Wells Fargo Raises its Price Target on The Allstate Corporation (ALL) to $228

The Allstate Corporation (NYSE:ALL) is included among the 10 Most Profitable Undervalued Stocks to Buy

On February 6, 2026, Wells Fargo analyst Elyse Greenspan raised the firm’s price target on The Allstate Corporation (NYSE:ALL) to $228 from $223 and maintained an Equal Weight rating. The firm said it was surprised by the size of the stock’s move following earnings, attributing it largely to positioning dynamics and recent outperformance across property and casualty insurers.

A day earlier, on February 5, 2026, JPMorgan analyst Jimmy Bhullar lifted his price target to $263 from $260 while reiterating an Overweight rating. The firm pointed to what it described as “healthy” business trends coming out of the quarter.

On February 5, 2026, the company reported fourth-quarter revenue of $17.3 billion, slightly above consensus estimates of $17.29 billion. For the full year, revenue reached $67.7 billion, while net income totaled $10.2 billion and adjusted net income came in at $9.3 billion.

During the quarter, total policies in force increased to 210.9 million, up 3.0% year over year, supported by broad distribution and product offerings. The company also reduced premiums for 7.8 million auto and homeowners customers by an average of 17% through coverage adjustments.

The Allstate Corporation (NYSE:ALL) provides property and casualty insurance and related products across the United States and Canada, operating through segments that include Allstate Protection, Protection Services, Health and Benefits, and other ancillary businesses.

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Disclosure: None.