BofA raised the firm’s price target on Allstate (ALL) to $300 from $288 and keeps a Buy rating on the shares after Q3 operating EPS of $11.17 represented “a material beat” to the firm’s estimate of $7.83 and Street consensus of $7.29. The firm’s 2025 EPS estimate increases by 13.7% from the beat, while its 2026 and 2027 estimates increase by 5.8% as the Q3 results flow through its model, the analyst noted.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALL:
- Closing Bell Movers: Qualcomm down 3%, Robinhood slips 2% on earnings
- Allstate’s Strong Financial Performance and Growth Potential: A Buy Recommendation
- Allstate reports Q3 adjusted EPS $11.17, consensus $7.54
- Notable companies reporting after market close
- Allstate Corp (ALL) Q3 Earnings Cheat Sheet