Alerus Financial (ALRS) Stock Price Target 2026

The average analyst price target for Alerus Financial is $30.43, 13.2% below the current price. Of 5 analysts, 2 rate it Buy and 3 Hold. Targets range from $24 to $38. The latest change came on Oct 30, 2026, when Keefe, Bruyette & Woods raised its price target on Alerus Financial from $32 to $34 and kept a Market Perform rating.

The Average Analyst Price Target for Alerus Financial is $30.43.

Price Target Range — 13 Quarters

Analyst Consensus — 5 Analysts

2Buy

3Hold

Consensus RatingNeutral# Analysts5Avg. Consensus PT$30.43Upside to Avg. PT-13.2%

Rating Trend — Last 9 Months

Latest Upgrades and Downgrades for Alerus Financial Stock

See all ratings →

Date	Firm	Analyst	Action	Rating Change	Price Target
Oct 30, 2026	Keefe, Bruyette & Woods	Damon Delmonte	PT Raise	Market Perform	$32→$34
Oct 2, 2026	Piper Sandler	Nathan Race	Upgrade	Neutral→Overweight	$37→$38
Jul 31, 2026	Piper Sandler	Nathan Race	PT Raise	Neutral	$32→$37
Jul 31, 2026	Keefe, Bruyette & Woods	Damon Delmonte	PT Raise	Market Perform	$29→$32
Jul 9, 2026	Raymond James	Ken Kohut	Reinstates	Outperform	$34
Jun 26, 2026	Piper Sandler	Nathan Race	PT Raise	Neutral	$29→$32
May 1, 2026	DA Davidson	Jeff Rulis	PT Raise	Neutral	$26→$29
May 1, 2026	Piper Sandler	Nathan Race	PT Raise	Neutral	$28→$29
May 1, 2026	Keefe, Bruyette & Woods	Damon Delmonte	PT Raise	Market Perform	$25→$27
Jan 30, 2026	Raymond James	David Long	PT Raise	Strong Buy	$27→$29
Jan 30, 2026	DA Davidson	Jeff Rulis	PT Raise	Neutral	$25→$26
Jan 30, 2026	Keefe, Bruyette & Woods	Damon Delmonte	PT Raise	Market Perform	$24→$25
Jan 7, 2026	Hovde Group	Brendan Nosal	Downgrade	Outperform→Market Perform	—
Jan 5, 2026	Raymond James	David Long	Upgrade	Outperform→Strong Buy	$25→$27
Nov 4, 2025	Piper Sandler	Nathan Race	PT Cut	Neutral	$26→$24
Nov 3, 2025	Raymond James	David Long	PT Cut	Outperform	$27→$25
Nov 3, 2025	Keefe, Bruyette & Woods	Damon Delmonte	PT Cut	Market Perform	$25→$24
Jul 30, 2025	Piper Sandler	Nathan Race	PT Raise	Neutral	$24→$26
Jul 29, 2025	DA Davidson	Jeffrey Rulis	PT Raise	Neutral	$20→$25
Jul 29, 2025	Raymond James	David Long	PT Raise	Outperform	$24→$27

Analyst Ratings News

PRO
Keefe, Bruyette & Woods Maintains Market Perform on Alerus Financial, Raises Price Target to $34

Keefe, Bruyette & Woods analyst Damon Delmonte maintains Alerus Financial (NASDAQ:ALRS) with a Market Perform and raises the price target from $32 to $34.

Benzinga Newsdesk

PRO
Piper Sandler Upgrades Alerus Financial to Overweight, Raises Price Target to $38

Piper Sandler analyst Nathan Race upgrades Alerus Financial (NASDAQ:ALRS) from Neutral to Overweight and raises the price target from $37 to $38.

Benzinga Newsdesk

PRO
Piper Sandler Maintains Neutral on Alerus Financial, Raises Price Target to $37

Piper Sandler analyst Nathan Race maintains Alerus Financial (NASDAQ:ALRS) with a Neutral and raises the price target from $32 to $37.

Benzinga Newsdesk

PRO
Keefe, Bruyette & Woods Maintains Market Perform on Alerus Financial, Raises Price Target to $32

Keefe, Bruyette & Woods analyst Damon Delmonte maintains Alerus Financial (NASDAQ:ALRS) with a Market Perform and raises the price target from $29 to $32.

Benzinga Newsdesk

PRO
Raymond James Reinstates Outperform on Alerus Financial, Announces $34 Price Target

Raymond James analyst Ken Kohut reinstates Alerus Financial (NASDAQ:ALRS) with a Outperform and announces $34 price target.

Benzinga Newsdesk

PRO
Piper Sandler Maintains Neutral on Alerus Financial, Raises Price Target to $32

Piper Sandler analyst Nathan Race maintains Alerus Financial (NASDAQ:ALRS) with a Neutral and raises the price target from $28.5 to $32.

Benzinga Newsdesk

Alerus Financial Corp

Alerus Financial (ALRS) Stock Price Target 2026

The Average Analyst Price Target for Alerus Financial is $30.43.

Latest Upgrades and Downgrades for Alerus Financial Stock

Analyst Ratings News

PRO
Keefe, Bruyette & Woods Maintains Market Perform on Alerus Financial, Raises Price Target to $34

PRO
Piper Sandler Upgrades Alerus Financial to Overweight, Raises Price Target to $38

PRO
Piper Sandler Maintains Neutral on Alerus Financial, Raises Price Target to $37

PRO
Keefe, Bruyette & Woods Maintains Market Perform on Alerus Financial, Raises Price Target to $32

PRO
Raymond James Reinstates Outperform on Alerus Financial, Announces $34 Price Target

PRO
Piper Sandler Maintains Neutral on Alerus Financial, Raises Price Target to $32

People Also Watch

People Also Watch

Alerus Financial Corp

Alerus Financial (ALRS) Stock Price Target 2026

The Average Analyst Price Target for Alerus Financial is $30.43.

Latest Upgrades and Downgrades for Alerus Financial Stock

Analyst Ratings News

PROKeefe, Bruyette & Woods Maintains Market Perform on Alerus Financial, Raises Price Target to $34

PROPiper Sandler Upgrades Alerus Financial to Overweight, Raises Price Target to $38

PROPiper Sandler Maintains Neutral on Alerus Financial, Raises Price Target to $37

PROKeefe, Bruyette & Woods Maintains Market Perform on Alerus Financial, Raises Price Target to $32

PRORaymond James Reinstates Outperform on Alerus Financial, Announces $34 Price Target

PROPiper Sandler Maintains Neutral on Alerus Financial, Raises Price Target to $32

People Also Watch

People Also Watch

PRO
Keefe, Bruyette & Woods Maintains Market Perform on Alerus Financial, Raises Price Target to $34

PRO
Piper Sandler Upgrades Alerus Financial to Overweight, Raises Price Target to $38

PRO
Piper Sandler Maintains Neutral on Alerus Financial, Raises Price Target to $37

PRO
Keefe, Bruyette & Woods Maintains Market Perform on Alerus Financial, Raises Price Target to $32

PRO
Raymond James Reinstates Outperform on Alerus Financial, Announces $34 Price Target

PRO
Piper Sandler Maintains Neutral on Alerus Financial, Raises Price Target to $32