Lazard (LAZ) Stock Forecast, Price Target & Predictions
LAZ Stock Forecast
Lazard stock forecast is as follows: an average price target of $53.25 (represents a -3.09% downside from LAZ’s last price of $54.95) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
LAZ Price Target
The average price target for Lazard (LAZ) is $53.25 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $56.00 to $51.00. This represents a potential -3.09% downside from LAZ's last price of $54.95.
LAZ Analyst Ratings
According to 7 Wall Street analysts, Lazard's rating consensus is 'Buy'. The analyst rating breakdown for LAZ stock is 0 'Strong Buy' (0.00%), 3 'Buy' (42.86%), 3 'Hold' (42.86%), 1 'Sell' (14.29%), and 0 'Strong Sell' (0.00%).
Lazard Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 11, 2024 | Michael Brown | Wells Fargo | $51.00 | $45.57 | 11.92% | -7.19% |
| Jul 26, 2024 | Stephen Biggar | Argus Research | $54.00 | $48.43 | 11.50% | -1.73% |
| Jul 23, 2024 | Ryan Kenny | Morgan Stanley | $56.00 | $43.73 | 28.06% | 1.91% |
| Apr 09, 2024 | Devin Ryan | JMP Securities | $52.00 | $41.23 | 26.12% | -5.37% |
The latest Lazard stock forecast, released on Sep 11, 2024 by Michael Brown from Wells Fargo, set a price target of $51.00, which represents a 11.92% increase from the stock price at the time of the forecast ($45.57), and a -7.19% decrease from LAZ last price ($54.95).
Lazard Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 4 |
| Avg Price Target | - | $51.00 | $53.25 |
| Last Closing Price | $54.95 | $54.95 | $54.95 |
| Upside/Downside | -100.00% | -7.19% | -3.09% |
In the current month, the average price target of Lazard stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Lazard's last price of $54.95. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 09, 2024 | JMP Securities | Outperform | Outperform | Hold |
| Sep 23, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Sep 10, 2024 | Goldman Sachs | Sell | Sell | Hold |
| Jul 23, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Jun 21, 2024 | UBS | Neutral | Neutral | Hold |
| Apr 11, 2024 | UBS | Neutral | Neutral | Hold |
| Apr 09, 2024 | JMP Securities | Outperform | Outperform | Hold |
| Apr 09, 2024 | JMP Securities | Market Outperform | Market Outperform | Hold |
| Jan 16, 2024 | CFRA | - | Buy | Upgrade |
| Aug 09, 2023 | UBS | Neutral | Neutral | Hold |
Lazard's last stock rating was published by JMP Securities on Oct 09, 2024. The company gave LAZ a "Outperform" rating, the same as its previous rate.
Lazard Financial Forecast
Lazard Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $543.17M | $662.32M | $561.91M | $731.86M | $746.43M | $660.66M | $716.14M | $1.01B | $737.81M | $843.26M | $679.90M | $898.33M | $598.02M | $592.26M | $558.16M | $743.41M | $611.07M |
| Avg Forecast | $1.05B | $808.73M | $803.40M | $803.88M | $948.27M | $787.57M | $762.95M | $753.57M | $801.33M | $644.22M | $625.40M | $678.57M | $666.56M | $572.54M | $572.06M | $534.22M | $670.02M | $646.44M | $665.37M | $680.60M | $847.49M | $711.09M | $656.54M | $667.54M | $686.51M | $506.06M | $500.54M | $570.38M | $678.20M | $605.62M |
| High Forecast | $1.09B | $841.54M | $836.00M | $836.50M | $986.74M | $819.53M | $793.91M | $799.33M | $822.31M | $651.48M | $625.40M | $678.57M | $701.73M | $597.09M | $595.27M | $555.89M | $697.20M | $646.44M | $665.37M | $680.60M | $847.49M | $711.09M | $656.54M | $667.54M | $686.51M | $506.06M | $500.54M | $570.38M | $678.20M | $605.62M |
| Low Forecast | $1.02B | $786.47M | $781.29M | $781.75M | $922.17M | $765.89M | $741.95M | $722.70M | $787.73M | $636.96M | $625.40M | $678.57M | $635.71M | $552.26M | $556.31M | $519.51M | $651.58M | $646.44M | $665.37M | $680.60M | $847.49M | $711.09M | $656.54M | $667.54M | $686.51M | $506.06M | $500.54M | $570.38M | $678.20M | $605.62M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 1.16% | 1.05% | 1.09% | 1.15% | 0.99% | 1.05% | 1.20% | 1.04% | 1.28% | 1.02% | 1.31% | 1.18% | 1.18% | 0.98% | 1.10% | 1.01% |
Lazard's average Quarter revenue forecast for Dec 23 based on 3 analysts is $666.56M, with a low forecast of $635.71M, and a high forecast of $701.73M. LAZ's average Quarter revenue forecast represents a 22.72% increase compared to the company's last Quarter revenue of $543.17M (Sep 23).
Lazard EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $-4.86M | $-109.98M | $-36.88M | $73.16M | $158.16M | $125.85M | $159.74M | $277.44M | $156.05M | $174.12M | $140.14M | $222.43M | $112.12M | $105.03M | $99.22M | $137.01M | $60.51M |
| Avg Forecast | $195.47M | $150.42M | $149.43M | $149.52M | $176.37M | $146.48M | $141.90M | $140.16M | $149.04M | $119.82M | $116.32M | $179.78M | $123.98M | $106.49M | $106.40M | $163.44M | $203.41M | $94.69M | $97.47M | $129.20M | $124.14M | $104.16M | $96.17M | $143.29M | $100.56M | $74.13M | $73.32M | $105.62M | $99.35M | $88.71M |
| High Forecast | $203.40M | $156.52M | $155.49M | $155.58M | $183.53M | $152.43M | $147.66M | $148.67M | $152.94M | $121.17M | $116.32M | $215.74M | $130.52M | $111.05M | $110.72M | $196.12M | $244.09M | $94.69M | $97.47M | $155.04M | $124.14M | $104.16M | $96.17M | $171.95M | $100.56M | $74.13M | $73.32M | $126.75M | $99.35M | $88.71M |
| Low Forecast | $190.09M | $146.28M | $145.31M | $145.40M | $171.52M | $142.45M | $138.00M | $134.42M | $146.51M | $118.47M | $116.32M | $143.82M | $118.24M | $102.72M | $103.47M | $130.75M | $162.73M | $94.69M | $97.47M | $103.36M | $124.14M | $104.16M | $96.17M | $114.63M | $100.56M | $74.13M | $73.32M | $84.50M | $99.35M | $88.71M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.05% | -1.03% | -0.23% | 0.36% | 1.67% | 1.29% | 1.24% | 2.23% | 1.50% | 1.81% | 0.98% | 2.21% | 1.51% | 1.43% | 0.94% | 1.38% | 0.68% |
2 analysts predict LAZ's average Quarter EBITDA for Mar 23 to be $163.44M, with a high of $196.12M and a low of $130.75M. This is 123.41% upper than Lazard's previous annual EBITDA (Dec 22) of $73.16M.
Lazard Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $7.14M | $-124.01M | $-15.20M | $57.06M | $105.80M | $95.48M | $113.88M | $211.29M | $107.21M | $123.18M | $87.30M | $189.89M | $75.09M | $73.46M | $64.02M | $76.98M | $46.70M |
| Avg Forecast | $172.80M | $117.10M | $104.55M | $106.85M | $147.93M | $101.70M | $88.85M | $85.41M | $71.24M | $40.34M | $35.96M | $125.67M | $36.89M | $16.58M | $11.36M | $114.25M | $154.28M | $81.04M | $86.57M | $90.32M | $144.62M | $95.56M | $89.03M | $89.26M | $97.97M | $47.45M | $37.90M | $68.15M | $81.43M | $73.87M |
| High Forecast | $181.92M | $123.27M | $110.07M | $112.48M | $155.73M | $107.06M | $93.53M | $100.48M | $77.98M | $42.36M | $35.99M | $150.81M | $44.26M | $25.80M | $11.96M | $137.10M | $185.13M | $81.04M | $86.57M | $108.38M | $144.62M | $95.56M | $89.03M | $107.11M | $97.97M | $47.45M | $37.90M | $81.78M | $81.43M | $73.87M |
| Low Forecast | $166.62M | $112.91M | $100.81M | $103.02M | $142.63M | $98.06M | $85.67M | $75.36M | $64.50M | $38.31M | $35.94M | $100.54M | $26.35M | $12.90M | $10.96M | $91.40M | $123.42M | $81.04M | $86.57M | $72.25M | $144.62M | $95.56M | $89.03M | $71.41M | $97.97M | $47.45M | $37.90M | $54.52M | $81.43M | $73.87M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.43% | -10.91% | -0.13% | 0.37% | 1.31% | 1.10% | 1.26% | 1.46% | 1.12% | 1.38% | 0.98% | 1.94% | 1.58% | 1.94% | 0.94% | 0.95% | 0.63% |
Lazard's average Quarter net income forecast for Dec 23 is $36.89M, with a range of $26.35M to $44.26M. LAZ's average Quarter net income forecast represents a 416.68% increase compared to the company's last Quarter net income of $7.14M (Sep 23).
Lazard SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $20.75M | $82.78M | $78.86M | $78.87M | $65.99M | $68.63M | $61.39M | $75.31M | $57.63M | $59.20M | $56.35M | $62.08M | $53.58M | $53.82M | $66.93M | $88.38M | $72.28M |
| Avg Forecast | $114.78M | $88.32M | $87.74M | $87.79M | $103.56M | $86.01M | $83.33M | $82.30M | $87.52M | $70.36M | $68.30M | $67.75M | $72.80M | $62.53M | $62.48M | $61.59M | $84.39M | $65.00M | $66.90M | $48.69M | $85.21M | $71.50M | $66.01M | $92.04M | $69.03M | $50.88M | $50.33M | $132.72M | $68.19M | $60.89M |
| High Forecast | $119.44M | $91.91M | $91.30M | $91.36M | $107.77M | $89.50M | $86.71M | $87.30M | $89.81M | $71.15M | $68.30M | $81.30M | $76.64M | $65.21M | $65.01M | $73.91M | $101.27M | $65.00M | $66.90M | $58.43M | $85.21M | $71.50M | $66.01M | $110.45M | $69.03M | $50.88M | $50.33M | $159.26M | $68.19M | $60.89M |
| Low Forecast | $111.62M | $85.89M | $85.33M | $85.38M | $100.71M | $83.65M | $81.03M | $78.93M | $86.03M | $69.57M | $68.30M | $54.20M | $69.43M | $60.31M | $60.76M | $49.27M | $67.51M | $65.00M | $66.90M | $38.95M | $85.21M | $71.50M | $66.01M | $73.63M | $69.03M | $50.88M | $50.33M | $106.18M | $68.19M | $60.89M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.33% | 1.33% | 1.28% | 0.93% | 1.02% | 1.03% | 1.26% | 0.88% | 0.81% | 0.90% | 0.61% | 0.90% | 1.05% | 1.07% | 0.50% | 1.30% | 1.19% |
Lazard's average Quarter SG&A projection for Dec 23 is $72.80M, based on 3 Wall Street analysts, with a range of $69.43M to $76.64M. The forecast indicates a 250.77% rise compared to LAZ last annual SG&A of $20.75M (Sep 23).
Lazard EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.08 | $-1.40 | $-0.17 | $0.65 | $1.11 | $0.96 | $1.09 | $2.02 | $1.00 | $1.14 | $0.80 | $1.73 | $0.69 | $0.68 | $0.59 | $0.70 | $0.42 |
| Avg Forecast | $1.67 | $1.13 | $1.01 | $1.03 | $1.43 | $0.98 | $0.86 | $0.83 | $0.69 | $0.39 | $0.35 | $0.55 | $0.36 | $0.16 | $0.11 | $0.32 | $0.80 | $0.81 | $0.86 | $0.87 | $1.44 | $0.95 | $0.88 | $0.89 | $0.97 | $0.47 | $0.38 | $0.62 | $0.81 | $0.73 |
| High Forecast | $1.76 | $1.19 | $1.06 | $1.09 | $1.50 | $1.03 | $0.90 | $0.97 | $0.75 | $0.41 | $0.35 | $0.55 | $0.43 | $0.25 | $0.12 | $0.34 | $0.84 | $0.81 | $0.86 | $0.87 | $1.44 | $0.95 | $0.88 | $0.89 | $0.97 | $0.47 | $0.38 | $0.62 | $0.81 | $0.73 |
| Low Forecast | $1.61 | $1.09 | $0.97 | $1.00 | $1.38 | $0.95 | $0.83 | $0.73 | $0.62 | $0.37 | $0.35 | $0.55 | $0.25 | $0.12 | $0.11 | $0.31 | $0.77 | $0.81 | $0.86 | $0.87 | $1.44 | $0.95 | $0.88 | $0.89 | $0.97 | $0.47 | $0.38 | $0.62 | $0.81 | $0.73 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.50% | -12.75% | -0.53% | 0.81% | 1.38% | 1.12% | 1.25% | 1.41% | 1.05% | 1.29% | 0.90% | 1.78% | 1.46% | 1.81% | 0.95% | 0.87% | 0.57% |
According to 3 Wall Street analysts, Lazard's projected average Quarter EPS for Dec 23 is $0.36, with a low estimate of $0.25 and a high estimate of $0.43. This represents a 346.70% increase compared to LAZ previous annual EPS of $0.08 (Sep 23).
Lazard Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LAZ | Lazard | $54.95 | $53.25 | -3.09% | Buy |
| SF | Stifel Financial | $113.44 | $101.60 | -10.44% | Buy |
| MC | Moelis & Company | $73.38 | $47.00 | -35.95% | Buy |
| HLI | Houlihan Lokey | $186.95 | $119.50 | -36.08% | Hold |
| PWP | Perella Weinberg Partners | $24.99 | $15.50 | -37.98% | Buy |
| EVR | Evercore | $301.30 | $180.75 | -40.01% | Buy |
| PJT | PJT Partners | $155.86 | $79.50 | -48.99% | Buy |
| PIPR | Piper Sandler Companies | $334.13 | $162.33 | -51.42% | Buy |