Lincoln National (LNC) Stock Forecast, Price Target & Predictions
LNC Stock Forecast
Lincoln National stock forecast is as follows: an average price target of $52.36 (represents a 59.10% upside from LNC’s last price of $32.91) 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 $52.36 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $82.00 to $24.00. This represents a potential 59.10% upside from LNC's last price of $32.91.
LNC Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 18, 2024 | Devin McDermott | Morgan Stanley | $24.00 | $33.40 | -28.14% | -27.07% |
| Oct 08, 2024 | Alex Scott | National Bank | $36.00 | $31.12 | 15.68% | 9.39% |
| Sep 04, 2024 | Alex Scott | National Bank | $35.00 | $31.47 | 11.22% | 6.35% |
| Jun 28, 2024 | Suneet Kamath | National Bank | $38.00 | $31.24 | 21.64% | 15.47% |
| May 22, 2024 | Suneet Kamath | National Bank | $34.00 | $30.67 | 10.86% | 3.31% |
| May 06, 2024 | John Barnidge | Piper Sandler | $30.00 | $28.82 | 4.09% | -8.84% |
| Apr 11, 2024 | Catherine Seifert | National Bank | $31.00 | $29.31 | 5.77% | -5.80% |
| Apr 05, 2024 | John Barnidge | Piper Sandler | $32.00 | $30.72 | 4.17% | -2.77% |
| Feb 12, 2024 | Suneet Kamath | National Bank | $26.00 | $27.35 | -4.94% | -21.00% |
| Jan 10, 2023 | - | Morgan Stanley | $40.00 | $30.66 | 30.46% | 21.54% |
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 -27.07% decrease from LNC last price ($32.91).
Lincoln National Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 3 | 9 |
| Avg Price Target | $30.00 | $31.67 | $31.78 |
| Last Closing Price | $32.91 | $32.91 | $32.91 |
| Upside/Downside | -8.84% | -3.77% | -3.43% |
In the current month, the average price target of Lincoln National stock is $30.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a -8.84% decrease as opposed to Lincoln National's last price of $32.91. This month's average price target is down -5.27% compared to last quarter, and down -5.60% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 18, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Oct 08, 2024 | Cowen & Co. | - | Hold | Initialise |
| Oct 08, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Sep 04, 2024 | Barclays | Underweight | Equal-Weight | Initialise |
| Jun 28, 2024 | Jefferies | Buy | Buy | Hold |
| Jun 28, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| May 22, 2024 | Jefferies | Hold | Buy | Upgrade |
| May 06, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Apr 11, 2024 | CFRA | Hold | Hold | Hold |
| Apr 05, 2024 | Piper Sandler | Neutral | Neutral | Hold |
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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $4.99B | $4.98B | $4.94B | $4.90B | $4.82B | $4.80B | $4.77B | $4.74B | $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 | $5.30B | $5.24B | $5.20B | $5.16B | $5.05B | $5.04B | $5.00B | $4.96B | $4.88B | $4.86B | $4.83B | $4.76B | $4.75B | $4.61B | $4.61B | $4.58B | $4.64B | $4.79B | $4.71B | $4.65B | $4.65B | $4.39B | $4.57B | $4.80B | $4.70B | $4.81B | $4.76B | $4.76B | $4.59B | $4.59B |
| Low Forecast | $5.18B | $5.13B | $5.08B | $5.05B | $4.94B | $4.93B | $4.89B | $4.85B | $4.77B | $4.75B | $4.72B | $4.69B | $4.62B | $4.60B | $4.61B | $4.58B | $3.76B | $4.57B | $4.60B | $4.54B | $4.54B | $4.39B | $4.57B | $4.80B | $4.70B | $4.81B | $4.76B | $4.76B | $4.59B | $4.59B |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 4 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 5 |
| 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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 4 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 5 |
| 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 | $-48.19M | $-47.71M | $-47.33M | $-46.99M | $-46.00M | $-45.90M | $-45.54M | $-45.16M | $-44.43M | $-44.20M | $-43.92M | $-43.68M | $-43.08M | $-42.47M | $-42.50M | $207.99M | $-40.39M | $-43.48M | $-42.83M | $189.08M | $450.39M | $-40.42M | $-42.10M | $171.89M | $-43.36M | $-44.29M | $-43.91M | $254.58M | $-42.29M | $-42.34M |
| High Forecast | $-47.72M | $-47.24M | $-46.86M | $-46.53M | $-45.55M | $-45.44M | $-45.09M | $-44.71M | $-43.99M | $-43.77M | $-43.49M | $-43.22M | $-42.62M | $-42.40M | $-42.50M | $249.58M | $-34.65M | $-42.12M | $-42.40M | $226.89M | $540.47M | $-40.42M | $-42.10M | $206.27M | $-43.36M | $-44.29M | $-43.91M | $305.49M | $-42.29M | $-42.34M |
| Low Forecast | $-48.81M | $-48.32M | $-47.93M | $-47.59M | $-46.59M | $-46.48M | $-46.12M | $-45.74M | $-45.00M | $-44.77M | $-44.48M | $-43.86M | $-43.82M | $-42.54M | $-42.50M | $166.39M | $-42.75M | $-44.12M | $-43.37M | $151.26M | $360.31M | $-40.42M | $-42.10M | $137.51M | $-43.36M | $-44.29M | $-43.91M | $203.66M | $-42.29M | $-42.34M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -23.51% | -18.10% | -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 $-40.39M, with a high of $-34.65M and a low of $-42.75M. This is -103.95% lower than Lincoln National's previous annual EBITDA (Sep 23) of $1.02B.
Lincoln National Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 4 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 5 |
| 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 | $426.44M | $409.58M | $427.75M | $335.86M | $388.60M | $371.99M | $386.14M | $309.95M | $355.14M | $342.21M | $355.95M | $269.85M | $316.32M | $278.34M | $306.64M | $136.90M | $226.59M | $304.45M | $320.15M | $124.46M | $328.10M | $313.41M | $382.15M | $113.14M | $327.50M | $444.83M | $424.95M | $175.17M | $331.76M | $324.05M |
| High Forecast | $433.51M | $416.38M | $434.85M | $341.43M | $395.05M | $378.16M | $392.54M | $315.09M | $361.03M | $347.89M | $361.85M | $289.25M | $326.41M | $291.27M | $306.68M | $164.28M | $288.39M | $344.24M | $325.47M | $149.35M | $393.72M | $313.41M | $382.15M | $135.77M | $327.74M | $444.83M | $424.95M | $210.20M | $331.76M | $324.05M |
| Low Forecast | $420.98M | $404.34M | $422.27M | $331.56M | $383.62M | $367.23M | $381.19M | $305.98M | $350.59M | $337.83M | $351.39M | $231.05M | $307.90M | $265.41M | $306.61M | $109.52M | $147.63M | $262.94M | $316.05M | $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 $226.59M, with a range of $147.63M to $288.39M. LNC's average Quarter net income forecast represents a -71.92% decrease compared to the company's last Quarter net income of $807.00M (Sep 23).
Lincoln National SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 4 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $683.35M | $676.58M | $671.14M | $666.34M | $652.30M | $650.79M | $645.69M | $640.35M | $629.99M | $626.77M | $622.81M | $619.37M | $610.84M | $602.18M | $602.70M | $599.15M | $572.65M | $616.53M | $607.26M | $599.49M | $599.61M | $573.20M | $596.98M | $626.94M | $614.80M | $628.05M | $622.68M | $622.48M | $599.62M | $600.43M |
| High Forecast | $692.07M | $685.21M | $679.71M | $674.84M | $660.62M | $659.10M | $653.93M | $648.52M | $638.03M | $634.77M | $630.75M | $622.00M | $621.33M | $603.16M | $602.70M | $599.15M | $606.19M | $625.61M | $615.01M | $607.14M | $607.26M | $573.20M | $596.98M | $626.94M | $614.80M | $628.05M | $622.68M | $622.48M | $599.62M | $600.43M |
| Low Forecast | $676.62M | $669.91M | $664.53M | $659.78M | $645.87M | $644.38M | $639.33M | $634.04M | $623.79M | $620.59M | $616.67M | $612.79M | $604.29M | $601.20M | $602.70M | $599.15M | $491.40M | $597.26M | $601.28M | $593.59M | $593.70M | $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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 4 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 5 |
| 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 | $2.47 | $2.37 | $2.47 | $1.94 | $2.25 | $2.15 | $2.23 | $1.79 | $2.05 | $1.98 | $2.06 | $1.56 | $1.83 | $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 | $2.51 | $2.41 | $2.52 | $1.97 | $2.28 | $2.19 | $2.27 | $1.82 | $2.09 | $2.01 | $2.09 | $1.67 | $1.89 | $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 | $2.43 | $2.34 | $2.44 | $1.92 | $2.22 | $2.12 | $2.20 | $1.77 | $2.03 | $1.95 | $2.03 | $1.34 | $1.78 | $1.54 | $1.77 | $1.10 | $0.85 | $1.52 | $1.83 | $1.59 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LNC | Lincoln National | $32.91 | $52.36 | 59.10% | Hold |
| MET | MetLife | $78.56 | $87.46 | 11.33% | Buy |
| UNM | Unum Group | $64.08 | $67.40 | 5.18% | Buy |
| BHF | Brighthouse Financial | $47.46 | $46.60 | -1.81% | Hold |
| PRU | Prudential Financial | $120.66 | $116.00 | -3.86% | Buy |
| JXN | Jackson Financial | $98.20 | $92.67 | -5.63% | Hold |
| AFL | Aflac | $104.51 | $93.11 | -10.91% | Hold |
| MFC | Manulife Financial | $29.70 | $25.86 | -12.93% | 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 $52.36 with a range of $24 to $82, implying a 59.10% from its last price of $32.91. 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 up by 59.10% (from the last price of $32.91 to the average price target of $52.36), up by 149.16% based on the highest stock price target, and down by -27.07% based on the lowest stock price target.
Can Lincoln National stock reach $50?
LNC's average twelve months analyst stock price target of $52.36 supports the claim that Lincoln National can reach $50 in the near future.
What is Lincoln National's current price target trend?
2 Wall Street analysts forecast a $30 price target for Lincoln National (LNC) this month, down -8.84% from its last price of $32.91. Compared to the last 3 and 12 months, the average price target decreased by -3.77% and decreased by -3.43%, respectively.
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 $19.81B (high $20.06B, low $19.61B), average EBITDA is $-183M (high $-181M, low $-185M), average net income is $1.46B (high $1.48B, low $1.44B), average SG&A $2.59B (high $2.62B, low $2.56B), and average EPS is $8.43 (high $8.57, low $8.32). LNC's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $20.64B (high $20.9B, low $20.43B), average EBITDA is $-190M (high $-188M, low $-193M), average net income is $1.6B (high $1.63B, low $1.58B), average SG&A $2.7B (high $2.73B, low $2.67B), and average EPS is $9.25 (high $9.41, low $9.13).
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 $2.4B by -6.50%. 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 $-43.48M by -2450.53%. Lincoln National's net income was $807M, beating the average estimation of $304.45M by 165.07%. The company's SG&A was $0, missing the average forecast of $616.53M by -100.00%. Lastly, the company's EPS was $4.76, beating the average prediction of $1.76 by 170.31%