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Lazard Inc has a consensus price target of $46.5 based on the ratings of 11 analysts. The high is $56 issued by Keefe, Bruyette & Woods on July 26, 2024. The low is $29 issued by Morgan Stanley on October 31, 2022. The 3 most-recent analyst ratings were released by Wells Fargo, Goldman Sachs, and Keefe, Bruyette & Woods on September 12, 2024, July 26, 2024, and July 26, 2024, respectively. With an average price target of $49.67 between Wells Fargo, Goldman Sachs, and Keefe, Bruyette & Woods, there's an implied -1.40% downside for Lazard Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Lazard (NYSE:LAZ) was reported by Wells Fargo on September 12, 2024. The analyst firm set a price target for $51.00 expecting LAZ to rise to within 12 months (a possible 1.25% upside). 18 analyst firms have reported ratings in the last year.
The latest analyst rating for Lazard (NYSE:LAZ) was provided by Wells Fargo, and Lazard initiated their equal-weight rating.
The last upgrade for Lazard Inc happened on January 3, 2024 when Wolfe Research raised their price target to $42. Wolfe Research previously had a peer perform for Lazard Inc.
The last downgrade for Lazard Inc happened on September 19, 2023 when Goldman Sachs changed their price target from $37 to $32 for Lazard Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Lazard, 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 Lazard was filed on September 12, 2024 so you should expect the next rating to be made available sometime around September 12, 2025.
While ratings are subjective and will change, the latest Lazard (LAZ) rating was a initiated with a price target of $0.00 to $51.00. The current price Lazard (LAZ) is trading at is $50.37, which is within the analyst’s predicted range.
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