How should I use the ALRS analyst rating in my investment decisions?

Treat the ALRS analyst rating as one data point; combine it with company fundamentals, loan and deposit trends, and your risk profile before making buy or sell decisions.

Does the ALRS price target change mean the stock will reach $29?

A price target is an analyst projection, not a promise. The ALRS analyst rating and new **$29** target reflect Raymond James’ view, but market forces and results will determine actual price movement.

Where can I read the underlying analyst note and company earnings details?

Raymond James’ note was reported by TheFly; see the summary of the price-target change [source](https://thefly.com/permalinks/entry.php/id4281997/9361286394/ALRS-Alerus-Financial-price-target-raised-by--at-Raymond-James-heres-why). Company call details are available via Seeking Alpha [source](https:

Analyst Ratings

Alerus Financial Corporation (ALRS) Strong Buy Maintained by Raymond James Jan’26

ByDanny Kontos February 2, 2026February 2, 2026

Raymond James on Jan 30, 2026 maintained a Strong Buy on Alerus Financial Corporation (ALRS) and raised its price target to $29 from $27. The ALRS analyst rating update signals continued conviction from a major regional-bank analyst, and the firm cited the company’s recent earnings and margin outlook. Investors should note the small intraday tick of +1.03% ($0.25) recorded at the time of the bulletin and the company’s market cap of $626,043,445. Meyka AI, an AI-powered market analysis platform, tracked the move as part of real-time analyst coverage.