Allstate Corp., US0200021014

Allstate stock: BofA raises target for Allstate stock to USD 340.00

Published on 10/21/2026 at 16:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 18.60 billion in second-quarter 2026, up from USD 16.94 billion. Allstate stock costs EUR 223.10 on October 21, 2026.

BofA target remains above the quote

BofA raised its Allstate target from USD 336.00 to USD 340.00 on October 12, 2026.
Second-quarter revenue reached USD 18.60 billion versus USD 16.94 billion in the first quarter of 2026.
Allstate stock costs EUR 223.10 at Lang & Schwarz on October 21, 2026 at 4:37 p.m. CEST.
Allstate is scheduled to release third-quarter results on November 4, 2026.

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BofA raised its price target for Allstate stock from USD 336.00 to USD 340.00 on October 12, 2026, and kept its Buy rating, as Markets Insider reported. The target stands 35.78 percent above Allstate's USD 250.43 NYSE price at 10:47 a.m. EDT on October 21, 2026. At Lang & Schwarz, the stock was trading at EUR 223.10 on October 21, 2026 at 4:37 p.m. CEST.

Revenue reached USD 18.60 billion

Allstate generated USD 18.60 billion in revenue in the second quarter of 2026, compared with USD 16.94 billion in the first quarter. Net income was USD 3.27 billion and diluted earnings per share were USD 12.51 in the second quarter of 2026. These figures come from the company's standardized quarterly financial statements for the period ended June 30, 2026.

MarketBeat also reported second-quarter revenue of USD 18.60 billion and earnings per share of USD 8.99 in an October 18, 2026 filing summary. The difference in earnings-per-share figures reflects different reporting measures, so the figures are not combined.

What matters before November 4?

Allstate is scheduled to release its third-quarter 2026 results after 4:15 p.m. ET on November 4, 2026. The company also scheduled its earnings call for November 5, 2026 at 9:00 a.m. ET, according to the Financial Times.

The upcoming release will provide the next detailed comparison for revenue, earnings and catastrophe losses. The second-quarter asset base stood at USD 124.76 billion on June 30, 2026, while operating cash flow reached USD 2.63 billion in the same quarter.

Valuation stays tied to insurance results

Allstate's NYSE market capitalization was USD 63.3 billion on October 21, 2026, with a trailing price-to-earnings ratio of 5.00. The primary-exchange 52-week range was USD 188.08 to USD 277.22 on the same date. The current NYSE quote therefore sat USD 26.79 below the annual high, while the BofA target was USD 62.78 above that quote.

Stock position and next date

The euro quotation gives German investors a separate view of the same company, while the NYSE figures provide the home-market valuation context. The next scheduled corporate event is the third-quarter release on November 4, 2026, followed by the earnings call on November 5, 2026.

Allstate stock stays linked to the next results

BofA's USD 340.00 target and the November 4 reporting date give investors two dated reference points ahead of the next earnings release. Allstate's second-quarter revenue of USD 18.60 billion remains the latest period figure used here.

The further course of trading is shown by the continuously updated real-time quote of Allstate stock.