First Merchants Corporation (FRME) Social Stream
FIRST MERCHANTS CORP (FRME) Price Targets From Analysts
The tables below show the price targets and recommendations analysts covering FRME.
| 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 | $31.04 | 55.44% |
| 2021-11-11 | 4 | $49 | $47 | $48.5 | $31.04 | 56.25% |
| 2021-12-14 | 5 | $49 | $47 | $48.2 | $31.04 | 55.28% |
| 2022-01-03 | 5 | $53 | $47 | $49 | $31.04 | 57.86% |
| 2022-01-27 | 5 | $53 | $47 | $49.8 | $31.04 | 60.44% |
| 2022-04-26 | 5 | $53 | $47 | $50.6 | $31.04 | 63.02% |
| 2022-04-28 | 5 | $53 | $47 | $50 | $31.04 | 61.08% |
| 2022-05-05 | 5 | $53 | $47 | $49.6 | $31.04 | 59.79% |
| 2022-06-01 | 5 | $52 | $47 | $49.4 | $31.04 | 59.15% |
| 2022-07-27 | 5 | $52 | $45 | $48.4 | $31.04 | 55.93% |
| 2022-08-02 | 5 | $50 | $46 | $47.4 | $31.04 | 52.71% |
| 2022-10-25 | 5 | $50 | $46 | $48.2 | $31.04 | 55.28% |
| 2022-11-01 | 5 | $52 | $47 | $49.6 | $31.04 | 59.79% |
| 2023-01-26 | 4 | $52 | $45 | $49.25 | $31.04 | 58.67% |
| 2023-01-30 | 4 | $50 | $45 | $48.25 | $31.04 | 55.44% |
| 2023-03-01 | 4 | $50 | $45 | $48.25 | $31.04 | 55.44% |
| 2023-03-28 | 4 | $50 | $40 | $47 | $31.04 | 51.42% |
| 2023-04-06 | 4 | $50 | $40 | $45.25 | $31.04 | 45.78% |
| 2023-04-25 | 4 | $50 | $35 | $44 | $31.04 | 41.75% |
| 2023-04-28 | 4 | $50 | $35 | $40.25 | $31.04 | 29.67% |
| 2023-05-01 | 4 | $38 | $35 | $36.75 | $31.04 | 18.4% |
| 2023-07-06 | 4 | $38 | $36 | $37 | $31.04 | 19.2% |
| 2023-07-25 | 4 | $40 | $36 | $38 | $31.04 | 22.42% |
| 2023-07-27 | 4 | $40 | $36 | $37.5 | $31.04 | 20.81% |
| 2023-07-31 | 4 | $40 | $34 | $36.75 | $31.04 | 18.4% |
| 2023-08-17 | 4 | $40 | $35 | $37 | $31.04 | 19.2% |
| 2023-09-26 | 4 | $38 | $35 | $36.5 | $31.04 | 17.59% |
| 2023-10-30 | 4 | $36 | $35 | $35.5 | $31.04 | 14.37% |
| 2023-10-31 | 4 | $36 | $33 | $34.75 | $31.04 | 11.95% |
| 2023-11-01 | 4 | $36 | $33 | $34.5 | $31.04 | 11.15% |
The Trend in the Analyst Price Target
Over the past 52 weeks, FRME's average price target has gone down $15.75.
FRME reports an average of 26.53% for its upside potential over the past 40 weeks.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2023-03-01 | 4 | 50 | 45 | 48.25 | 40.72 | 18.49% |
| 2023-04-28 | 4 | 50 | 35 | 40.25 | 29.18 | 37.94% |
| 2023-06-21 | 4 | 38 | 36 | 37.00 | 28.12 | 31.58% |
| 2023-07-31 | 4 | 40 | 34 | 36.75 | 32.12 | 14.41% |
| 2023-11-01 | 4 | 36 | 33 | 34.50 | 27.28 | 26.47% |
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 42 months, FRME's average broker recommendation rating improved by 0.92.
The points below can provide you with additional insight regarding what the price target and recommendations metrics in the table above mean for investors.
- In the context of all US stocks, FIRST MERCHANTS CORP's variance in analysts' estimates is lower than -237.37% of them.
- FRME has a higher number of analysts covering the stock than 555.67% of all US stocks.
- FRME has a higher upside potential (average analyst target price relative to current price) than 1989.41% of Banking stocks.
- FRME has a higher average analyst price target than 1973.07% of Banking stocks.
Stocks similar to FIRST MERCHANTS CORP in the Banking industry regarding analyst recommendations and price targets are FFBC, ONB, and FULT.
View All Top Stocks by Price Target
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