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First Merchants Corporation Stock Forecast NASDAQ:FRME

$40.54 (-0.12%)

Volume: 173k

Closed: Nov 29, 2021

Hollow Logo Score: -3.248

First Merchants Corporation Stock Forecast

$40.54 (-0.12%)

Volume: 173k

Closed: Nov 29, 2021

Score Hollow Logo -3.248

First Merchants Corporation Stock Forecast NASDAQ:FRME

Price Target and Analyst Ratings

Most Recent Rating

On Jul 29, 2021 "Janney Montgomery Scott" gave "" rating for FRME. The price target was set to $40.58+1.0%.

Last 30 Days

Historical Ratings

Date Rating Action Authority Current Price Target Price
2021-07-29 Upgraded by Janney Montgomery Scott $41.04 $40.58+1.0%
2021-07-28 $55.00 - $47.00 Target Lowered by Raymond James $40.58 $40.19→0.2%
2021-05-03 Outperform Target Raised by Raymond James $47.00 $46.00 → $55.00
2021-04-27 Outperform Target Raised by Raymond James $47.41 $46.00 → $55.00
2021-02-01 Market Perform - Outperform Upgraded by Raymond James $38.60 $46.00
2020-11-12 Equal Weight - Overweight Upgraded by Stephens $30.25 $35.00
2020-10-29 Overweight Target Raised by Piper Sandler $26.20 $27.00 → $28.00
2020-09-29 Overweight Target Lowered by Piper Sandler $23.17 $30.00 → $27.00
2020-06-17 Outperform - Market Perform Downgraded by Raymond James $26.79
2020-04-27 Outperform Target Raised by Raymond James $27.48 $28.00 → $29.00
2020-04-24 Overweight Target Lowered by Piper Sandler $25.91 $32.00 → $30.00
2020-04-09 Overweight - Equal Weight Downgraded by Stephens $28.60

FRME Stock Trend

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $40.35 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.

Given the current short-term trend, the stock is expected to rise 7.17% during the next 3 months and, with a 90% probability hold a price between $43.25 and $47.67 at the end of this 3-month period.

Data

Date Bottom Mid Top
2021-12-01 $40.40 $42.47 $44.53
2021-12-02 $40.45 $42.51 $44.58
2021-12-03 $40.50 $42.56 $44.62
2021-12-06 $40.54 $42.61 $44.67
2021-12-07 $40.59 $42.65 $44.72
2021-12-08 $40.64 $42.70 $44.77
2021-12-09 $40.68 $42.75 $44.81
2021-12-10 $40.73 $42.80 $44.86
2021-12-13 $40.78 $42.84 $44.91
2021-12-14 $40.83 $42.89 $44.96
2021-12-15 $40.87 $42.94 $45.00
2021-12-16 $40.92 $42.98 $45.05
2021-12-17 $40.97 $43.03 $45.10
2021-12-20 $41.01 $43.08 $45.14
2021-12-21 $41.06 $43.13 $45.19
2021-12-22 $41.11 $43.17 $45.24
2021-12-23 $41.16 $43.22 $45.29
2021-12-27 $41.20 $43.27 $45.33
2021-12-28 $41.25 $43.32 $45.38
2021-12-29 $41.30 $43.36 $45.43
2021-12-30 $41.34 $43.41 $45.47
2021-12-31 $41.39 $43.46 $45.52
2022-01-03 $41.44 $43.50 $45.57
2022-01-04 $41.49 $43.55 $45.62
2022-01-05 $41.53 $43.60 $45.66
2022-01-06 $41.58 $43.65 $45.71
2022-01-07 $41.63 $43.69 $45.76
2022-01-10 $41.68 $43.74 $45.81
2022-01-11 $41.72 $43.79 $45.85
2022-01-12 $41.77 $43.83 $45.90

About First Merchants Corporation

First Merchants First Merchants Corporation operates as the financial holding company for First Merchants Bank, National Association that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as rents safe deposit facilities. The company also provides personal and corporate trust, full-service brokerage, corporate, letters of credit, and repurc... Read more

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