Piper Sandler Reiterates Overweight Rating on First Merchants Corporation (FRME)

Market Context

First Merchants Corporation operates in the Financial Services sector. The stock currently trades at $43.68 with a market capitalization of $2.2B. The stock has gained 8.3% over the past 52 weeks.

Analyst coverage from Piper Sandler provides professional research and price targets that many institutional investors reference when making allocation decisions. The consensus of analyst opinions — along with the range of price targets — helps frame market expectations for First Merchants Corporation.

Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.

Recent Analyst Activity for First Merchants Corporation

Among the 10 most recent ratings: 8 Buy, 2 Hold, 0 Sell.

Date	Firm	Rating	Price Target
Jun 26, 2026	Piper Sandler	Overweight	N/A
Feb 04, 2026	Piper Sandler	Overweight	N/A
Oct 27, 2025	Piper Sandler	Overweight	N/A
Sep 29, 2025	Stephens & Co.	Equal-Weight	N/A
Sep 26, 2025	Raymond James	Market Perform	N/A

Related Tools: Analyst Ratings Dashboard | View FRME Stock Page