Wall Street Analysts Predict a 30.09% Upside in First Merchants (FRME): Here's What You Should Know

Group 1 - First Merchants (FRME) closed at $35.82, with a 10.2% gain over the past four weeks, and a mean price target of $46.60 suggests a 30.1% upside potential [1] - The mean estimate includes five short-term price targets with a standard deviation of $2.07, indicating variability among analysts; the lowest estimate is $45 (25.6% increase), while the highest is $50 (39.6% increase) [2] - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price increases [4][9] Group 2 - The Zacks Consensus Estimate for the current year has increased by 1.1% over the past month, with two estimates rising and one falling [10] - FRME holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential upside [11]