Allstate stock: Wells Fargo cuts target from USD 250.00 to USD 236.00
Published on 10/23/2026 at 16:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWells Fargo target cut
- Wells Fargo cut its Allstate target from USD 250.00 to USD 236.00 on October 12, 2026.
- Allstate will release third-quarter results on November 4, 2026.
- Allstate stock costs EUR 226.45 at Lang & Schwarz on October 23, 2026, up 1.96 percent versus the Xetra close.
Allstate Corp. (US0200021014) faces a lower Wells Fargo target after the bank cut its view from USD 250.00 to USD 236.00 on October 12, 2026, while upgrading its rating from Underweight to Equal Weight, as MarketBeat reported. The USD 236.00 target is 6.98 percent below Allstate's USD 253.69 NYSE price at 10:53 a.m. EDT on October 23, 2026. At Lang & Schwarz, the stock was trading at EUR 226.45 on October 23, 2026 at 4:38 p.m. CEST, up 1.96 percent versus the Xetra close of October 22, 2026 at EUR 222.10.
Results arrive November 4
The next scheduled corporate milestone is the third-quarter earnings release on November 4, 2026, after 4:15 p.m. ET. Allstate will discuss those results on November 5 at 9:00 a.m. ET, according to the company's Allstate Newsroom. The date gives investors a defined checkpoint after the recent target revisions.
Stock stays below its yearly high
Allstate's USD 188.08 to USD 277.22 52-week range places the NYSE price of USD 253.69 8.52 percent below the high. The stock's year-to-date performance was 20.61 percent as of October 21, 2026, while its market capitalization was USD 64.1 billion. The quoted price and range were reported with the NYSE listing on MarketScreener.
What does the target cut mean?
Wells Fargo's USD 14.00 reduction contrasts with the broader 22-analyst average target of USD 270.19 and a Hold consensus reported by MarketBeat on October 21, 2026. The latest reported quarter also showed a wide gap between earnings and expectations: quarterly earnings per share reached USD 8.99 versus a USD 6.06 consensus, while revenue rose 11.80 percent year over year to USD 18.60 billion. That combination leaves the next results as the clearest test of whether the target reduction reflects valuation, operating trends, or both.
Price and investor perspective
The euro quotation is 1.96 percent above the October 22 Xetra close, while the primary-market price is 2.09 percent below its previous NYSE close in the finance snapshot. The two quotations describe different venues and currencies, so the analyst target remains a separate USD comparison.
The further course of trading is shown by the continuously updated real-time quote of Allstate stock.
Allstate Corp. market facts
- Company: The Allstate Corporation
- ISIN: US0200021014
- Ticker: ALL
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 23, 2026, 4:38 p.m. CEST): EUR 226.45
- Change versus Xetra close: plus 1.96 percent
- Xetra close (October 22, 2026): EUR 222.10
- Market capitalization: USD 64.1 billion (as of October 23, 2026)
- 52-week range: USD 188.08-277.22 (as of October 23, 2026)
- Sector / Industry: Financial Services / Property and Casualty Insurance
- Next earnings date: November 4, 2026
Market context: Market report S&P 500.
