Critical Insights From First Merchants Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
In the past three months, analysts have shown a somewhat bullish sentiment towards First Merchants (NASDAQ:FRME), with an average 12-month price target increase to $46.25. Analysts from Keefe, Bruyette & Woods, Piper Sandler, and Stephens & Co. have raised their price targets, reflecting positive expectations despite recent revenue challenges.
August 28, 2024 | 4:00 pm
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Analysts have shown a somewhat bullish sentiment towards First Merchants (NASDAQ:FRME) with an average 12-month price target increase to $46.25. Analysts from Keefe, Bruyette & Woods, Piper Sandler, and Stephens & Co. have raised their price targets, reflecting positive expectations despite recent revenue challenges.
The increase in the average price target to $46.25, along with raised targets from key analysts, indicates a positive outlook for FRME. Despite revenue challenges, the company's strong net margin and ROE suggest financial health, supporting the analysts' somewhat bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100