In-Depth Examination Of 13 Analyst Recommendations For Allstate
Portfolio Pulse from Benzinga Insights
In the last three months, 13 analysts have provided diverse ratings for Allstate (NYSE:ALL), with a trend towards bullish sentiment. The average 12-month price target is $159.69, up 15.57% from the previous $138.18. Analysts from firms like BMO Capital, UBS, TD Cowen, Goldman Sachs, Jefferies, Morgan Stanley, HSBC, Raymond James, Piper Sandler, and Roth MKM have raised their price targets, reflecting optimism about Allstate's future performance. Despite this, Allstate's financial indicators such as revenue growth, net margin, ROE, ROA, and debt management show mixed results, with some metrics below industry averages.
January 19, 2024 | 2:00 pm
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POSITIVE IMPACT
Allstate has received positive analyst ratings with an upward trend in price targets, indicating a bullish sentiment. However, financial performance indicators show some challenges, which may temper investor enthusiasm.
The positive shift in analyst ratings and raised price targets suggest a short-term bullish impact on Allstate's stock price. However, the confidence score is not at the maximum due to the mixed financial performance indicators that could potentially offset some of the positive sentiment from the analyst ratings.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100