Allstate Corp., US0200021014

Wall Street Zen upgrades Allstate to strong buy for Allstate stock

Published on 10/20/2026 at 11:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Analyst consensus is Hold at USD 270.19 after the October 17 upgrade. Allstate stock costs EUR 220.55 on October 20, 2026, versus the EUR 218.40 Xetra close.

Analyst view and earnings context

On October 17, 2026, Wall Street Zen moved Allstate from buy to strong buy.
Second-quarter 2026 revenue reached USD 18.60 billion, up 11.80 percent year over year.
Allstate stock trades at EUR 220.55 at 11:15 a.m. CEST at Lang & Schwarz on October 20, 2026, 0.98 percent above the Xetra close of October 19, 2026.

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Allstate Corp. (ISIN US0200021014) was trading at EUR 220.55 at Lang & Schwarz on October 20, 2026, at 11:15 a.m. CEST, up 0.98 percent versus the Xetra close of October 19, 2026 at EUR 218.40. MarketBeat reported on October 17, 2026, that Wall Street Zen upgraded Allstate from buy to strong buy.

Results set the operating baseline

Benzinga reported that second-quarter 2026 revenue increased 11.80 percent year over year to USD 18.60 billion. Net income reached USD 3.20 billion, while adjusted net income was USD 2.30 billion, or USD 8.99 per share.

The operating detail was mixed rather than one-directional. Property-Liability net premiums written increased 2.60 percent in the second quarter, while the combined ratio improved to 86.60. The underlying combined ratio was 79.40, showing that catastrophe and reserve effects remain important to the earnings picture.

Three dates define the story

On August 5, 2026, MarketBeat reported quarterly earnings of USD 8.99 per share against a USD 6.06 consensus estimate. On September 17, 2026, Beanvest cited USD 748.00 million of estimated August catastrophe losses. On October 17, 2026, Wall Street Zen upgraded Allstate from buy to strong buy, as reported by MarketBeat.

What does the upgrade change?

The analyst backdrop remains divided. MarketBeat cited a Hold consensus and an average price target of USD 270.19, while Allstate shares were within a 52-week range of USD 188.08 to USD 277.22. That target is 22.22 percent above the NYSE price of USD 220.96 cited in the same report, leaving valuation sensitive to underwriting results and catastrophe costs.

Next results date

Simply Wall St lists November 4, 2026, as the date for Allstate third-quarter 2026 results. The upcoming report will test whether revenue growth and the 86.60 combined ratio can offset the volatility from weather losses.

Stock stays near its recent range

Allstate is listed on the NYSE, and its current euro indication sits 20.55 percent above the cited 52-week low while remaining 20.42 percent below the high. The small 0.98 percent daily move keeps the latest analyst action and the November reporting date more important than the intraday change.

Allstate stock was trading at EUR 220.55 at Lang & Schwarz on October 20, 2026, at 11:15 a.m. CEST, 0.98 percent above the Xetra close of October 19, 2026 at EUR 218.40. The further course of trading is shown by the continuously updated real-time quote of Allstate stock.