# Merchants (MBIN) — Analyst Forecast

MBIN · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/mbin/forecast

## Analyst consensus

| Consensus | Buy | Hold | Sell | Analysts |
| --- | --- | --- | --- | --- |
| Hold | 1 | 2 | 0 | 3 |

## Recent analyst ratings

| Date | Firm | Action | Rating | Price target |
| --- | --- | --- | --- | --- |
| Oct 5, 2026 | Piper Sandler | Maintained | Overweight | $63.00 |
| Sep 8, 2026 | Morgan Stanley | Maintained | Equal-Weight | $65.00 |
| Jul 29, 2026 | Piper Sandler | Maintained | Overweight | $58.00 |
| Jul 1, 2026 | Raymond James | Downgraded | Outperform → Market Perform | — |
| Jun 29, 2026 | Morgan Stanley | Maintained | Equal-Weight | $49.00 |
| Mar 2, 2026 | Morgan Stanley | Maintained | Equal-Weight | $51.00 |
| Jan 30, 2026 | Morgan Stanley | Maintained | Equal-Weight | $42.00 |
| Oct 30, 2025 | Piper Sandler | Maintained | Overweight | $42.00 |
| Oct 29, 2025 | Raymond James | Maintained | Outperform | $38.00 |
| Sep 29, 2025 | Morgan Stanley | Maintained | Equal-Weight | $39.00 |
| Jul 30, 2025 | Piper Sandler | Maintained | Overweight | $41.00 |
| Jul 29, 2025 | Raymond James | Maintained | Outperform | $40.00 |
| Jul 29, 2025 | Morgan Stanley | Maintained | Equal-Weight | $34.00 |
| Apr 29, 2025 | Raymond James | Maintained | Outperform | $41.00 |
| Apr 2, 2025 | Raymond James | Maintained | Outperform | $45.00 |
| Mar 13, 2025 | Morgan Stanley | Maintained | Equal-Weight | $45.00 |
| Jan 30, 2025 | Raymond James | Maintained | Outperform | $53.00 |
| Jan 30, 2025 | Piper Sandler | Maintained | Overweight | $56.50 |
| Nov 26, 2024 | Piper Sandler | Maintained | Overweight | $52.50 |
| Oct 30, 2024 | Piper Sandler | Maintained | Overweight | $48.00 |

## Frequently Asked Questions

### Is MBIN a buy, sell, or hold?

Analysts covering Merchants currently average a Hold rating: 1 buy, 2 hold and 0 sell, from 3 analysts. Ratings reflect analyst opinion, not investment advice.

### What is the latest analyst rating on MBIN?

On Oct 5, 2026, Piper Sandler maintained Merchants at Overweight with a price target of $63.00.

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Analyst ratings and price targets are the opinions of third-party research firms, not of Light Horse Securities. They are estimates about an uncertain future, are frequently wrong, and are neither a recommendation nor a prediction of actual results.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).