Allstate Corp., US0200021014

Bank of America raises target for Allstate stock to USD 340

Published on 10/26/2026 at 16:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Allstate reported Q2 revenue up 11.80 percent to USD 18.60 billion on October 9, 2026. Allstate stock costs EUR 228.40 on October 26, 2026.

Analyst target and reporting date

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 traded at EUR 228.40 at Lang & Schwarz on October 26, 2026.
Allstate is scheduled to report third-quarter results on November 4, 2026.
Allstate's trailing P/E was 5.10 on October 26, 2026.

Allstate Corp., US0200021014, Illustration mit AI erstellt.

Bank of America raised its price target for Allstate from USD 336.00 to USD 340.00 and assigned a Buy rating in a research note dated October 12, 2026, as MarketBeat reported. Allstate stock was trading at EUR 228.40 at Lang & Schwarz on October 26, 2026 at 4:40 p.m. CEST.

Target leaves room for earnings

The USD 340.00 target lies 33.29 percent above Allstate's USD 255.09 price on the NYSE at 11:48 a.m. EDT on October 26, 2026. The target therefore offers a clear numerical contrast with the current home-market quotation, without changing the separate euro price used for German investors.

Quarterly earnings set the baseline

Allstate generated USD 18.60 billion in revenue in the second quarter of 2026, an 11.80 percent increase from the second quarter of 2025. Adjusted net income reached USD 2.30 billion, while adjusted earnings per share came to USD 8.99, compared with a USD 6.06 consensus estimate, according to the second-quarter call transcript published by Benzinga on October 9, 2026.

Price position and next date

On October 26, 2026, Allstate's NYSE quotation stood between a 52-week low of USD 188.08 and a high of USD 277.22, with a market capitalization of USD 64.5 billion and a trailing P/E of 5.10. The next scheduled result is November 4, 2026, when the company is expected to report third-quarter figures after the US market close, as Simply Wall St reported.

Comparison with peers

Allstate Corp.: 0.75 percent higher on October 26, 2026, P/E 5.10, market capitalization USD 64.5 billion.

The Travelers Companies, Inc. (NYSE, USD): 0.29 percent higher on October 26, 2026, P/E 10.47, market capitalization USD 81.9 billion.

The Progressive Corporation (NYSE, USD): 0.12 percent lower on October 26, 2026, P/E 11.47, market capitalization USD 132.4 billion.

What investors can track next

The upcoming November report will put the second-quarter earnings comparison into a new period. Until then, the USD 340.00 target, the USD 18.60 billion quarterly revenue base and the USD 64.5 billion market value provide the main numerical reference points.

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