​

Lincoln National (LNC) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

LNC Stock Forecast

Lincoln National stock forecast is as follows: an average price target of $30.00 (represents a -3.23% downside from LNC’s last price of $31.00) and a rating consensus of 'Hold', based on 13 wall street analysts offering a 1-year stock forecast.

LNC Price Target

The average price target for Lincoln National (LNC) is $30.00 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $36.00 to $24.00. This represents a potential -3.23% downside from LNC's last price of $31.00.

LNC Analyst Ratings

Hold

According to 13 Wall Street analysts, Lincoln National's rating consensus is 'Hold'. The analyst rating breakdown for LNC stock is 0 'Strong Buy' (0.00%), 3 'Buy' (23.08%), 10 'Hold' (76.92%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Lincoln National Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 18, 2024Devin McDermottMorgan Stanley$24.00$33.40-28.14%-22.58%
Oct 08, 2024Alex ScottNational Bank$36.00$31.1215.68%16.13%
Sep 04, 2024Alex ScottNational Bank$35.00$31.4711.22%12.90%
Jun 28, 2024Suneet KamathNational Bank$38.00$31.2421.64%22.58%
May 22, 2024Suneet KamathNational Bank$34.00$30.6710.86%9.68%
May 06, 2024John BarnidgePiper Sandler$30.00$28.824.09%-3.23%
Apr 11, 2024Catherine SeifertNational Bank$31.00$29.315.77%-
Apr 05, 2024John BarnidgePiper Sandler$32.00$30.724.17%3.23%
Feb 12, 2024Suneet KamathNational Bank$26.00$27.35-4.94%-16.13%
Jan 10, 2023Morgan Stanley$40.00$30.6630.46%29.03%
Jan 09, 2023Goldman Sachs$40.00$31.4027.39%29.03%
Dec 20, 2022Piper Sandler$31.00$29.574.85%-
Dec 18, 2022Ryan KrugerNational Bank$33.00$29.1713.13%6.45%
Nov 17, 2022Barclays$35.00$34.700.85%12.90%
Aug 05, 2022RBC Capital$57.00$47.0421.17%83.87%
Jul 14, 2022Barclays$49.00$45.387.98%58.06%
Jul 08, 2022Piper Sandler$55.00$48.0614.44%77.42%
Jul 06, 2022Evercore ISI$66.00$46.2542.70%112.90%
Jul 06, 2022Morgan Stanley$68.00$46.2746.96%119.35%
Jun 22, 2022Charles LedererWolfe Research$53.00$47.9110.62%70.97%
Jun 06, 2022Goldman Sachs$60.00$55.677.78%93.55%
May 27, 2022Piper Sandler$70.00$57.1622.46%125.81%
Oct 07, 2021Joshua ShankerBank of America Securities$82.00$71.2915.02%164.52%
Jul 12, 2021Jimmy BhullarJ.P. Morgan$81.00$62.6029.39%161.29%
May 18, 2021Randy BinnerB.Riley Financial$72.00$67.546.60%132.26%

The latest Lincoln National stock forecast, released on Oct 18, 2024 by Devin McDermott from Morgan Stanley, set a price target of $24.00, which represents a -28.14% decrease from the stock price at the time of the forecast ($33.40), and a -22.58% decrease from LNC last price ($31.00).

Lincoln National Price Target by Period

1M3M12M
# Anlaysts-29
Avg Price Target-$30.00$31.78
Last Closing Price$31.00$31.00$31.00
Upside/Downside-100.00%-3.23%2.52%

In the current month, the average price target of Lincoln National stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Lincoln National's last price of $31.00. 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

DateCompanyPrevious RatingNew RatingRating Change
Oct 18, 2024Wells FargoEqual-WeightEqual-WeightHold
Oct 08, 2024Cowen & Co.HoldInitialise
Oct 08, 2024BarclaysEqual-WeightEqual-WeightHold
Sep 04, 2024BarclaysUnderweightEqual-WeightInitialise
Jun 28, 2024JefferiesBuyBuyHold
Jun 28, 2024Piper SandlerNeutralNeutralHold
May 22, 2024JefferiesHoldBuyUpgrade
May 06, 2024Piper SandlerNeutralNeutralHold
Apr 11, 2024CFRAHoldHoldHold
Apr 05, 2024Piper SandlerNeutralNeutralHold
Mar 26, 2024Keefe, Bruyette & WoodsMarket PerformMarket PerformHold
Feb 12, 2024JefferiesUnderperformHoldUpgrade
May 16, 2023UBSNeutralNeutralHold
Mar 09, 2023Wells FargoEqual-WeightEqual-WeightHold
Feb 22, 2023Piper SandlerNeutralNeutralHold
Feb 09, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Jan 10, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Jan 09, 2023BarclaysEqual-WeightUnderweightDowngrade
Jan 09, 2023Goldman SachsBuyBuyHold
Dec 20, 2022Piper SandlerNeutralNeutralHold
Dec 16, 2022JefferiesUnderperformDowngrade
Nov 16, 2022Goldman SachsNeutralBuyUpgrade
Nov 07, 2022BarclaysEqual-WeightEqual-WeightHold
Nov 04, 2022Credit SuisseNeutralUpgrade
Nov 03, 2022Roth CapitalBuyInitialise
Jul 14, 2022BarclaysEqual-WeightEqual-WeightHold
Jul 08, 2022Piper SandlerOverweightOverweightHold
Jul 06, 2022Morgan StanleyOverweightOverweightHold
Jun 22, 2022Wolfe ResearchPeer PerformDowngrade
Jun 06, 2022Goldman SachsNeutralNeutralHold
May 27, 2022Piper SandlerOverweightOverweightHold
May 24, 2022CitigroupNeutralInitialise
Feb 22, 2022Morgan StanleyOverweightOverweightHold

Lincoln National's last stock rating was published by Wells Fargo on Oct 18, 2024. The company gave LNC a "Equal-Weight" rating, the same as its previous rate.

Lincoln National Financial Forecast

Lincoln National Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue-----------------$-109.00M$489.00M$3.81B$3.84B$4.80B$5.10B$4.69B$4.60B$5.24B$4.85B$4.53B$4.13B$5.36B
Avg Forecast$5.23B$5.18B$5.13B$5.10B$4.93B$4.93B$4.91B$4.86B$4.82B$4.79B$4.77B$4.75B$4.67B$4.61B$4.61B$4.58B$4.38B$4.72B$4.65B$4.59B$4.59B$4.39B$4.57B$4.80B$4.70B$4.81B$4.76B$4.76B$4.59B$4.59B
High Forecast$5.29B$5.23B$5.19B$5.15B$4.98B$4.98B$4.96B$4.92B$4.87B$4.84B$4.82B$4.83B$4.73B$4.61B$4.61B$4.58B$4.64B$4.79B$4.70B$4.64B$4.64B$4.39B$4.57B$4.80B$4.70B$4.81B$4.76B$4.76B$4.59B$4.59B
Low Forecast$5.15B$5.10B$5.06B$5.03B$4.86B$4.86B$4.84B$4.79B$4.75B$4.72B$4.70B$4.67B$4.60B$4.60B$4.61B$4.58B$3.76B$4.57B$4.58B$4.52B$4.52B$4.39B$4.57B$4.80B$4.70B$4.81B$4.76B$4.76B$4.59B$4.59B
# Analysts111111111113544458544343545455
Surprise %------------------0.02%0.11%0.83%0.84%1.09%1.12%0.98%0.98%1.09%1.02%0.95%0.90%1.17%

Lincoln National's average Quarter revenue forecast for Dec 23 based on 5 analysts is $4.38B, with a low forecast of $3.76B, and a high forecast of $4.64B. LNC's average Quarter revenue forecast represents a -4119.66% decrease compared to the company's last Quarter revenue of $-109.00M (Sep 23).

Lincoln National EBITDA Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111113544458544343545455
EBITDA-----------------$1.02B$775.00M$-1.09B$43.00M$-3.07B$337.00M$158.00M$302.00M$441.00M$837.00M$327.00M$154.99M$526.00M
Avg Forecast$2.94B$2.91B$2.88B$2.86B$2.77B$2.77B$2.76B$2.73B$2.71B$2.69B$2.68B$2.67B$2.62B$2.59B$2.59B$207.99M$2.46B$2.65B$2.61B$189.08M$450.39M$-40.42M$-42.10M$171.89M$-43.36M$-44.29M$-43.91M$254.58M$-42.29M$-42.34M
High Forecast$2.97B$2.94B$2.92B$2.90B$2.80B$2.80B$2.79B$2.76B$2.74B$2.72B$2.71B$2.72B$2.66B$2.59B$2.59B$249.58M$2.61B$2.69B$2.64B$226.89M$540.47M$-40.42M$-42.10M$206.27M$-43.36M$-44.29M$-43.91M$305.49M$-42.29M$-42.34M
Low Forecast$2.90B$2.87B$2.84B$2.82B$2.73B$2.73B$2.72B$2.69B$2.67B$2.65B$2.64B$2.63B$2.59B$2.58B$2.59B$166.39M$2.11B$2.57B$2.57B$151.26M$360.31M$-40.42M$-42.10M$137.51M$-43.36M$-44.29M$-43.91M$203.66M$-42.29M$-42.34M
Surprise %-----------------0.39%0.30%-5.75%0.10%75.85%-8.00%0.92%-6.97%-9.96%-19.06%1.28%-3.67%-12.42%

5 analysts predict LNC's average Quarter EBITDA for Dec 23 to be $2.46B, with a high of $2.61B and a low of $2.11B. This is 140.84% upper than Lincoln National's previous annual EBITDA (Sep 23) of $1.02B.

Lincoln National Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111113544458544343545455
Net Income-----------------$807.00M$612.00M$-881.00M$812.00M$-2.57B$238.00M$104.00M$220.00M$318.00M$642.00M$225.00M$143.00M$398.00M
Avg Forecast$421.03M$411.55M$428.60M$338.36M$392.41M$375.46M$384.69M$305.11M$354.19M$344.10M$356.38M$271.96M$314.62M$278.27M$306.56M$136.90M$226.53M$304.38M$320.07M$124.46M$328.10M$313.41M$382.15M$113.14M$327.50M$444.83M$424.95M$175.17M$331.76M$324.05M
High Forecast$427.00M$417.39M$434.68M$343.16M$397.97M$380.78M$390.14M$309.43M$359.21M$348.97M$361.43M$307.28M$337.21M$291.20M$306.60M$164.28M$288.32M$344.15M$324.61M$149.35M$393.72M$313.41M$382.15M$135.77M$327.74M$444.83M$424.95M$210.20M$331.76M$324.05M
Low Forecast$413.18M$403.88M$420.61M$332.05M$385.09M$368.46M$377.52M$299.42M$347.59M$337.68M$349.73M$218.98M$278.11M$265.34M$306.53M$109.52M$147.59M$262.87M$314.10M$99.57M$262.48M$313.41M$382.15M$90.51M$327.27M$444.83M$424.95M$140.13M$331.76M$324.05M
Surprise %-----------------2.65%1.91%-7.08%2.47%-8.21%0.62%0.92%0.67%0.71%1.51%1.28%0.43%1.23%

Lincoln National's average Quarter net income forecast for Dec 23 is $226.53M, with a range of $147.59M to $288.32M. LNC's average Quarter net income forecast represents a -71.93% decrease compared to the company's last Quarter net income of $807.00M (Sep 23).

Lincoln National SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111113544458544343545455
SG&A------------------------------
Avg Forecast$719.74M$712.61M$706.89M$701.83M$678.75M$678.12M$675.59M$669.68M$663.19M$659.21M$656.66M$654.37M$643.18M$634.25M$634.80M$631.06M$603.15M$649.37M$639.60M$631.42M$631.54M$573.20M$596.98M$626.94M$614.80M$628.05M$622.68M$622.48M$599.62M$600.43M
High Forecast$727.58M$720.38M$714.59M$709.48M$686.15M$685.51M$682.95M$676.97M$670.42M$666.39M$663.81M$665.42M$651.42M$635.29M$634.80M$631.06M$638.47M$658.93M$646.57M$638.30M$638.42M$573.20M$596.98M$626.94M$614.80M$628.05M$622.68M$622.48M$599.62M$600.43M
Low Forecast$709.42M$702.39M$696.75M$691.76M$669.02M$668.40M$665.90M$660.07M$653.68M$649.75M$647.24M$643.33M$633.56M$633.22M$634.80M$631.06M$517.57M$629.07M$630.43M$622.36M$622.48M$573.20M$596.98M$626.94M$614.80M$628.05M$622.68M$622.48M$599.62M$600.43M
Surprise %------------------------------

Lincoln National's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to LNC last annual SG&A of $NaN (undefined).

Lincoln National EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111113544458544343545455
EPS-----------------$4.76$3.57$-5.20$0.04$-15.21$1.39$0.60$1.24$1.70$3.38$1.17$0.74$2.06
Avg Forecast$2.44$2.38$2.48$1.96$2.27$2.17$2.23$1.77$2.05$1.99$2.06$1.57$1.82$1.61$1.77$1.10$1.31$1.76$1.85$1.61$1.84$1.81$2.21$1.82$1.89$2.57$2.46$1.49$1.92$1.87
High Forecast$2.47$2.41$2.51$1.99$2.30$2.20$2.26$1.79$2.08$2.02$2.09$1.78$1.95$1.68$1.77$1.10$1.67$1.99$1.88$1.63$1.90$1.81$2.21$1.82$1.90$2.57$2.46$1.49$1.92$1.87
Low Forecast$2.39$2.34$2.43$1.92$2.23$2.13$2.18$1.73$2.01$1.95$2.02$1.27$1.61$1.54$1.77$1.10$0.85$1.52$1.82$1.58$1.78$1.81$2.21$1.82$1.89$2.57$2.46$1.49$1.92$1.87
Surprise %-----------------2.70%1.93%-3.24%0.02%-8.39%0.63%0.33%0.65%0.66%1.38%0.79%0.39%1.10%

According to 5 Wall Street analysts, Lincoln National's projected average Quarter EPS for Dec 23 is $1.31, with a low estimate of $0.85 and a high estimate of $1.67. This represents a -72.47% decrease compared to LNC previous annual EPS of $4.76 (Sep 23).

Lincoln National Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
METMetLife$81.25$90.5011.38%Buy
JXNJackson Financial$90.37$92.672.55%Hold
PRUPrudential Financial$118.89$119.670.66%Buy
AFLAflac$102.75$102.17-0.56%Hold
BHFBrighthouse Financial$48.96$46.00-6.05%Hold
UNMUnum Group$72.86$67.40-7.49%Buy
LNCLincoln National$32.46$30.00-7.58%Hold
MFCManulife Financial$30.73$25.86-15.85%Buy

LNC Forecast FAQ

Is Lincoln National a good buy?

No, according to 13 Wall Street analysts, Lincoln National (LNC) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 23.08% of LNC's total ratings.

What is LNC's price target?

Lincoln National (LNC) average price target is $30 with a range of $24 to $36, implying a -3.23% from its last price of $31. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Lincoln National stock go up soon?

According to Wall Street analysts' prediction for LNC stock, the company can go down by -3.23% (from the last price of $31 to the average price target of $30), up by 16.13% based on the highest stock price target, and down by -22.58% based on the lowest stock price target.

Can Lincoln National stock reach $50?

LNC's average twelve months analyst stock price target of $30 does not support the claim that Lincoln National can reach $50 in the near future.

What are Lincoln National's analysts' financial forecasts?

Lincoln National's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $19.63B (high $19.84B, low $19.35B), average EBITDA is $11.03B (high $11.15B, low $10.87B), average net income is $1.46B (high $1.48B, low $1.43B), average SG&A $2.7B (high $2.73B, low $2.66B), and average EPS is $8.43 (high $8.55, low $8.28). LNC's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $20.64B (high $20.86B, low $20.34B), average EBITDA is $11.59B (high $11.72B, low $11.43B), average net income is $1.6B (high $1.62B, low $1.57B), average SG&A $2.84B (high $2.87B, low $2.8B), and average EPS is $9.25 (high $9.39, low $9.08).

Did the LNC's actual financial results beat the analysts' financial forecasts?

Based on Lincoln National's last annual report (Dec 2022), the company's revenue was $18.81B, beating the average analysts forecast of $18.34B by 2.58%. Apple's EBITDA was $-2.491B, missing the average prediction of $539.76M by -561.50%. The company's net income was $1.36B, beating the average estimation of $1.14B by 19.46%. Apple's SG&A was $2.24B, missing the average forecast of $2.43B by -7.73%. Lastly, the company's EPS was $-13.11, missing the average prediction of $7.68 by -270.72%. In terms of the last quarterly report (Sep 2023), Lincoln National's revenue was $-109M, missing the average analysts' forecast of $4.72B by -102.31%. The company's EBITDA was $1.02B, missing the average prediction of $2.65B by -61.43%. Lincoln National's net income was $807M, beating the average estimation of $304.38M by 165.13%. The company's SG&A was $0, missing the average forecast of $649.37M by -100.00%. Lastly, the company's EPS was $4.76, beating the average prediction of $1.76 by 170.31%