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Brown & Brown, Inc. (BRO) PT Lowered From $82 to $80 at Barclays Amid AI Industry Concerns

We recently compiled a list of the 10 Oversold Insurance Stocks to Buy According to Analysts. Brown & Brown, Inc. (NYSE:BRO) is among the most oversold stocks.

TheFly reported on March 11 that Barclays lowered BRO’s price target to $80 from $82, while maintaining an Equal Weight rating on the stock. Barclays acknowledged that worries about AI disruption have put pressure on the insurance brokerage industry, but believes the recent fall is overstated. The company thinks that while current valuations already account for slower growth, they undervalue the brokerage business model’s durability and the potential for AI to boost margins and productivity, acting as a benefit rather than a threat.

Separately, earlier on February 17, Brown & Brown, Inc. (NYSE:BRO) declared that on February 17, 2026, Brown & Brown Dealer Services (BBDS) purchased the assets of The Protectorate Group Insurance Agency, Inc., doing business as American Adventure Insurance. Along with F&I products and commercial insurance, American Adventure offers dealership-focused insurance solutions for vehicles, such as mobile homes, campers, boats, motorbikes, and more.

Under the direction of Paul Bender, who has over thirty years of expertise, the American Adventure team will join BBDS and go on with operations across the country, reporting to BBDS President Mike Neal. While maintaining the company’s dealer-centric strategy, the acquisition is anticipated to improve BBDS’s capabilities, broaden its product offerings, and provide cutting-edge insurance solutions to its network of dealerships throughout the United States.

Brown & Brown, Inc. (NYSE:BRO) is a U.S. insurance brokerage firm providing risk management, insurance, and related consulting services to businesses, individuals, and public entities nationwide.

While we acknowledge the risk and potential of BRO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BRO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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