JPMorgan raises target to USD 119 for Aflac stock
π JPMorgan raised its price target for Aflac to USD 119.00 from USD 116.00 while keeping a neutral rating.
π° Second-quarter net income jumped 37.70 percent to USD 825.00 million, driven by strong profitability despite revenue contraction.
π Q2 revenue declined 1.00 percent year-over-year to USD 4.12 billion as the company navigates market conditions.
π΅ Diluted earnings per share reached USD 1.63 for the quarter ended June 30, 2026.
π Aflac trades at a market capitalization of USD 60.8 billion with an earnings multiple of 13.09x.
ποΈ The company is scheduled to release third-quarter results after market close on November 4, 2026.
Bullish Signals
- Net income surged 37.70 percent year-over-year to USD 825.00 million in the second quarter of 2026.
- Diluted earnings per share increased to USD 1.63, demonstrating strong underlying profitability despite revenue headwinds.
Risk Factors
- Second-quarter revenue declined 1.00 percent year-over-year to USD 4.12 billion, indicating potential top-line pressure.
Full Analysis
JPMorgan raised its price target for Aflac Inc. (AFL) to USD 119.00 from USD 116.00 on October 15, 2026, while maintaining a neutral rating. This adjustment reflects the company's recent financial performance, specifically a significant rise in net income despite a slight decline in revenue during the second quarter of 2026.
Aflac reported second-quarter 2026 revenue of USD 4.12 billion, representing a 1.00 percent year-over-year decrease. However, net income surged by 37.70 percent to reach USD 825.00 million, with diluted earnings per share climbing to USD 1.63. These figures were officially filed on August 7, 2026, covering the period ended June 30, 2026.
As of October 26, 2026, Aflac stock traded at approximately EUR 108.70 (USD 121.35 on the primary exchange), trading within its 52-week range of USD 105.43 to USD 130.22. The company holds a market capitalization of USD 60.8 billion and offers a trailing dividend yield of 2.00 percent, positioning it as a key player in the life insurance sector.