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 5.66% increase in the stock price over the next year. The lowest target is $24 and the highest is $27.

Price Target: $25 (+5.66%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$24	$25	$25	$27
Change	+1.44%	+5.66%	+5.66%	+14.12%

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	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26
Strong Buy	0	0	0	0	0	1
Buy	2	2	2	1	1	0
Hold	3	3	3	3	3	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	5	5	4	4	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Brendan Nosal Hovde Group	Hovde Group	Buy → Hold Downgrades n/a	Buy → Hold	Downgrades	n/a	n/a	Jan 7, 2026
David Long Raymond James	Raymond James	Buy → Strong Buy Upgrades $25 → $27	Buy → Strong Buy	Upgrades	$25 → $27	+14.12%	Jan 5, 2026
Nathan Race Piper Sandler	Piper Sandler	Hold Maintains $26 → $24	Hold	Maintains	$26 → $24	+1.44%	Nov 4, 2025
Damon Delmonte Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $25 → $24	Hold	Maintains	$25 → $24	+1.44%	Nov 3, 2025
Nathan Race Piper Sandler	Piper Sandler	Hold Maintains $24 → $26	Hold	Maintains	$24 → $26	+7.78%	Jul 30, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

293.08M

Increased by 43.78%

from 203.83M

Revenue Next Year

306.57M

Increased by 4.60%

from 293.08M

EPS This Year

2.07

Increased by 149.47%

from 0.83

EPS Next Year

2.63

Increased by 26.91%

from 2.07

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	293.08M	306.57M
Revenue Growth	22.53%	7.05%	-11.36%	-21.30%	22.78%	43.78%	4.60%
EPS	2.52	2.97	2.10	0.58	0.83	2.07	2.63
EPS Growth	31.94%	17.86%	-29.29%	-72.38%	43.10%	149.47%	26.91%
Forward PE	-	-	-	-	-	11.43	9.00
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	322.7M
Avg	293.1M	306.6M
Low	280.3M	288.1M

Revenue Growth

Revenue Growth	2025	2026	2027
High	48.4%	10.1%
Avg	43.8%	4.6%
Low	37.5%	-1.7%

EPS Forecast

EPS	2025	2026	2027
High	2.69	2.80
Avg	2.07	2.63
Low	0.53	2.35

EPS Growth

EPS Growth	2025	2026	2027
High	223.9%	35.4%
Avg	149.5%	26.9%
Low	-36.2%	13.4%

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.