Allstate Price Target Raised to $235 by BMO Capital

BMO Capital analyst Michael Zaremski raised Allstate's price target to $235 from $230 and maintained an Outperform rating. The firm increased its FY25 and FY26 EPS views due to Q2 results and lower expense ratio. However, BMO noted that monthly policies-in-force roll-forward data indicates potential downside risk in Q3 unless retention improves quickly.

In a recent update, BMO Capital Markets has maintained its outperform rating on Allstate (NYSE:ALL) while raising its price target for the stock to $235. The new rating and target reflect the latest financial data and analyst consensus.

The firm's analysts, led by Michael Zaremski, have increased Allstate's price target from $230 to $235, representing a potential upside of 11.62% from the current price of $205.51. This increase is based on the company's robust financial performance, as well as the analysts' expectation for continued growth in the insurance sector.

Allstate's latest earnings report showed a quarterly earnings per share (EPS) of $1.84, matching analysts' expectations. The company's revenue for the quarter was $6.32 billion, which was below the anticipated $8.79 billion but still demonstrated solid growth. The company's return on equity (ROE) was 10.15%, and the net margin was 10.25%, indicating strong operational efficiency [1].

However, BMO Capital noted that monthly policies-in-force roll-forward data indicates potential downside risk in Q3 unless retention improves quickly. The firm has also increased its FY25 and FY26 EPS views due to Q2 results and lower expense ratio.

The latest update from BMO Capital Markets comes amidst a positive trend in analyst ratings for Allstate. The stock has a consensus rating of "Moderate Buy" based on 17 analyst ratings, with 14 analysts rating the stock as a "buy" or "strong buy." This positive sentiment is further bolstered by the company's strong earnings reports and consistent dividend growth [2].

In conclusion, BMO Capital Markets' latest update on Allstate reflects a bullish stance on the stock, with a raised price target and a maintained outperform rating. The firm's analysts believe that Allstate's strong fundamentals and positive market trends make it a compelling investment opportunity for investors.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-tacita-capital-inc-raises-holdings-in-bank-of-montreal-nysebmo-2025-08-15/
[2] https://www.marketbeat.com/stocks/NYSE/ALL/forecast/