LAZ Similar Chart Price Prediction
The price of LAZ is predicted to go up 9.01%, based on the high correlation periods with FELE. The similarity of these two price pattern on the periods is 95.06%.
LAZ
FELE
Up: 9.01%Similarity: 95.06%
LAZ Revenue Forecast
LAZ EPS Forecast
LAZ FAQs
What is bull’s view on LAZ?
What is bear's view on LAZ?
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LAZ VS S&P500
Lazard has the largest geographic footprint among financial advisory-focused investment banks and is in a strong position when global M&A accelerates. The company is well-recognized for its expertise in restructuring, which provides some counterbalance in a recession.
A more growth-orientated mindset by management could improve the company's valuation. Changing to a C-Corporation could bring in new investors and demand for shares.
Lazard has fairly well-scaled and profitable financial advisory and asset-management businesses, which is fairly unique among the investment banks.
LAZ Analyst's Forecast
Ryan Kenny
Morgan Stanley
Buy → Hold
2024-12-09
Price Target
$60 → $63
Upside
+15.26%
Morgan Stanley analyst Ryan Kenny downgraded Lazard to Equal Weight from Overweight with a price target of $63, up from $60. After this year's outperformance, the firm sees further upside across its M&A boutique coverage as prior bull case plays out and firms execute on the M&A rebound, the analyst tells investors. However, its downgrade to Equal Weight is driven in part by valuation as the share price has already more than doubled from its trough in late 2023 and the firm now sees a more balanced risk-reward.
Devin Ryan
JMP Securities
Buy
2024-11-01
Price Target
$55 → $59
Upside
+10.67%
Devin Ryan
JMP Securities
Buy
2024-10-09
Price Target
$52 → $55
Upside
+11.11%
