Allianz Stock Nears Record Highs as Analysts Predict Bullish Breakout
Allianz shares have climbed nearly 25 percent this year, outperforming the broader stock market. The stock is now trading close to its yearly highs of €378.50 and €380.30. Analysts remain largely optimistic about its future performance, with many recommending a 'Buy' rating.
The company’s stock is currently priced at just under €370, forming an ascending triangle pattern—a formation that often signals a bullish breakout. If it moves above its resistance zone, further gains could follow. The calculated price target stands at €475, well above the highest market estimate of €431.
Allianz continues to outperform the DAX index, which has risen by 17.59 percent this year. The stock’s technical pattern, dividend yield, and earnings potential suggest further upside. Investors will be watching closely to see if it breaks above key resistance levels in the coming months.
