | $36.18 | 34.74% |
| 2023-03-01 | 4 | $50 | $45 | $48.25 | $36.18 | 33.36% |
| 2023-03-28 | 4 | $50 | $40 | $47 | $36.18 | 29.91% |
| 2023-04-06 | 4 | $50 | $40 | $45.25 | $36.18 | 25.07% |
| 2023-04-25 | 4 | $50 | $35 | $44 | $36.18 | 21.61% |
| 2023-04-28 | 4 | $50 | $35 | $40.25 | $36.18 | 11.25% |
| 2023-05-01 | 4 | $38 | $35 | $36.75 | $36.18 | 1.58% |
| 2023-07-06 | 4 | $38 | $36 | $37 | $36.18 | 2.27% |
| 2023-07-25 | 4 | $40 | $36 | $38 | $36.18 | 5.03% |
| 2023-07-27 | 4 | $40 | $36 | $37.5 | $36.18 | 3.65% |
| 2023-07-31 | 4 | $40 | $34 | $36.75 | $36.18 | 1.58% |
| 2023-08-17 | 4 | $40 | $35 | $37 | $36.18 | 2.27% |
| 2023-09-26 | 4 | $38 | $35 | $36.5 | $36.18 | 0.88% |
| 2023-10-30 | 4 | $36 | $35 | $35.5 | $36.18 | -1.88% |
| 2023-10-31 | 4 | $36 | $33 | $34.75 | $36.18 | -3.95% |
| 2023-11-01 | 4 | $36 | $33 | $34.5 | $36.18 | -4.64% |
| 2023-12-12 | 4 | $42.5 | $33 | $36.125 | $36.18 | -0.15% |
The Trend in the Analyst Price Target
Over the past 23 months, FRME's average price target has gone down $13.8.
FRME reports an average of 24.85% for its upside potential over the past 46 weeks.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2023-03-28 | 4 | 50.0 | 40 | 47.000 | 33.74 | 39.3% |
| 2023-07-27 | 4 | 40.0 | 34 | 37.000 | 31.68 | 16.79% |
| 2023-08-17 | 4 | 40.0 | 35 | 37.000 | 30.46 | 21.47% |
| 2023-10-30 | 4 | 36.0 | 35 | 35.500 | 27.34 | 29.85% |
| 2023-12-12 | 4 | 42.5 | 33 | 36.125 | 34.18 | 5.69% |
FRME Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 1.25 | 3 | 1 | 0 | 0 | 0 | 4 |
The Trend in the Broker Recommendations
FRME's average broker recommendation rating improved by 0 over the prior 31 weeks.
The bullet points below may help you gain a better understanding of what the metrics in the price target and recommendations tables above mean for FRME as an investment opportunity.
- FIRST MERCHANTS CORP's variance in analysts' estimates is lower than -281.83% of all US stocks.
- In the context of all US stocks, FIRST MERCHANTS CORP's number of analysts covering the stock is higher than 571.18% of them.
- To contextualize these metrics, consider that out of Financial Services stocks, FIRST MERCHANTS CORP's upside potential (average analyst target price relative to current price) is higher than 2278.21% of them.
- FRME has a greater average analyst price target than 2080.23% of Banking stocks.
In terms of price targets and recommendations offered by analysts, the stocks in the Banking industry with the ratings most similar to FIRST MERCHANTS CORP are FFBC, ONB, and FULT.
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