Allstate Corp., US0200021014

Allstate stock: BofA raises target from USD 336.00 to USD 340.00

Published on 10/20/2026 at 16:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results arrive November 4, 2026. Allstate stock costs EUR 221.00 on October 20, 2026, up 1.19 percent versus Tradegate close.

Analyst target and reporting date

Bank of America raised its Allstate target from USD 336.00 to USD 340.00 on October 12, 2026.
Allstate plans to release third-quarter 2026 results on November 4, 2026 after 4:15 p.m. ET.
Allstate stock costs EUR 221.00 at Lang & Schwarz on October 20, 2026 at 4:38 p.m. CEST, plus 1.19 percent versus the Tradegate close.

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Allstate Corp. (US0200021014) faces a higher Bank of America valuation marker after the firm lifted its price target from USD 336.00 to USD 340.00 on October 12, 2026, while keeping a Buy rating, as MarketBeat reported. The target is 36.39 percent above Allstate's USD 249.28 NYSE price at 10:50 a.m. ET on October 20, 2026. At Lang & Schwarz, the euro quote was EUR 221.00 on October 20, 2026 at 4:38 p.m. CEST, plus 1.19 percent versus the Tradegate close of October 19, 2026 at EUR 218.40.

Bank of America sets a higher bar

The move from USD 336.00 to USD 340.00 gives the analyst view a modestly higher valuation ceiling, but it does not remove the spread in current opinions. A MarketBeat summary published on October 12, 2026 also listed Wells Fargo at USD 236.00 and HSBC at USD 266.00, leaving Bank of America's target well above those cited levels. The comparison is directional rather than a forecast for Allstate's euro quotation.

Results date brings the next test

Allstate will release third-quarter 2026 results after 4:15 p.m. ET on November 4, 2026 and hold its earnings call at 9:00 a.m. ET on November 5, 2026, according to the Allstate Newsroom. MarketBeat lists consensus third-quarter revenue of USD 15.84 billion and earnings per share of USD 6.89, against USD 17.26 billion and USD 11.17 in the year-earlier quarter, respectively. Those estimates imply a lower comparison base for the scheduled release.

Price position and valuation

The NYSE quote of USD 249.28 was up USD 2.43, or 0.98 percent, at 10:50 a.m. ET on October 20, 2026. The same quote placed Allstate's market capitalization at USD 63.0 billion and its price-to-earnings ratio at 4.98. Its 52-week range was USD 188.08 to USD 277.22, leaving the current home-market price USD 27.94 below the high and USD 61.20 above the low.

Allstate's closest listed insurance comparisons show a different valuation profile. Progressive traded at USD 219.92, up 0.37 percent, with a price-to-earnings ratio of 11.06 and a USD 127.8 billion market capitalization at 10:51 a.m. ET on October 20, 2026. Travelers traded at USD 392.68, up 1.87 percent, with a ratio of 10.30 and a USD 81.9 billion market capitalization at 10:51 a.m. ET.

What comes next for Allstate

The November release will give investors a fresh measure of premium growth, claims costs and earnings against the USD 15.84 billion revenue consensus. The scheduled call follows the release by one day, giving management a separate opportunity to discuss the third-quarter figures and the assumptions behind the current analyst range.

Allstate stock holds above the Tradegate close

The euro quotation stood at EUR 221.00 at Lang & Schwarz on October 20, 2026 at 4:38 p.m. CEST, or 1.19 percent above the Tradegate close of October 19, 2026 at EUR 218.40. The primary-market quote was USD 249.28 on the NYSE at 10:50 a.m. ET on October 20, 2026.

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