Allstate (ALL) Stock Forecast & Price Target

$203.80 +0.32 (+0.16%)

(As of 11/22/2024 ET)

Allstate - 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

Moderate Buy

Based on 16 Analyst Ratings

Sell
1

Hold
2

Buy
13

Based on 16 Wall Street analysts who have issued ratings for Allstate in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 1 has given a sell rating, 2 have given a hold rating, 12 have given a buy rating, and 1 has given a strong buy rating for ALL.

Consensus Price Target

$214.19
5.10% Upside

According to the 16 analysts' twelve-month price targets for Allstate, the average price target is $214.19. The highest price target for ALL is $267.00, while the lowest price target for ALL is $186.00. The average price target represents a forecasted upside of 5.10% from the current price of $203.80.

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ALL Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	12 Buy rating(s)	12 Buy rating(s)	13 Buy rating(s)	8 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$214.19	$206.44	$191.94	$135.50
Forecasted Upside	5.10% Upside	7.52% Upside	6.33% Upside	-0.87% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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ALL 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.

ALL 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.

Allstate Stock vs. The Competition

Type	Allstate	Finance Companies	S&P 500
Consensus Rating Score	2.81	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	5.10% Upside	10.24% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent ALL 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
11/15/2024	The Goldman Sachs Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$209.00 ➝ $230.00	+17.44%
11/8/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$231.00 ➝ $267.00	+36.29%
11/7/2024	Morgan Stanley 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$220.00 ➝ $228.00	+19.74%
11/6/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$222.00 ➝ $225.00	+19.02%
11/5/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Greenspan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$175.00 ➝ $186.00	+1.03%
11/4/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$216.00 ➝ $225.00	+22.78%
Get the Latest News and Ratings for ALL and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Allstate and its competitors with MarketBeat's FREE daily newsletter.
10/31/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underweight ➝ Underweight	$175.00 ➝ $187.00	-0.99%
10/18/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$216.00 ➝ $233.00	+19.62%
10/18/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Zaremski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$205.00 ➝ $214.00	+10.26%
10/10/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$205.00 ➝ $207.00	+11.52%
10/9/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$191.00 ➝ $195.00	+7.14%
10/4/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$205.00 ➝ $220.00	+15.64%
9/3/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$193.00 ➝ $224.00	+2,240,000,000.00%
8/16/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$188.00 ➝ $196.00	+9.16%
8/14/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$200.00 ➝ $200.00	+10.97%
3/28/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$158.00 ➝ $190.00	+11.91%
10/20/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$135.00 ➝ $156.00	+24.96%
4/3/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Klauber Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform
2/2/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	H. Fong Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 03:35 PM ET.

Should I Buy Allstate Stock? ALL 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 Friday, November 22, 2024. Please send any questions or comments about these Allstate pros and cons to contact@marketbeat.com.

Allstate
Bull Case

Here are some ways that investors could benefit from investing in The Allstate Co.:

The Allstate Co. has received multiple upgrades from analysts, with Bank of America raising its price target from $216.00 to $233.00, indicating strong confidence in the company's growth potential.
The stock is currently trading at $202.85, reflecting a 2.8% increase recently, which may suggest positive market sentiment and potential for further appreciation.
Institutional investors hold a significant portion of the stock, with 76.47% ownership, indicating strong institutional confidence in The Allstate Co.'s stability and growth prospects.
Analysts have issued a consensus rating of "Moderate Buy" with an average price target of $214.19, suggesting that the stock is expected to perform well in the near future.
The company has a solid market capitalization of approximately $53.71 billion, which can provide stability and resources for growth initiatives.

Allstate
Bear Case

Investors should be bearish about investing in The Allstate Co. for these reasons:

Despite recent upgrades, one analyst has rated the stock with a sell rating, indicating potential concerns about its future performance.
Barclays has given The Allstate Co. an "underweight" rating, suggesting that the stock may not perform as well as its peers in the insurance sector.
The stock has a relatively high price-to-earnings (P/E) ratio of 12.78, which could indicate that it is overvalued compared to its earnings, making it a riskier investment.
Recent trading volumes have been below average, which may suggest a lack of investor interest or confidence in the stock at this time.
The Allstate Co. has experienced fluctuations in its stock price, with a 1-year low of $129.18, indicating potential volatility that could concern risk-averse investors.

ALL Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Allstate is $214.19, with a high forecast of $267.00 and a low forecast of $186.00.
: 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Allstate in the last twelve months. There is currently 1 sell rating, 2 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ALL shares.
: According to analysts, Allstate's stock has a predicted upside of 5.10% based on their 12-month stock forecasts.
: Allstate has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Morgan Stanley, Raymond James, TD Cowen, The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Allstate more than other "finance" companies. The consensus rating for Allstate is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how ALL compares to other companies.

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This page (NYSE:ALL) was last updated on 11/23/2024 by MarketBeat.com Staff

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Allstate (ALL) Stock Forecast & Price Target