
Lazard (LAZ) Stock Forecast & Price Target
Lazard (LAZ) Analyst Ratings
Bulls say
Lazard's asset under management (AUM) increased by 1% quarter-over-quarter to $248 billion, driven by $9 billion in market appreciation and $6 billion in foreign exchange gains, despite net outflows predominantly from a single client. The company anticipates a strengthening M&A environment, particularly across the US and Europe, which is expected to contribute positively to financial advisory revenues in the coming years. Additionally, revised earnings per share (EPS) estimates show a positive trajectory for 2024, 2025, and 2026, reflecting stronger financial performance amidst a constructive outlook on overall business activity.
Bears say
Lazard is currently facing significant challenges, as indicated by expected choppy outflows, with October projected to perform worse than the company’s year-to-date monthly average. The company's third-quarter estimate has been revised downward due to increased compensation and benefits, diminished asset management revenues, and heightened operational costs, leading to lowered earnings per share estimates for 2024 and 2025. Additionally, the asset management segment reported underperformance relative to peers, with elevated client redemptions and pressure on fees compounding the risks associated with a potential recession, which could negatively impact M&A activity and capital market engagement.
This aggregate rating is based on analysts' research of Lazard and is not a guaranteed prediction by Public.com or investment advice.
Lazard (LAZ) Analyst Forecast & Price Prediction
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