Expert Outlook: Lazard Through The Eyes Of 5 Analysts
Portfolio Pulse from Benzinga Insights
Lazard (NYSE:LAZ) has been the subject of diverse analyst opinions ranging from bullish to bearish over the last three months. The average 12-month price target for LAZ is $39.8, with a high of $45.00 and a low of $31.00, reflecting a 12.11% increase from the previous average of $35.50. Analysts from UBS, Wolfe Research, Goldman Sachs, and Morgan Stanley have updated their ratings and price targets, indicating a mixed outlook. Lazard's financial performance shows a decline in revenue growth by -27.99% as of September 30, 2023, a below-average net margin of 1.15%, and an ROE of 1.69%. The company's debt-to-equity ratio is high at 6.04, suggesting a reliance on borrowed funds.

January 09, 2024 | 5:00 pm
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NEUTRAL IMPACT
Lazard's mixed analyst ratings and updated price targets, along with concerns over its financial performance, may lead to increased volatility in the short term.
The diverse analyst ratings and the recent updates to price targets suggest uncertainty, which could lead to short-term volatility. However, the financial concerns such as revenue decline and high debt levels may temper investor enthusiasm, leading to a neutral impact score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100