Piper Sandler Raises its Price Target on Allstate (ALL) to $268

The Allstate Corporation (NYSE:ALL) is one of the 10 Must-Buy Stocks with the Strongest 1Q2026 Earnings Beats.

On May 1, 2026, Piper Sandler raised its price target on The Allstate Corporation (NYSE:ALL) to $268 from $252 and maintained an Overweight rating after a Q1 earnings beat. The firm said results exceeded both its estimates and consensus, driven by better-than-expected favorable development, while noting top-line growth came in lighter than expected. Piper Sandler added that total company year-over-year policies in force growth slowed from the prior quarter, though auto PIF growth accelerated.

Citi has also increased its price target on The Allstate Corporation (NYSE:ALL) to $226 from $221 previously, while maintaining a Neutral rating on the shares.

Piper Sandler Raises its Price Target on Allstate (ALL) to $268

On April 29, 2026, The Allstate Corporation (NYSE:ALL) reported Q1 adjusted EPS of $10.65 versus $7.24 consensus and revenue of $16.9B compared to two estimates of $17.29B. Tom Wilson said results reflect “strong earnings” and growth, with policies in force reaching 212 million and expansion across auto, homeowners, and Protection Plans. The company also reported improved combined ratios across personal lines and a 9.8% increase in investment income.

The Allstate Corporation (NYSE:ALL) provides property and casualty and other insurance products in the United States and Canada.

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