Does First Merchants (FRME) Have the Potential to Rally 26.14% as Wall Street Analysts Expect?

Shares of First Merchants (FRME) have gained 2.4% over the past four weeks to close the last trading session at $36.15, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $45.6 indicates a potential upside of 26.1%.The mean estimate comprises five short-term price targets with a standard deviation of $2.7. While the lowest estimate of $43.00 indicates an 19% increase from the curre ...