Aflac (AFL) Stock Forecast & Price Target

$115.27

+1.74 (+1.53%)

(As of 10/4/2024 ET)

Aflac - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 14 Analyst Ratings

Sell
3

Hold
8

Buy
3

Based on 14 Wall Street analysts who have issued ratings for Aflac in the last 12 months, the stock has a consensus rating of "Hold." Out of the 14 analysts, 3 have given a sell rating, 8 have given a hold rating, and 3 have given a buy rating for AFL.

Consensus Price Target

$95.43
-17.21% Downside

According to the 14 analysts' twelve-month price targets for Aflac, the average price target is $95.43. The highest price target for AFL is $122.00, while the lowest price target for AFL is $75.00. The average price target represents a forecasted downside of -17.21% from the current price of $115.27.

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AFL Analyst Ratings Over Time

Type	Current Forecast 10/5/23 to 10/4/24	1 Month Ago 9/5/23 to 9/4/24	3 Months Ago 7/7/23 to 7/6/24	1 Year Ago 10/5/22 to 10/5/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$95.43	$92.50	$83.69	$76.36
Forecasted Upside	-17.21% Downside	-16.29% Downside	-6.02% Downside	-0.10% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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AFL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

AFL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Aflac Stock vs. The Competition

Type	Aflac	Finance Companies	S&P 500
Consensus Rating Score	2.00	2.47	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	-15.94% Downside	15.38% Upside	7.52% Upside
News Sentiment Rating	Positive News See Recent AFL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/3/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$85.00 ➝ $90.00	-20.57%
10/2/2024	Piper Sandler 2 of 5 stars		Boost Target	Overweight ➝ Overweight	$114.00 ➝ $122.00	+8.13%
9/26/2024	Evercore ISI 2 of 5 stars		Boost Target	Underperform ➝ Underperform	$84.00 ➝ $90.00	-17.95%
9/4/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Underweight	$96.00	-13.12%
9/4/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$108.00 ➝ $115.00	+5.44%
8/19/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$91.00 ➝ $98.00	-6.78%
Get the Latest News and Ratings for AFL and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Aflac and its competitors with MarketBeat's FREE daily newsletter.
8/14/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$84.00 ➝ $109.00	+7.15%
8/12/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$81.00 ➝ $90.00	-11.27%
8/2/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$82.00 ➝ $100.00	-1.19%
7/23/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$84.00 ➝ $93.00	-1.57%
6/28/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$84.00 ➝ $83.00	-7.63%
4/10/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$83.00 ➝ $87.00	+4.62%
2/2/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$83.00 ➝ $88.00	+15.17%
1/9/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$61.00 ➝ $75.00	-9.50%
6/9/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates
6/9/2023	58.com Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates
4/27/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
11/2/2022	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	$66.00 ➝ $68.00	+1.78%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 07:46 PM ET.

Should I Buy Aflac Stock? AFL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, October 3, 2024. Please send any questions or comments about these Aflac pros and cons to contact@marketbeat.com.

Aflac
Bull Case

Here are some ways that investors could benefit from investing in Aflac Incorporated:

Aflac beat the consensus EPS estimate by $0.23 in the latest quarter, indicating strong financial performance.
Aflac's net margin of 28.35% and return on equity of 16.22% showcase the company's profitability and efficiency in generating returns for shareholders.
The firm's revenue of $5.14 billion for the quarter exceeded analyst estimates, demonstrating robust revenue growth.
Aflac's dividend yield of 1.85% provides investors with a steady income stream, with a payout ratio of 22.08% indicating a sustainable dividend policy.
Recent analyst ratings and price target upgrades suggest positive sentiment towards Aflac's stock, potentially leading to price appreciation.

Aflac
Bear Case

Investors should be bearish about investing in Aflac Incorporated for these reasons:

Aflac's revenue for the quarter was down .7% compared to the same quarter last year, indicating a slight decline in revenue growth.
The company's stock price has a 52-week high of $111.14, which may suggest limited potential for significant short-term capital gains.
While Aflac has a strong dividend yield, the current low-interest-rate environment may impact the attractiveness of dividend-paying stocks.
Three equities research analysts have rated the stock as a sell, potentially reflecting concerns about future performance or market conditions.
Aflac's PEG ratio of 2.53 may indicate that the stock is relatively overvalued compared to its earnings growth potential.

AFL Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Aflac is $95.43, with a high forecast of $122.00 and a low forecast of $75.00.
: 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Aflac in the last year. There are currently 3 sell ratings, 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" AFL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AFL, but not buy additional shares or sell existing shares.
: According to analysts, Aflac's stock has a predicted downside of -17.21% based on their 12-month stock forecasts.
: Aflac has been rated by research analysts at Bank of America, Barclays, Citigroup, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, Piper Sandler, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Aflac less than other "finance" companies. The consensus rating score for Aflac is 2.00 while the average consensus rating score for "finance" companies is 2.47. Learn more on how AFL compares to other companies.

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This page (NYSE:AFL) was last updated on 10/4/2024 by MarketBeat.com Staff

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