Allstate Corp., US0200021014

Wells Fargo cuts target to USD 236 for Allstate stock

Published on 10/16/2026 at 09:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Allstate stock costs EUR 213.70 on October 16, 2026. Third-quarter results are due November 4, 2026, before the November 5 call.

Analyst target and reporting date

Wells Fargo lowered its Allstate target from USD 250.00 to USD 236.00 on October 12, 2026.
Second-quarter revenue reached USD 18.60 billion, up 11.80 percent year over year.
Allstate stock was trading at EUR 213.70 at 9:44 a.m. CEST at Lang & Schwarz on October 16, 2026.

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Allstate Corp. stock was trading at EUR 213.70 at Lang & Schwarz on October 16, 2026, at 9:44 a.m. CEST. The latest analyst move came from Wells Fargo, which lifted its rating to Equal Weight from Underweight while cutting its target from USD 250.00 to USD 236.00 on October 12, 2026, according to Investing.com.

Wells Fargo lowers the target

The target change followed an 11.00 percent decline in Allstate shares since the start of September, while Wells Fargo said the stock had become fairly valued after its underperformance. The firm also warned that margins could deteriorate as pricing growth slows, according to Investing.com.

Three dates frame the story

On August 5, 2026, Allstate reported second-quarter revenue of USD 18.60 billion, up 11.80 percent from the prior year, while earnings per share reached USD 8.99 versus a USD 6.06 consensus estimate, according to Benzinga. On October 5, 2026, Allstate scheduled its third-quarter release for November 4, 2026, followed by the earnings call on November 5, 2026, according to Allstate Newsroom. On October 12, 2026, Wells Fargo changed its rating and target.

What does the target cut mean?

The new USD 236.00 target places the analyst view below the earlier USD 250.00 level, but it is not a forecast for the companys reported results. The key test is whether the third-quarter figures show that the second-quarter profitability can persist as pricing conditions change.

Second-quarter results set the baseline

Allstate reported USD 3.27 billion in consolidated net income for the second quarter of 2026, with a 19.00 percent net margin. The company also reported USD 2.63 billion in operating cash flow for that period. The earnings release will give investors a fresh comparison with those figures on November 4, 2026.

Stock price in euros

Allstate stock was trading at EUR 213.70 at Lang & Schwarz on October 16, 2026, at 9:44 a.m. CEST. The primary listing is on the NYSE in USD, while the German investor perspective in this article uses the euro quotation.