Alerus Financial (ALRS) Stock Forecast & Price Target

$22.09

+0.09 (+0.41%)

(As of 07/26/2024 ET)

Alerus Financial - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 3 Analyst Ratings

Based on 3 Wall Street analysts who have issued ratings for Alerus Financial in the last 12 months, the stock has a consensus rating of "Hold." Out of the 3 analysts, 2 have given a hold rating, and 1 has given a buy rating for ALRS.

Consensus Price Target

$23.17
4.87% Upside

High Forecast	$24.00
Average Forecast	$23.17
Low Forecast	$22.50

According to the 3 analysts' twelve-month price targets for Alerus Financial, the average price target is $23.17. The highest price target for ALRS is $24.00, while the lowest price target for ALRS is $22.50. The average price target represents a forecasted upside of 4.87% from the current price of $22.09.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$23.17	$23.17	$23.50	$18.33
Forecasted Upside	4.87% Upside	8.61% Upside	0.58% Upside	-0.09% Downside

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ALRS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ALRS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Alerus Financial Stock vs. The Competition

Type	Alerus Financial	Finance Companies	S&P 500
Consensus Rating Score	2.33	2.45	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	4.87% Upside	35.47% Upside	9.16% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
5/16/2024	Piper Sandler 2 of 5 stars	Lower Target	Neutral ➝ Neutral	$23.50 ➝ $22.50	+13.87%
5/16/2024	Hovde Group 3 of 5 stars	Upgrade	Market Perform ➝ Outperform	$21.00 ➝ $23.00	+16.57%
1/30/2024	DA Davidson 3 of 5 stars	Boost Target	Neutral ➝ Neutral	$23.00 ➝ $24.00	-2.04%
4/12/2023	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform	$18.00	+11.25%
1/27/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:29 AM ET.

ALRS Forecast - Frequently Asked Questions

What is Alerus Financial's forecast for 2024?: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Alerus Financial is $23.17, with a high forecast of $24.00 and a low forecast of $22.50.
Should I buy or sell Alerus Financial stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alerus Financial in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" ALRS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALRS, but not buy additional shares or sell existing shares.
Does Alerus Financial's stock price have much upside?: According to analysts, Alerus Financial's stock has a predicted upside of 8.61% based on their 12-month stock forecasts.
Has Alerus Financial been upgraded by Wall Street analysts recently?: Over the previous 90 days, Alerus Financial's stock had 1 upgrade by analysts.
What analysts cover Alerus Financial?: Alerus Financial has been rated by research analysts at Hovde Group, and Piper Sandler in the past 90 days.
Do Wall Street analysts like Alerus Financial more than its competitors?: Analysts like Alerus Financial less than other "finance" companies. The consensus rating score for Alerus Financial is 2.33 while the average consensus rating score for "finance" companies is 2.45. Learn more on how ALRS compares to other companies.