Bank of America raises target for Allstate stock to USD 340
Published on 10/13/2026 at 11:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Bank of America raised its Allstate target from USD 336.00 to USD 340.00 on October 12, 2026.
- Allstate reported USD 18.6 billion in second-quarter 2026 revenue and USD 3.27 billion in net income.
- The next earnings release is scheduled for November 4, 2026, after 4:15 p.m. ET.
- Allstate stock was EUR 209.10 at Lang & Schwarz on October 13, 2026, at 11:12 a.m. CEST.
Bank of America lifted its Allstate target from USD 336.00 to USD 340.00 on October 12, 2026, while Allstate stock (ISIN US0200021014) was trading at EUR 209.10 at Lang & Schwarz on October 13, 2026, at 11:12 a.m. CEST. The Buy rating stayed in place, according to Markets Insider.
Three events shaped the stock
On August 5, 2026, Allstate reported USD 18.60 billion in second-quarter revenue and USD 3.27 billion in consolidated net income. The quarter's diluted earnings per share were USD 12.51, according to Benzinga.
On October 5, 2026, Allstate scheduled its third-quarter earnings release for November 4, 2026. On October 12, 2026, the company said it had deployed five mobile claims centers in Alabama and Florida after Hurricane Isaias, according to PR Newswire.
What does the target change signal?
The target move is not uniform analyst support. On October 12, 2026, Keefe, Bruyette & Woods cut its target from USD 250.00 to USD 232.00 and kept an Underperform rating, according to MarketBeat. That USD 108.00 spread between the two targets highlights the debate over valuation and future insurance margins.
Allstate's second-quarter operating picture supplied the bullish counterpoint. Total revenue rose 11.8 percent from the second quarter of 2025, while the Property-Liability combined ratio improved 4.5 points to 86.6, according to the Benzinga transcript. The same source reported USD 2.3 billion in adjusted net income and USD 5.1 billion in adjusted net income for the first half of 2026.
November brings two key dates
Allstate's next earnings release is scheduled for November 4, 2026, after 4:15 p.m. ET, followed by the earnings call on November 5, 2026, at 9:00 a.m. ET, according to Allstate Newsroom. Those dates put underwriting margins, catastrophe losses and revenue growth next in line for investors.
Stock price and market value
Allstate stock was trading at EUR 209.10 at Lang & Schwarz on October 13, 2026, at 11:12 a.m. CEST. The structured market quote for October 12, 2026, places market capitalization at USD 59.9 billion and the 52-week range at USD 188.08 to USD 277.22.
The further course of trading is shown by the continuously updated real-time quote of Allstate stock.
Allstate stock facts
- Company: The Allstate Corporation
- ISIN: US0200021014
- Ticker: ALL
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 13, 2026, 11:12 a.m. CEST): EUR 209.10
- Market capitalization: USD 59.9 billion (as of October 12, 2026)
- 52-week range: USD 188.08-277.22 (as of October 12, 2026)
- Sector / Industry: Financial Services / Insurance - Property & Casualty
- Next earnings date: November 4, 2026
Market context: Market report S&P 500.
