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Alerus Financial Corp has a consensus price target of $23.5 based on the ratings of 4 analysts. The high is $24 issued by Raymond James on September 17, 2024. The low is $23 issued by DA Davidson on August 1, 2024. The 3 most-recent analyst ratings were released by Raymond James, DA Davidson, and Keefe, Bruyette & Woods on September 17, 2024, August 1, 2024, and July 29, 2024, respectively. With an average price target of $23.33 between Raymond James, DA Davidson, and Keefe, Bruyette & Woods, there's an implied 6.98% upside for Alerus Financial Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Alerus Finl (NASDAQ:ALRS) was reported by Raymond James on September 17, 2024. The analyst firm set a price target for $24.00 expecting ALRS to rise to within 12 months (a possible 10.04% upside). 8 analyst firms have reported ratings in the last year.
The latest analyst rating for Alerus Finl (NASDAQ:ALRS) was provided by Raymond James, and Alerus Finl upgraded their outperform rating.
The last upgrade for Alerus Financial Corp happened on September 17, 2024 when Raymond James raised their price target to $24. Raymond James previously had a market perform for Alerus Financial Corp.
There is no last downgrade for Alerus Finl.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Alerus Finl, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Alerus Finl was filed on September 17, 2024 so you should expect the next rating to be made available sometime around September 17, 2025.
While ratings are subjective and will change, the latest Alerus Finl (ALRS) rating was a upgraded with a price target of $0.00 to $24.00. The current price Alerus Finl (ALRS) is trading at is $21.81, which is within the analyst’s predicted range.
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