Arrow Financial Corporation (AROW) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Hold
Based on 1 analysts10.8% Below Target
AROW trades 10.8% below Wall Street's consensus target of $43.00.
Current Price$38.80
Average Target$43.00
Low$43.00
Median$43.00
High$43.00
Analyst Target Range
Forward P/E10.3x
(Value)
PEG Ratio5.40
(Expensive)
Implied Growth+40.0%
(High Growth)
Analyst Spread0.0%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes AROW achieves its forward estimates and maintains a stable P/E multiple of 10.3x. This scenario reflects the blended consensus of 1 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
AROW Price Target Analysis
Updated June 22, 2026As of June 22, 2026, Arrow Financial Corporation (AROW) has a Wall Street consensus price target of $43.00, based on estimates from 1 covering analysts. With the stock currently trading at $38.80, this represents a potential upside of +10.8%. The company has a market capitalization of $641M.
Analyst price targets range from a low of $43.00 to a high of $43.00, representing a 0% spread in expectations. The median target of $43.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 0 analysts rating the stock as a Buy or Strong Buy,1 rating it Hold, and 0 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, AROW trades at a trailing P/E of 14.6x and forward P/E of 10.3x. The forward PEG ratio of 5.40 reflects a premium valuation. Analysts expect EPS to grow +40.0% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $51.97, with bear and bull scenarios of $32.74 and $68.47 respectively. Model confidence stands at 43/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Financial Services stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
-12.4%
Industry Consensus
Avg Forward P/E
11.7x
(Value)
Peers with Coverage
7 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 CZWICitizens Community Bancorp, Inc. | $205M | $21.34 | — | — | Buy | 11.7x | 2 |
 FUNCFirst United Corporation | $277M | $42.58 | $25.00 | -41.3% | Buy | 9.8x | 1 |
 NECBNortheast Community Bancorp, Inc. | $356M | $25.74 | — | — | Hold | 8.2x | 1 |
 TRSTTrustCo Bank Corp NY | $925M | $52.24 | — | — | Hold | 18.2x | 3 |
 CHMGChemung Financial Corporation | $341M | $70.97 | $50.00 | -29.5% | Hold | 9.9x | 7 |
 FISIFinancial Institutions, Inc. | $735M | $37.36 | $36.00 | -3.6% | Hold | 9.3x | 6 |
 NBTBNBT Bancorp Inc. | $2.4B | $46.68 | $46.00 | -1.5% | Hold | 11.2x | 10 |
 STBAS&T Bancorp, Inc. | $1.7B | $46.84 | $37.67 | -19.6% | Hold | 12.6x | 12 |
 CNOBConnectOne Bancorp, Inc. | $1.6B | $32.45 | $34.00 | +4.8% | Buy | 9.9x | 11 |
 EGBNEagle Bancorp, Inc. | $842M | $27.60 | $28.67 | +3.9% | Hold | 16.2x | 14 |
AROW — Frequently Asked Questions
Quick answers to the most common questions about buying AROW stock.
What is the AROW stock price target for 2026?
Arrow Financial Corporation (AROW) has a consensus 12-month price target of $43, implying 10.8% upside from $38.8. The 1 analysts covering AROW see moderate appreciation potential.
Is AROW a buy, sell, or hold?
AROW has a consensus rating of "Hold" based on 1 Wall Street analysts. The rating breakdown is mixed, with 1 Hold ratings making up the largest segment. The consensus 12-month price target of $43 implies 10.8% upside from current levels.
Is AROW stock overvalued or undervalued?
With a forward P/E of 10.3467x, AROW trades at a relatively low valuation. The consensus target of $43 implies 10.8% appreciation, suggesting meaningful undervaluation.
How high can AROW stock go?
The most bullish Wall Street analyst has a price target of $43 for AROW, while the most conservative target is $43. The consensus of $43 represents the median expectation. Our quantitative valuation model projects a bull case target of $68 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover AROW stock?
AROW is lightly followed, with 1 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 0 have Buy ratings, 1 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the AROW stock forecast?
The 12-month AROW stock forecast based on 1 Wall Street analysts shows a consensus price target of $43, with estimates ranging from $43 (bear case) to $43 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $52, with bear/bull scenarios of $33/$68.
What is AROW's fair value based on fundamentals?
Our quantitative valuation model calculates AROW's fair value at $52 (base case), with a bear case of $33 and bull case of $68. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 43/100.
What is AROW's forward P/E ratio?
AROW trades at a forward P/E ratio of 10.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 14.6x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy AROW stock?
Wall Street analysts are optimistic on AROW, with a "Hold" consensus rating and $43 price target (10.8% upside). 0 of 1 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do AROW price targets vary so much?
AROW analyst price targets range from $43 to $43, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $43 consensus represents the middle ground. Our model's $33-$68 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
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Peer Comparison
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