Allstate Corp., US0200021014

Bank of America raises target for Allstate stock to USD 340.00

Published on 10/15/2026 at 11:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bank of America set USD 340.00 as its target on October 12, 2026. Allstate stock costs EUR 212.90 at Lang & Schwarz on October 15, 2026.

Analyst targets and reporting dates

Bank of America raised its Allstate target to USD 340.00 on October 12, 2026.
Second-quarter revenue reached USD 18.60 billion, up 11.80 percent year over year.
Allstate stock trades at EUR 212.90 at 10:59 a.m. CEST at Lang & Schwarz on October 15, 2026.
Third-quarter results are scheduled for November 4, 2026, with the earnings call on November 5, 2026.

Versicherungsberater im modernen Büro mit Kundenpaar beim Beratungsgespräch — Allstate Corp. US0200021014 zeigt einen Versicherungsberater beim Beratungsgespräch mit einem jungen Kundenpaar im Büro, Illustration mit AI erstellt.

Allstate Corp. (ISIN US0200021014) received a Bank of America target increase from USD 336.00 to USD 340.00 on October 12, 2026, according to Markets Insider. The Buy rating was maintained, putting analyst attention back on the insurer before its next quarterly report.

Targets diverge before results

The USD 340.00 target contrasts with a more cautious Wells Fargo view. On October 12, 2026, Wells Fargo upgraded Allstate to Equal Weight from Underweight but cut its target from USD 250.00 to USD 236.00, citing valuation and possible margin pressure, Investing.com reported.

Allstate entered this debate after a strong second quarter. Revenue reached USD 18.60 billion in the quarter ended June 30, 2026, up 11.80 percent from the prior-year quarter, while consolidated net income was USD 3.27 billion and diluted earnings per share were USD 12.51, according to the standardized financial statement. The revenue comparison gives the target debate an operating reference, while Wells Fargo's warning points to future pricing and claims pressure.

What does the next report mean?

The chronology is clear: Allstate reported USD 18.60 billion of revenue for the quarter ended June 30, 2026, scheduled its next report on October 5, 2026, and saw Bank of America raise its target to USD 340.00 on October 12, 2026. The first event is documented by Business Quant, the schedule by Allstate Newsroom, and the target move by Markets Insider. For investors, the next report will test whether the recent earnings strength can persist as pricing conditions change.

Key dates for the insurer

Allstate is scheduled to release third-quarter 2026 results after 4:15 p.m. ET on November 4, 2026. Management is scheduled to discuss the figures at 9:00 a.m. ET on November 5, 2026, according to Allstate Newsroom.

Stock valuation before the release

Allstate's primary listing is on the NYSE under ticker ALL. Its USD 60.8 billion market capitalization and USD 188.08 to USD 277.22 52-week range were reported for October 14, 2026. The EUR quote from Lang & Schwarz was EUR 212.90 on October 15, 2026 at 10:59 a.m. CEST.

Allstate stock was trading at EUR 212.90 at Lang & Schwarz on October 15, 2026 at 10:59 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Allstate stock.