JPMorgan raises target for Aflac stock from USD 116 to USD 119

Published on 10/21/2026 at 11:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue fell 1.00 percent to USD 4.12 billion. Aflac stock costs EUR 107.15 on October 21, 2026, and results are due November 4.

Analyst revision leads the update

JPMorgan lifted its Aflac target from USD 116.00 to USD 119.00 on October 15, 2026.
Second-quarter 2026 revenue fell 1.00 percent to USD 4.12 billion, while net income reached USD 825.0 million.
Aflac stock trades at EUR 107.15 at 11:30 a.m. CEST at Lang & Schwarz on October 21, 2026.
The company is valued at USD 60.3 billion as of October 20, 2026.

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Aflac Inc. (ISIN US0010551028) received a higher JPMorgan price target of USD 119.00 from USD 116.00 on October 15, 2026, according to Markets Insider. Aflac stock was trading at EUR 107.15 at Lang & Schwarz on October 21, 2026 at 11:30 a.m. CEST.

Second-quarter results set the backdrop

Aflac reported second-quarter 2026 revenue of USD 4.12 billion, down 1.00 percent from USD 4.22 billion a year earlier. Net income rose to USD 825.0 million from USD 597.0 million, while earnings per share reached USD 1.62 versus USD 1.12 in the second quarter of 2025, according to Simply Wall St.

The margin comparison was also notable: second-quarter 2026 profit margin was 20 percent, compared with 14 percent in the year-earlier quarter. The result gives the target revision a more balanced setting, with lower revenue but higher net income and margin.

Three target changes since October 7

On October 7, 2026, Mizuho cut its target from USD 116.00 to USD 107.00, as reported by Yahoo Finance. On October 12, 2026, BofA lowered its target from USD 137.00 to USD 133.00 while keeping a Buy rating, according to Markets Insider.

On October 15, 2026, JPMorgan moved in the opposite direction by raising its target to USD 119.00 from USD 116.00 and retaining a Neutral rating, according to Markets Insider.

What does the target change mean?

The latest revision leaves JPMorgan's target USD 12.00 above Mizuho's USD 107.00 level, a spread that highlights the differing views around Aflac's earnings outlook. The company is valued at USD 60.3 billion, with a 52-week range of USD 105.43 to USD 130.22 as of October 20, 2026.

Results arrive on November 4

Aflac will release third-quarter 2026 results after the market closes on November 4, 2026. Its webcast is scheduled for 8:00 a.m. ET on November 5, 2026, according to the company's Aflac. The release date is the next concrete test for whether stronger profitability can offset the second-quarter revenue decline.

Stock value and reporting calendar

Aflac stock was trading at EUR 107.15 at Lang & Schwarz on October 21, 2026 at 11:30 a.m. CEST. The company reports on the NYSE under ticker AFL and operates in life insurance, with business divisions in the United States and Japan. The further course of trading is shown by the continuously updated real-time quote of Aflac stock.