Lamar Advertising Co has a consensus price target of $115, established from looking at the 13 latest analyst ratings. The last 3 analyst ratings were released from Morgan Stanley, JP Morgan, and Morgan Stanley on February 26, 2024, February 26, 2024, and October 9, 2023. With an average price target of $104.67 between Morgan Stanley, JP Morgan, and Morgan Stanley, there's an implied -12.04% downside for Lamar Advertising Co from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
02/26/2024 | LAMR | Buy Now | Lamar Advertising | $118.99 | -7.56% | Morgan Stanley | Benjamin Swinburne | $105 → $110 | Maintains | Equal-Weight | Get Alert |
02/26/2024 | LAMR | Buy Now | Lamar Advertising | $118.99 | -8.4% | JP Morgan | Richard Close | $92 → $109 | Maintains | Neutral | Get Alert |
10/09/2023 | LAMR | Buy Now | Lamar Advertising | $118.99 | -20.16% | Morgan Stanley | Benjamin Swinburne | $100 → $95 | Maintains | Equal-Weight | Get Alert |
08/07/2023 | LAMR | Buy Now | Lamar Advertising | $118.99 | -15.96% | Morgan Stanley | Benjamin Swinburne | $108 → $100 | Maintains | Equal-Weight | Get Alert |
05/05/2023 | LAMR | Buy Now | Lamar Advertising | $118.99 | -9.24% | Morgan Stanley | Benjamin Swinburne | $110 → $108 | Maintains | Equal-Weight | Get Alert |
03/01/2023 | LAMR | Buy Now | Lamar Advertising | $118.99 | -2.51% | Citigroup | Jason Bazinet | $108 → $116 | Maintains | Buy | Get Alert |
02/27/2023 | LAMR | Buy Now | Lamar Advertising | $118.99 | -7.56% | JP Morgan | Richard Close | $100 → $110 | Maintains | Neutral | Get Alert |
08/04/2022 | LAMR | Buy Now | Lamar Advertising | $118.99 | -7.56% | Morgan Stanley | Benjamin Swinburne | $103 → $110 | Maintains | Equal-Weight | Get Alert |
07/07/2022 | LAMR | Buy Now | Lamar Advertising | $118.99 | -9.24% | Citigroup | Jason Bazinet | $112 → $108 | Upgrade | Neutral → Buy | Get Alert |
06/10/2022 | LAMR | Buy Now | Lamar Advertising | $118.99 | -13.44% | Morgan Stanley | Benjamin Swinburne | $135 → $103 | Downgrade | Overweight → Equal-Weight | Get Alert |
02/28/2022 | LAMR | Buy Now | Lamar Advertising | $118.99 | 13.45% | Morgan Stanley | Benjamin Swinburne | $138 → $135 | Maintains | Overweight | Get Alert |
06/11/2021 | LAMR | Buy Now | Lamar Advertising | $118.99 | 5.05% | Morgan Stanley | Ben Swinburne | — | Maintains | Overweight | Get Alert |
04/30/2021 | LAMR | Buy Now | Lamar Advertising | $118.99 | -3.36% | Morgan Stanley | — | — | Maintains | Overweight | Get Alert |
The latest price target for Lamar Advertising (NASDAQ: LAMR) was reported by Morgan Stanley on February 26, 2024. The analyst firm set a price target for $110.00 expecting LAMR to fall to within 12 months (a possible -7.35% downside). 5 analyst firms have reported ratings in the last year.
The latest analyst rating for Lamar Advertising (NASDAQ: LAMR) was provided by Morgan Stanley, and Lamar Advertising maintained 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 June 10, 2022 when Morgan Stanley changed their price target from $135 to $103 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 February 26, 2024 so you should expect the next rating to be made available sometime around February 26, 2025.
While ratings are subjective and will change, the latest Lamar Advertising (LAMR) rating was a maintained with a price target of $105.00 to $110.00. The current price Lamar Advertising (LAMR) is trading at is $118.73, which is out of the analyst’s predicted range.
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