We recently compiled a list of the 10 Companies That Analysts Just Upgraded. In this article, we are going to take a look at where The Allstate Corporation (NYSE:ALL) stands against the other companies that just upgraded.
The last week was full of negativity as the S&P went down nearly 3.5%. Matters were made worse by raging wildfires in Los Angeles, which have shocked people across the country. Amidst all this, there were a lot of positive developments as analysts continued to point out companies poised for a great performance in 2025.
Artificial Intelligence stocks continue to dominate coverage despite the fear of a slowdown in spending. With agentic AI the new hype, many companies are only just entering their AI journey, so investors still have a lot of undervalued plays that are worth looking at.
To come up with the list of 10 companies that analysts just upgraded, we only considered companies with a market cap of at least $1 billion.
A financial advisor giving advice to a couple, illustrating the personal finance and insurance products the company offers.
The Allstate Corporation (NYSE:ALL)
The Allstate Corporation (NYSE:ALL) is an insurance company that mainly deals with property and casualty insurance. The company received an upgrade from Evercore ISI, getting an Outperform rating. The stock is up 20% in a year but analysts believe there is room for more.
There are a number of factors that will drive this growth. The company’s 2025 EPS estimates have been inching higher in the last year. An EPS revision of nearly 20% from the lowest point in 2024 is still considered a conservative estimate and going by the company’s history, a comfortable beat can’t be ruled out.
In other developments, activist investor Nelson Peltz has sold a vast portion of his stake in the company, so the activist threat is also subsiding. The company’s investment income was also under threat as the Fed started lowering interest rates. However, recent Fed meetings point to a halt in rate cuts, another positive development for the company that should help drive the stock price up in the coming weeks.
Overall ALL ranks 3rd on our list of the companies that just upgraded by analysts. While we acknowledge the potential of ALL 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 timeframe. If you are looking for an AI stock that is as promising as ALL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article was originally published at Insider Monkey.
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