Analyst firms · Raymond James · FRME

Raymond James FRME price target and rating history

First Merchants Corporation (FRME) · Finance

Raymond James rates First Merchants Corporation (FRME) Outperform with a $46 price target, as of its latest action on Oct 6, 2026. It has published 5 rating actions on FRME since July 2021, including 2 upgrades and 2 downgrades.

Current rating

Outperform

Price target

$46

Median target, all firms

Too few

Actions on FRME

5

Raymond James price target on FRME

Every Raymond James rating on FRME

• Oct 6, 2026
  UpgradeRaymond James upgrades to Outperform from Mkt Perform, price target $46
• Sep 26, 2025
  DowngradeRaymond James downgrades to Mkt Perform from Outperform
• Feb 21, 2023
  DowngradeRaymond James downgrades to Outperform from Strong Buy, price target $50
• Jul 7, 2022
  UpgradeRaymond James upgrades to Strong Buy from Outperform
• Jul 28, 2021
  ReiterateRaymond James cuts its price target to $47 from $55, keeps Outperform

Questions about Raymond James and FRME

What is Raymond James's price target for FRME?

Raymond James's latest stated price target for First Merchants Corporation (FRME) is $46, from its action on Oct 6, 2026.

What is Raymond James's rating on FRME?

Raymond James rates FRME Outperform, a bullish rating, as of Oct 6, 2026.

When did Raymond James last change its view on FRME?

On Oct 6, 2026, Raymond James upgrades to Outperform from Mkt Perform, price target $46.

More FRME rating histories

• Hovde Group3

All Raymond James ratingsFRME news and filingsEvery analyst firm

From rating actions in the Quantisnow feed. A target holds until the firm states a new one; a reiteration with no target keeps the last one. Not investment advice.