| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 10/30/2023 | 50.12% | Raymond James | $41 → $44 | Maintains | Strong Buy |
| 07/31/2023 | 29.65% | Piper Sandler | $31 → $38 | Maintains | Overweight |
| 07/31/2023 | 39.88% | Raymond James | $38 → $41 | Maintains | Strong Buy |
| 05/01/2023 | 5.77% | Piper Sandler | $35 → $31 | Maintains | Overweight |
| 02/28/2023 | 29.65% | Raymond James | $35 → $38 | Maintains | Strong Buy |
| 01/31/2023 | 19.41% | Raymond James | $32 → $35 | Maintains | Strong Buy |
| 10/06/2022 | 9.18% | Raymond James | $37 → $32 | Maintains | Strong Buy |
| 09/28/2022 | 2.35% | Piper Sandler | $31 → $30 | Maintains | Overweight |
| 08/01/2022 | 26.24% | Raymond James | $33 → $37 | Maintains | Strong Buy |
| 05/02/2022 | 12.59% | Raymond James | $37 → $33 | Maintains | Strong Buy |
| 11/02/2021 | 87.65% | Raymond James | $49 → $55 | Maintains | Strong Buy |
| 08/26/2021 | 67.18% | Raymond James | $57 → $49 | Maintains | Strong Buy |
| 02/01/2021 | 50.12% | Raymond James | $39 → $44 | Maintains | Strong Buy |
| 12/07/2020 | 33.06% | Raymond James | $31 → $39 | Maintains | Strong Buy |
| 09/29/2020 | -21.53% | Piper Sandler | $21 → $23 | Maintains | Overweight |
| 08/25/2020 | -21.53% | Truist Securities | $18 → $23 | Maintains | Buy |
| 07/29/2020 | -28.35% | Piper Sandler | $20 → $21 | Maintains | Overweight |
| 05/19/2020 | -38.59% | SunTrust Robinson Humphrey | $17 → $18 | Maintains | Buy |
| 02/03/2020 | -24.94% | Raymond James | $21 → $22 | Maintains | Outperform |
| 08/29/2019 | -31.76% | Raymond James | $23 → $20 | Maintains | Outperform |
What is the target price for Merchants Bancorp (MBIN)?
The latest price target for Merchants Bancorp (NASDAQ: MBIN) was reported by Raymond James on October 30, 2023. The analyst firm set a price target for $44.00 expecting MBIN to rise to within 12 months (a possible 50.12% upside). 6 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Merchants Bancorp (MBIN)?
The latest analyst rating for Merchants Bancorp (NASDAQ: MBIN) was provided by Raymond James, and Merchants Bancorp maintained their strong buy rating.
When is the next analyst rating going to be posted or updated for Merchants Bancorp (MBIN)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Merchants Bancorp, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Merchants Bancorp was filed on October 30, 2023 so you should expect the next rating to be made available sometime around October 30, 2024.
Is the Analyst Rating Merchants Bancorp (MBIN) correct?
While ratings are subjective and will change, the latest Merchants Bancorp (MBIN) rating was a maintained with a price target of $41.00 to $44.00. The current price Merchants Bancorp (MBIN) is trading at is $29.31, which is out of the analyst's predicted range.