Alerus Financial Corporation (ALRS)

Alerus Financial Stock Forecast

Stock Price Forecast

The 4 analysts that cover Alerus Financial stock have a consensus rating of "Hold" and an average price target of $25, which forecasts a 11.46% increase in the stock price over the next year. The lowest target is $24 and the highest is $27.

Price Target: $25 (+11.46%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$24	$25	$25	$27
Change	+7.00%	+11.46%	+11.46%	+20.37%

* Price targets were last updated on Nov 4, 2025.

Analyst Ratings

The average analyst rating for Alerus Financial stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	0	0	0	0	0	0
Buy	2	2	2	2	1	1
Hold	3	3	3	3	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	5	5	5	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Nathan Race Piper Sandler	Piper Sandler	Hold Maintains $26 → $24	Hold	Maintains	$26 → $24	+7.00%	Nov 4, 2025
Damon Delmonte Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $25 → $24	Hold	Maintains	$25 → $24	+7.00%	Nov 3, 2025
Nathan Race Piper Sandler	Piper Sandler	Hold Maintains $24 → $26	Hold	Maintains	$24 → $26	+13.69%	Jul 30, 2025
Jeffrey Rulis DA Davidson	DA Davidson	Hold Maintains $20 → $25	Hold	Maintains	$20 → $25	+11.46%	Jul 29, 2025
David Long Raymond James	Raymond James	Buy Reiterates $24 → $27	Buy	Reiterates	$24 → $27	+20.37%	Jul 29, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

292.67M

Increased by 43.58%

from 203.83M

Revenue Next Year

302.20M

Increased by 3.26%

from 292.67M

EPS This Year

2.58

Increased by 210.61%

from 0.83

EPS Next Year

2.49

Decreased by -3.45%

from 2.58

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	222.32M	237.99M	210.95M	166.01M	203.83M	292.67M	302.20M
Revenue Growth	22.53%	7.05%	-11.36%	-21.30%	22.78%	43.58%	3.26%
EPS	2.52	2.97	2.10	0.58	0.83	2.58	2.49
EPS Growth	31.94%	17.86%	-29.29%	-72.38%	43.10%	210.61%	-3.45%
Forward PE	-	-	-	-	-	8.70	9.01
No. Analysts	-	-	-	-	-	7	7

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	302.5M	316.4M
Avg	292.7M	302.2M
Low	278.3M	286.2M

Revenue Growth

Revenue Growth	2025	2026	2027
High	48.4%	8.1%
Avg	43.6%	3.3%
Low	36.5%	-2.2%

EPS Forecast

EPS	2025	2026	2027
High	2.69	2.63
Avg	2.58	2.49
Low	2.46	2.35

EPS Growth

EPS Growth	2025	2026	2027
High	223.9%	2.0%
Avg	210.6%	-3.5%
Low	196.4%	-8.9%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.