Aflac (AFL) Stock Forecast & Price Target

Q: What analysts cover Aflac?

Aflac has been rated by research analysts at Barclays , Jefferies Financial Group , JPMorgan Chase & Co. , Keefe, Bruyette & Woods , Mizuho , Piper Sandler , TD Cowen , UBS Group , Weiss Ratings , Wells Fargo & Company , and Wolfe Research in the past 90 days.

$117.09 -1.27 (-1.07%)

As of 09/4/2026 03:58 PM Eastern

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Aflac - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 14 Analyst Ratings

Sell
3

Hold
7

Buy
4

Based on 14 Wall Street analysts who have issued ratings for Aflac in the last 12 months, the stock has a consensus rating of "Hold." Out of the 14 analysts, 3 have given a sell rating, 7 have given a hold rating, 2 have given a buy rating, and 2 have given a strong buy rating for AFL.

Consensus Price Target

$116.62
-0.41% Downside

According to the 14 analysts' twelve-month price targets for Aflac, the average price target is $116.62. The highest price target for AFL is $138.00, while the lowest price target for AFL is $99.00. The average price target represents a forecasted downside of -0.41% from the current price of $117.09.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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AFL Analyst Ratings Over Time

Type	Current Forecast 9/5/25 to 9/5/26	1 Month Ago 8/6/25 to 8/6/26	3 Months Ago 6/7/25 to 6/7/26	1 Year Ago 9/5/24 to 9/5/25
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)
Sell	3 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$116.62	$116.17	$112.27	$109.15
Forecasted Upside	-0.41% Downside	-8.14% Downside	-5.15% Downside	2.11% Upside
Consensus Rating	Hold	Hold	Hold	Hold

AFL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

AFL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Aflac Stock vs. The Competition

Type	Aflac	Finance Companies	Broader Market
Consensus Rating Score	2.21	2.27	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-0.41% Downside	26.88% Upside	14.02% Upside
News Sentiment Rating	Positive News See Recent AFL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/21/2026	Weiss Ratings 5 of 5 stars		Upgrade	Buy (B+) ➝ Buy (A-)
8/19/2026	Wells Fargo & Company 3 of 5 stars	Wesley Carmichael Not Rated	Set Target	Equal Weight	$120.00 ➝ $122.00	+0.22%
8/19/2026	Wolfe Research 4 of 5 stars	Tracy Benguigui Not Rated	Initiated Coverage	Underperform	$103.00	-15.39%
8/11/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Pablo Singzon Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$117.00 ➝ $116.00	-4.31%
8/11/2026	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ryan Krueger Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Market Perform	$120.00 ➝ $125.00	+2.73%
8/10/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Paul Newsome Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Overweight	$130.00 ➝ $138.00	+10.72%
8/10/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Yaron Kinar Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$116.00	-6.34%
8/7/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alex Scott Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Underweight	$98.00 ➝ $99.00	-21.72%
7/22/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew Kligerman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Hold	$101.00 ➝ $110.00	-11.32%
7/10/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Suneet Kamath Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Hold	$100.00 ➝ $108.00	-11.39%
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7/8/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brian Meredith Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral	$114.00 ➝ $124.00	+2.44%
5/21/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Nigel Dally Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$120.00 ➝ $125.00	+6.24%
4/9/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong Sell ➝ Strong-Buy
12/30/2025	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Wilma Burdis Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$110.00 ➝ $119.00	+8.20%
1/23/2025	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jack Matten Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Market Perform	$111.00	+6.46%
11/1/2024	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Hold	$100.00 ➝ $105.00	-0.72%
10/10/2024	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$115.00 ➝ $124.00	+11.27%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:45 PM ET.

Should I Buy Aflac Stock? AFL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, September 3, 2026. Please send any questions or comments about these Aflac pros and cons to contact@marketbeat.com.

Aflac
Bull Case

Here are some ways that investors could benefit from investing in Aflac Incorporated:

Aflac Incorporated offers a defensive investment profile with a beta of 0.59, which indicates that the stock is less volatile than the overall market, making it a suitable choice for investors seeking stability during market fluctuations.
The company provides a consistent income stream through its dividend, which currently has a yield of 2.10% and a payout ratio of 26.15%, a metric that shows the company retains the majority of its earnings for reinvestment while still rewarding shareholders.
With a current stock price of $118.32, Aflac Incorporated is trading at a P/E ratio of 12.68, which is relatively low compared to many growth-oriented sectors, suggesting that the stock may be undervalued relative to its earnings potential.
The company demonstrated strong operational performance in its most recent quarter, reporting revenue of $4.22 billion, which exceeded analyst expectations of $4.11 billion, indicating that its supplemental insurance products remain in high demand.
Aflac Incorporated maintains a conservative balance sheet with a debt-to-equity ratio of 0.29, which means the company relies less on borrowed money to fund its operations, reducing financial risk for long-term investors.

Aflac
Bear Case

Investors should be bearish about investing in Aflac Incorporated for these reasons:

Wall Street analysts currently hold a consensus rating of "Hold" with an average price target of $116.62, which is slightly below the current stock price of $118.32, suggesting that the stock may be fairly valued or slightly overvalued in the near term.
Recent earnings results showed a slight miss in profitability, as the company reported $1.75 in earnings per share for the latest quarter, falling just short of the analyst consensus estimate of $1.76.
Major shareholder Post Holdings Co. Ltd. Japan has been consistently selling shares under a pre-arranged trading plan, with recent transactions totaling over $1.4 million in a single day, which may signal a lack of confidence from one of the company's largest stakeholders.
The company's revenue growth has been sluggish, with the most recent quarter showing a year-over-year decline of 1.0%, which could indicate challenges in expanding its customer base or increasing premiums in its core markets.
Several prominent research firms, including Wolfe Research and Wall Street Zen, have recently issued "underperform" or "sell" ratings on the stock, reflecting concerns about the company's future growth trajectory and competitive positioning.

AFL Forecast - Frequently Asked Questions

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Aflac is $116.62, with a high forecast of $138.00 and a low forecast of $99.00.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Aflac in the last twelve months. There are currently 3 sell ratings, 7 hold ratings, 2 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" AFL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AFL, but not buy additional shares or sell existing shares.

According to analysts, Aflac's stock has a predicted downside of -0.41% based on their 12-month stock forecasts.

Over the previous 90 days, Aflac's stock had 3 upgrades and 2 downgrades by analysts.

Aflac has been rated by research analysts at Barclays, Jefferies Financial Group, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Mizuho, Piper Sandler, TD Cowen, UBS Group, Weiss Ratings, Wells Fargo & Company, and Wolfe Research in the past 90 days.

Analysts like Aflac less than other "finance" companies. The consensus rating score for Aflac is 2.21 while the average consensus rating score for "finance" companies is 2.27. Learn more on how AFL compares to other companies.

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Brokerages With Aflac Recommendations

MarketBeat monitors more than a dozen sources for Aflac analyst ratings, with the most recent rating issued on 8/21/2026.

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Aflac (AFL) Stock Forecast & Price Target