Allstate Corp., US0200021014

Morgan Stanley cuts target for Allstate stock to USD 240.00

Published on 10/07/2026 at 15:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Target moves from USD 265.00 to USD 240.00 on October 6, 2026. Allstate stock costs EUR 202.65 on October 7, 2026 after EUR 199.15, plus 1.76 percent.

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Allstate stock (ISIN US0200021014) was trading at EUR 202.65 at Lang & Schwarz on October 7, 2026 at 3:01 p.m. CEST, up 1.76 percent from the prior close of EUR 199.15. The immediate market issue is a fresh Morgan Stanley target cut ahead of Allstate's third-quarter report.

Morgan Stanley trims its target

According to Markets Insider on October 6, 2026, Morgan Stanley lowered its Allstate price target from USD 265.00 to USD 240.00 and kept an Equal Weight rating. The note said property and casualty insurance coverage was being reassessed ahead of third-quarter reporting.

The revised target is USD 25.00 below the previous target, a 9.43 percent reduction calculated against USD 265.00. Morgan Stanley also pointed to underwriting quality and tepid growth as issues for the coming report, making claims performance more important than the headline valuation alone.

Second-quarter earnings set the bar

Allstate entered the debate with a strong second-quarter result. Fortune reported that revenue reached USD 18.60 billion in the second quarter of 2026, up 11.80 percent from the second quarter of 2025.

The same earnings account said net income was USD 3.20 billion, while adjusted net income reached USD 2.30 billion, or USD 8.99 in adjusted earnings per share. The quarter therefore gives investors a concrete comparison point: revenue growth remained double digit even as analysts debated the quality and durability of underwriting gains.

Stock remains below its yearly high

Allstate's market capitalization stood at USD 57.7 billion as of October 6, 2026. Its primary-exchange 52-week range was USD 188.08 to USD 277.22, placing the Lang & Schwarz price EUR 75.00 below the upper end of that dollar range without a cross-currency percentage comparison.

Stock Analysis identifies The Allstate Corporation as NYSE: ALL and confirms ISIN US0200021014. TradingView lists November 4, 2026 as the next report date for the third quarter of 2026.

What matters before November 4

The next valuation test is whether Allstate can repeat the second-quarter combination of USD 18.60 billion in revenue and USD 8.99 adjusted earnings per share while controlling catastrophe and underwriting costs. The USD 240.00 Morgan Stanley target puts the emphasis on that operating balance rather than on revenue growth alone.

At Lang & Schwarz, Allstate was trading at EUR 202.65 on October 7, 2026 at 3:01 p.m. CEST, plus 1.76 percent versus the prior close of EUR 199.15. The further course of trading is shown by the continuously updated real-time quote of Allstate stock.