Bank of America keeps USD 489.00 target for Everest Group stock
π Bank of America Securities maintains a Buy rating and a USD 489.00 price target for Everest Group.
π The company reported second-quarter revenue of USD 3.96 billion, which missed the USD 4.02 billion analyst estimate.
π° Diluted earnings per share were USD 14.22, trailing the USD 14.55 market expectation for the period ended June 30, 2026.
π Everest Group trades at a price-to-earnings ratio of 8.29 with a market capitalization of USD 14.9 billion.
ποΈ Third-quarter results are scheduled for release on October 28, 2026, after the NYSE close.
π The stock closed at USD 389.10 on October 16, 2026, representing a gain of 2.03% versus the prior session.
Bullish Signals
- Bank of America Securities maintains a Buy rating and a USD 489.00 price target for Everest Group.
- The stock gained 2.03% to close at USD 389.10 on October 16, 2026.
Risk Factors
- Second-quarter revenue of USD 3.96 billion missed the USD 4.02 billion analyst estimate.
- Diluted earnings per share of USD 14.22 trailed the USD 14.55 market expectation.
Full Analysis
Bank of America Securities maintained a Buy rating and a USD 489.00 price target for Everest Group on October 13, 2026. The firm's target represents a 25.67% premium over the stock's closing price of USD 389.10 recorded on October 16, 2026.
Everest Group recently reported second-quarter results ending June 30, 2026, with revenue of USD 3.96 billion and diluted earnings per share of USD 14.22. Both figures missed analyst estimates, as revenue came in below the USD 4.02 billion consensus and EPS trailed the USD 14.55 expectation.
The company is currently trading at a price-to-earnings ratio of 8.29 with a market capitalization of USD 14.9 billion. Investors are awaiting third-quarter results scheduled for release on October 28, 2026, following the NYSE close, with an earnings call set for October 29.