Lamar Advertising Co has a consensus price target of $125 based on the ratings of 5 analysts. The high is $140 issued by TD Cowen on August 9, 2024. The low is $110 issued by Morgan Stanley on February 26, 2024. The 3 most-recent analyst ratings were released by Wells Fargo, TD Cowen, and JP Morgan on September 19, 2024, August 9, 2024, and July 31, 2024, respectively. With an average price target of $131 between Wells Fargo, TD Cowen, and JP Morgan, there's an implied -1.90% downside for Lamar Advertising Co from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Lamar Advertising (NASDAQ:LAMR) was reported by Wells Fargo on September 19, 2024. The analyst firm set a price target for $132.00 expecting LAMR to fall to within 12 months (a possible -1.15% downside). 8 analyst firms have reported ratings in the last year.
The latest analyst rating for Lamar Advertising (NASDAQ:LAMR) was provided by Wells Fargo, and Lamar Advertising initiated their equal-weight rating.
The last upgrade for Lamar Advertising Co happened on July 7, 2022 when Citigroup raised their price target to $108. Citigroup previously had a neutral for Lamar Advertising Co.
The last downgrade for Lamar Advertising Co happened on July 11, 2024 when Citigroup changed their price target from N/A to $122 for Lamar Advertising Co.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Lamar Advertising, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Lamar Advertising was filed on September 19, 2024 so you should expect the next rating to be made available sometime around September 19, 2025.
While ratings are subjective and will change, the latest Lamar Advertising (LAMR) rating was a initiated with a price target of $0.00 to $132.00. The current price Lamar Advertising (LAMR) is trading at is $133.54, which is out of the analyst’s predicted range.
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