Barclays cuts target for Allianz stock from EUR 353.00 to EUR 351.00

Published on 10/23/2026 at 10:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half operating profit rose 8.60 percent to EUR 9.40 billion. Allianz stock costs EUR 428.35 on October 23, 2026, below the EUR 432.60 Xetra close.

Analyst caution meets earnings test

On October 23, 2026, Barclays cut its target to EUR 351.00 from EUR 353.00.
First-half operating profit reached EUR 9.40 billion, up 8.60 percent year on year on August 7, 2026.
Allianz stock trades at EUR 428.35 at 10:02 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.98 percent below the Xetra close of October 22, 2026.

Isometrische 3D-Icons von Haus, Auto, Familienschutz und Wachstumsdiagramm verbunden — Isometrische 3D-Grafik der Versicherungs-Wertschöpfungskette veranschaulicht das Geschäftsmodell von Allianz SE, ISIN DE0008404005, im Depot, Illustration mit AI erstellt.

Allianz (ISIN DE0008404005) faces a Barclays target cut from EUR 353.00 to EUR 351.00 on October 23, 2026, while the bank kept its Underweight rating, according to Zonebourse. At Lang & Schwarz, Allianz stock was trading at EUR 428.35 on October 23, 2026 at 10:02 a.m. CEST, 0.98 percent below the Xetra close of October 22, 2026 at EUR 432.60. The combination leaves the next earnings report as the key test for whether operating performance can support the valuation.

Three dates reset the valuation

On August 7, 2026, Allianz reported first-half operating profit of EUR 9.40 billion, up 8.60 percent from the prior-year period, according to Capital.com. On October 8, 2026, Jefferies raised its target from EUR 420.00 to EUR 440.00 while retaining a Hold rating, as reported by Borse Express.

On October 23, 2026, Barclays reduced its target from EUR 353.00 to EUR 351.00 and retained Underweight, according to Zonebourse. The sequence shows a market still willing to raise long-term estimates in some cases, but also sensitive to near-term earnings assumptions.

What does the target cut change?

The immediate change is limited because Barclays did not alter its Underweight view. Allianz management's full-year 2026 operating profit guidance remains EUR 17.40 billion plus or minus EUR 1.00 billion, and the company has an existing EUR 2.50 billion share buyback program, according to Capital.com. That guidance gives the November report a clear benchmark, while the revised target signals caution rather than a broad change in the analyst rating.

Next report arrives November 12

Allianz is scheduled to publish its third-quarter 2026 results on November 12, 2026, followed by an Inside Allianz Series event on December 8, 2026, according to the company's Allianz investor-relations calendar. The earnings release will show whether the first-half operating result is carrying into the second half and how the company frames claims, investment income and capital returns.

Stock remains below its yearly high

Allianz's current euro quotation is EUR 428.35 at Lang & Schwarz on October 23, 2026 at 10:02 a.m. CEST. The Xetra comparison is EUR 432.60 for October 22, 2026, while the 52-week range is EUR 338.80 to EUR 454.60 as of October 23, 2026. For investors, the central question is whether the November figures can provide stronger evidence than the mixed target changes.

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