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FRME Buy
FIRST MERCHANTS CORP
Current Price —
Implied Upside —
Analysts 12
30-Day Momentum
▲ 1 upgrades / ▼ 0 downgrades / 1 reiterations from 2 firms
Rating Timeline
| Date ▼ | Firm | Action | From → To Rating | Price Target | Firm Rating |
|---|---|---|---|---|---|
| Oct 6, 2026 | Raymond James | upgrade | Market Perform → Outperform | — | 54% |
| Oct 5, 2026 | Piper Sandler | maintain | Overweight → Overweight | — | 54% |
| Jun 26, 2026 | Piper Sandler | maintain | Overweight → Overweight | — | 54% |
| Feb 4, 2026 | Piper Sandler | maintain | Overweight → Overweight | $49 | 54% |
| Oct 27, 2025 | Piper Sandler | maintain | Overweight → Overweight | $46 | 54% |
| Sep 29, 2025 | Stephens & Co. | reiterate | Equal-Weight → Equal-Weight | $46 | 54% |
| Sep 26, 2025 | Raymond James | downgrade | Outperform → Market Perform | $0 | 54% |
| Sep 26, 2025 | Keefe, Bruyette & Woods | maintain | Outperform → Outperform | $50 | 58% |
| Jul 28, 2025 | Piper Sandler | maintain | Overweight → Overweight | $48 | 54% |
| Apr 28, 2025 | Raymond James | maintain | Outperform → Outperform | $43 | 54% |
| Apr 28, 2025 | Piper Sandler | maintain | Overweight → Overweight | $49 | 54% |
| Apr 25, 2025 | Keefe, Bruyette & Woods | maintain | Outperform → Outperform | $49 | 58% |
| Apr 2, 2025 | Raymond James | maintain | Outperform → Outperform | $46 | 54% |
| Jan 31, 2025 | Keefe, Bruyette & Woods | maintain | Outperform → Outperform | $52 | 58% |
| Jan 31, 2025 | Raymond James | reiterate | Outperform → Outperform | $50 | 54% |
| Jan 31, 2025 | Piper Sandler | reiterate | Overweight → Overweight | $55 | 54% |
| Dec 4, 2024 | Keefe, Bruyette & Woods | maintain | Outperform → Outperform | $50 | 58% |
| Oct 28, 2024 | Piper Sandler | maintain | Overweight → Overweight | $47 | 54% |
| Aug 28, 2024 | Keefe, Bruyette & Woods | maintain | Outperform → Outperform | $45 | 58% |
| Aug 7, 2024 | Stephens & Co. | downgrade | Overweight → Equal-Weight | $38 | 54% |
| Jul 29, 2024 | Keefe, Bruyette & Woods | reiterate | Outperform → Outperform | $45 | 58% |
| Jul 29, 2024 | Piper Sandler | maintain | Overweight → Overweight | $50 | 54% |
| Jul 26, 2024 | Stephens & Co. | maintain | Overweight → Overweight | $45 | 54% |
| Apr 29, 2024 | Piper Sandler | maintain | Overweight → Overweight | $42.5 | 54% |
| Jan 29, 2024 | Raymond James | maintain | Outperform → Outperform | $40 | 54% |
| Oct 30, 2023 | Piper Sandler | maintain | Overweight → Overweight | $36 | 54% |
| Oct 30, 2023 | Raymond James | maintain | Outperform → Outperform | $33 | 54% |
| Jul 27, 2023 | Raymond James | maintain | Outperform → Outperform | $36 | 54% |
| Jul 26, 2023 | Stephens & Co. | reiterate | Overweight → Overweight | $34 | 54% |
| Apr 26, 2023 | Raymond James | maintain | — → Outperform | $38 | 54% |
| Apr 6, 2023 | Raymond James | maintain | — → Outperform | $43 | 54% |
| Feb 21, 2023 | Raymond James | downgrade | Strong Buy → Outperform | $50 | 54% |
| Jan 30, 2023 | Raymond James | maintain | — → Strong Buy | $50 | 54% |
| Oct 26, 2022 | Raymond James | maintain | — → Strong Buy | $52 | 54% |
| Jul 7, 2022 | Raymond James | upgrade | Outperform → Strong Buy | $48 | 54% |
| Jul 29, 2021 | Janney Montgomery Scott | upgrade | Neutral → Buy | $48 | 55% |
| Jul 28, 2021 | Raymond James | maintain | — → Outperform | $47 | 54% |
| Apr 27, 2021 | Raymond James | maintain | — → Outperform | $55 | 54% |
| Feb 1, 2021 | Raymond James | upgrade | Market Perform → Outperform | $46 | 54% |
| Nov 12, 2020 | Stephens & Co. | upgrade | Equal-Weight → Overweight | $0 | 54% |
| Oct 29, 2020 | Piper Sandler | maintain | — → Overweight | $28 | 54% |
| Sep 29, 2020 | Piper Sandler | maintain | — → Overweight | $27 | 54% |
| Apr 27, 2020 | Raymond James | reiterate | — → Outperform | $29 | 54% |
| Apr 24, 2020 | Piper Sandler | maintain | — → Overweight | $30 | 54% |
| Apr 9, 2020 | Stephens & Co. | downgrade | Overweight → Equal-Weight | $0 | 54% |
| Feb 3, 2020 | Raymond James | maintain | — → Outperform | $44 | 54% |
| Oct 25, 2019 | Raymond James | maintain | — → Outperform | $43 | 54% |
| Jul 9, 2019 | Stephens & Co. | upgrade | Equal-Weight → Overweight | $44 | 54% |
| Apr 9, 2019 | Raymond James | initiate | — → Outperform | $42 | 54% |
| Nov 19, 2018 | Piper Sandler | upgrade | Hold → Buy | $47 | 54% |
Price Target Trend
Apr 2, 2026 Latest: $46.83 Oct 25, 2026
EPS Estimates
0y $3.87
Lo: $3.76 Hi: $3.92
6 analysts ▲1
0q $1.02
Lo: $0.96 Hi: $1.07
6 analysts +1y $4.43
Lo: $4.30 Hi: $4.55
6 analysts ▲1
+1q $1.02
Lo: $1.00 Hi: $1.05
5 analysts ▲1
Cross-Platform Signals
No cross-platform signals in the last 90 days