Joshua Shanker, an analyst from Bank of America Securities, reiterated the Buy rating on Allstate (ALL – Research Report). The associated price target remains the same with $279.00.
Joshua Shanker has given his Buy rating due to a combination of factors including Allstate’s ability to manage substantial catastrophe losses and its potential for future growth. Despite the higher-than-expected catastrophe losses in the first quarter of 2025, which amounted to $2.20 billion, Shanker sees a positive outlook for Allstate. The company has shown resilience by adjusting its premium written projections upwards, indicating a potential increase in policy counts.
Furthermore, Shanker notes that while the 2025 earnings per share (EPS) forecast has been adjusted downward due to these losses, the projections for 2026 and 2027 have been slightly increased. This adjustment is based on expectations of continued policy count growth. The unchanged price objective of $279 suggests significant upside potential from the current price, reinforcing the Buy rating. Investors are also likely to be interested in Allstate’s underwriting margins and capital return strategies following recent business sales.
In another report released today, Roth MKM also maintained a Buy rating on the stock with a $230.00 price target.
ALL’s price has also changed slightly for the past six months – from $192.640 to $186.950, which is a -2.95% drop .