Piper Sandler Rates Arrow Financial (AROW) buy, $43 Price Target

Piper Sandler boosts its price target for Arrow Financial Corporation to $43, reflecting confidence in the company's growth, a 12.74% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:12 PM EDT · Updated Jun 13, 2026, 1:00 AM EDT

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Piper Sandler rated Arrow Financial Corporation ($AROW) "buy" with a $43 price target on June 12, 2026.

Since the rating, $AROW is down 2.0% after 1 week, up 2.6% after 1 month and down 6.8% to date (from the $39.55 close on Jun 12, 2026).

AROW Arrow Financial Corporation

$36.85 +20.66% year to date

Daily close · Oct 16, 2026

Key Points

Piper Sandler raised its rating on Arrow Financial Corporation (AROW) to buy with a target price of $43 on June 12, 2026.
Piper Sandler's $43 price target implies 12.74% upside from Arrow Financial Corporation's ($AROW) current $38.14 share price.
The stock is currently priced at $38.14, up from a previous close of $37.84, showing a positive trend in the market.
Analysts have a consensus target mean price of $43.5, with four opinions suggesting a strong outlook for AROW.

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Piper Sandler Boosts Rating on AROW

Piper Sandler raised its rating on Arrow Financial Corporation (AROW) to a buy with a price target of $43 on June 12, 2026. This change comes as AROW's shares were trading at $38.14, slightly higher than the previous close of $37.84. The increase in the rating reflects Piper Sandler's confidence in the company's future performance.

Comparing Wall Street Ratings

Piper Sandler's new target of $43 aligns closely with the consensus target mean price of $43.5 from four analysts. This shows a generally positive outlook for AROW among analysts. Recently, Raymond James initiated coverage with an outperform rating and a target of $44 on September 2, 2026. Keefe, Bruyette & Woods also initiated coverage on June 25, 2026, giving a market perform rating with a target of $42. In contrast, Piper Sandler had previously reiterated an overweight rating with a higher target of $46 on July 28, 2026.

Stock Performance and Market Context

As of Saturday when this article is published, AROW's shares are trading at $38.14, which is close to its 50-day moving average of $39.36. The stock has shown resilience, trading above its 52-week low of $25.88. The recent analyst upgrades suggest that AROW is positioned well in the market, especially as it approaches its next earnings report scheduled for October 29, 2026.

12-month forecast

$AROW price target

Arrow Financial Corporation daily closes and this analyst's $43 target. Not advice.

Recent Earnings

In its most recent earnings report, Arrow Financial Corporation posted a revenue of $170.2 million, reflecting a growth rate of 4.6%. The company’s earnings per share (EPS) stood at $3.1, and it achieved a net margin of 30.1%. With a return on equity (ROE) of about 12%, AROW shows solid profitability metrics. Investors will be looking closely at the upcoming earnings on October 29, 2026, to gauge the company's ongoing performance.

What AROW Does

Arrow Financial Corporation operates as a bank holding company, providing a range of banking and financial services in the United States. It focuses on both commercial and consumer banking, offering various deposit and loan products. The recent analyst upgrades reflect a growing confidence in the company’s ability to navigate the financial landscape effectively.

What’s Next for AROW?

Looking ahead, investors will monitor Arrow Financial’s performance in its upcoming earnings report on October 29, 2026. Additionally, the market will keep an eye on any further analyst updates and ratings changes that may arise as the company continues to evolve in the financial sector. As a reminder, the recent rating changes reflect past performance and may not represent current market conditions.