Altria Reports Q3 2026 Earnings and Raises Full-Year Outlook

Why Altria Group Shares Bumped 15.9% Higher In October

Altria Group's stock surged 15.9% in October as investors sought safer dividend-paying stocks amid market volatility. The tobacco company reported solid earnings driven by price increases offsetting volume declines, with its nicotine pouch brand showing strong growth. However, the stock now trades at a P/E ratio of 16, near multi-year highs, which may not be attractive for a slow-growth business facing structural headwinds from declining cigarette usage.

Barclays Adjusts Price Target on Altria to $60 From $58

Barclays has updated its price target for Altria Group, Inc., raising it from $58 to $60.

Morgan Stanley Raises Altria Group Price Target to $77

Morgan Stanley maintained its Equal-Weight rating on Altria Group while increasing its price target from $71 to $77.

Morgan Stanley Maintains Equal-Weight on Altria Group, Raises Price Target to $77

Analyst Price Target Adjustments for Altria Group

Several financial institutions, including UBS, Deutsche Bank, and Bank of America, updated their price targets for Altria Group on October 30, 2026.

Deutsche Bank Adjusts Altria Group Price Target to $73 From $66

Deutsche Bank has updated its price target for Altria Group, Inc., raising it to $73 from the previous $66 while maintaining a "Hold" rating.