William Blair Analyst Bullish on Allstate’s (ALL) Growth and Tech-Driven Efficiency

The Allstate Corporation (NYSE:ALL) ranks among the best non-tech stocks to buy according to billionaires. Adam Klauber, a William Blair analyst, remained optimistic about The Allstate Corporation (NYSE:ALL) shares, issuing a Buy rating on June 2. Klauber claims that the company is in a strong position to surpass its previous growth rates and achieve high-single-digit growth in its top line. This was due to the company’s broad selection of protection products and varied distribution channels, which include life, home, and auto insurance.

William Blair Analyst Bullish on Allstate’s (ALL) Growth and Tech-Driven Efficiency

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In addition, The Allstate Corporation (NYSE:ALL) is taking advantage of a far better auto loss environment and employing technology to reduce costs. Further, the company’s homeowners insurance division is expanding quickly and consistently turning a profit.

The Allstate Corporation (NYSE:ALL) offers a variety of insurance services and products, such as protection, health, and property and casualty insurance. In addition, the company offers consumer protection plans, roadside assistance, and analytics solutions.

While we acknowledge the potential of ALL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ALL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.