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 | $32.95 | 46.43% |
| 2021-11-11 | 4 | $49 | $47 | $48.5 | $32.95 | 47.19% |
| 2021-12-14 | 5 | $49 | $47 | $48.2 | $32.95 | 46.28% |
| 2022-01-03 | 5 | $53 | $47 | $49 | $32.95 | 48.71% |
| 2022-01-27 | 5 | $53 | $47 | $49.8 | $32.95 | 51.14% |
| 2022-04-26 | 5 | $53 | $47 | $50.6 | $32.95 | 53.57% |
| 2022-04-28 | 5 | $53 | $47 | $50 | $32.95 | 51.75% |
| 2022-05-05 | 5 | $53 | $47 | $49.6 | $32.95 | 50.53% |
| 2022-06-01 | 5 | $52 | $47 | $49.4 | $32.95 | 49.92% |
| 2022-07-27 | 5 | $52 | $46 | $48.6 | $32.95 | 47.5% |
| 2022-08-02 | 5 | $50 | $46 | $47.4 | $32.95 | 43.85% |
| 2022-10-25 | 5 | $50 | $46 | $48.2 | $32.95 | 46.28% |
| 2022-11-01 | 5 | $52 | $47 | $49.6 | $32.95 | 50.53% |
| 2023-01-26 | 4 | $52 | $45 | $49.25 | $32.95 | 49.47% |
| 2023-01-30 | 4 | $50 | $45 | $48.75 | $32.95 | 47.95% |
| 2023-03-01 | 4 | $50 | $45 | $48.25 | $32.95 | 46.43% |
The Trend in the Analyst Price Target
Over the past 18 months, FRME's average price target has gone down $0.08.
Over the past 48 weeks, FRME's average upside potential has been 18.46%.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2022-05-05 | 5 | 52 | 47 | 49.40 | 39.61 | 24.72% |
| 2022-10-25 | 5 | 50 | 46 | 48.20 | 43.80 | 10.05% |
| 2022-11-01 | 5 | 52 | 49 | 50.25 | 44.38 | 13.23% |
| 2023-01-30 | 4 | 50 | 45 | 48.75 | 40.87 | 19.28% |
| 2023-02-21 | 4 | 50 | 45 | 48.25 | 41.45 | 16.41% |
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
Over the past 16 months, FRME's average broker recommendation rating improved by 0.
Use the points listed below to better contextualize what this analyst price target and recommendations data data means for investors.
- In terms of how FIRST MERCHANTS CORP fares relative to all US stocks, note that its variance in analysts' estimates is lower than -53.37% of that group.
- In the context of all US stocks, FIRST MERCHANTS CORP's number of analysts covering the stock is greater than 397.45% of them.
- FRME has a greater average analyst price target than 1153.15% of stocks in the mid market cap category.
- 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 1137.73% of them.
In the Banking industry, FFBC, ONB, and FULT are the three stocks most similar to FIRST MERCHANTS CORP regarding the price target and analyst recommendation information presented here.
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