Allstate (ALL) Stock Forecast & Price Target

$178.86

-1.55 (-0.86%)

(As of 08/21/2024 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

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, 2 have given a hold rating, 13 have given a buy rating, and 1 has given a strong buy rating for ALL.

Consensus Price Target

$191.94
7.31% Upside

High Forecast	$226.00
Average Forecast	$191.94
Low Forecast	$156.00

According to the 16 analysts' twelve-month price targets for Allstate, the average price target is $191.94. The highest price target for ALL is $226.00, while the lowest price target for ALL is $156.00. The average price target represents a forecasted upside of 7.31% from the current price of $178.86.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	13 Buy rating(s)	12 Buy rating(s)	11 Buy rating(s)	7 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$191.94	$178.06	$174.59	$135.31
Forecasted Upside	7.31% Upside	13.73% Upside	11.44% Upside	16.58% Upside

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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	2.94	2.47	2.51
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	7.31% Upside	38.52% Upside	8.75% Upside
News Sentiment Rating	Neutral 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
8/16/2024	Piper Sandler 2 of 5 stars		Boost Target	Overweight ➝ Overweight	$188.00 ➝ $196.00	+9.16%
8/16/2024	Wells Fargo & Company 3 of 5 stars	E. Greenspan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$177.00 ➝ $175.00	-1.81%
8/15/2024	The Goldman Sachs Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$199.00 ➝ $204.00	+12.74%
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%
8/12/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$199.00 ➝ $208.00	+21.39%
8/5/2024	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	$191.00 ➝ $205.00	+15.94%
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8/1/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$213.00 ➝ $226.00	+32.05%
7/11/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$193.00 ➝ $200.00	+24.22%
7/10/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$205.00 ➝ $200.00	+25.83%
4/11/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$166.00 ➝ $173.00	+3.93%
3/28/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$158.00 ➝ $190.00	+11.91%
2/12/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$171.00 ➝ $185.00	+15.99%
1/22/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$155.00 ➝ $180.00	+16.22%
1/10/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$193.00	+27.83%
1/9/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$130.00 ➝ $180.00	+20.50%
10/20/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$135.00 ➝ $156.00	+24.96%
8/14/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$113.00 ➝ $107.00	-1.87%
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 Thursday at 08:40 AM ET.

ALL Forecast - Frequently Asked Questions

What is Allstate's forecast for 2024?: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Allstate is $191.94, with a high forecast of $226.00 and a low forecast of $156.00.
Should I buy or sell Allstate stock right now?: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Allstate in the last twelve months. There are currently 2 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ALL shares.
Does Allstate's stock price have much upside?: According to analysts, Allstate's stock has a predicted upside of 16.59% based on their 12-month stock forecasts.
Has Allstate been upgraded by Wall Street analysts recently?: Over the previous 90 days, Allstate's stock had 2 upgrades by analysts.
What analysts cover Allstate?: Allstate has been rated by research analysts at Bank of America, BMO Capital Markets, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Morgan Stanley, Piper Sandler, Roth Mkm, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Allstate more than its competitors?: 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.