Analyst Ratings for First Merchants (FRME)
FRME Rating Summary
FRME Price Target Summary
- Highest: $46.00 (Piper Sandler)
- Lowest: $46.00 (Piper Sandler)
- Average: $46.00
* Over Last 12-Mos
Overall Rating:
BUY
Rating Trend:
Avg. $ Target:
$46.00 (+17%)
* Over Last 12-Mos
Rating Score: 7.8 / 10
Percentile Rank: 81%
Avg. $ Target:
$46.00 (+17%)
* Over Last 12-Mos
Rating Score: 7.8 / 10
| Date | Firm | Analyst | Type | Rating (Past) |
PT (Past) |
Start $ (End $) |
% Chg. | Details |
|---|---|---|---|---|---|---|---|---|
| 10/6/2026 | Raymond James | Daniel Tamayo | Upgrade | Outperform (Market Perform) |
46.00 (N/A) |
39.77 (39.32) |
-1.13% | Details |
| 1/31/2025 | Hovde Group | Brendan Nosal | Upgrade | Outperform (Market Perform) |
N/A (N/A) |
42.71 (39.32) |
-7.94% | Details |
![]() |
||||||||
![]() |
||||||||
![]() |
||||||||
![]() |
||||||||
![]() |
||||||||
![]() |
||||||||
![]() |
||||||||



