4 Analysts Have This To Say About Lazard
Portfolio Pulse from Benzinga Insights
Four analysts have recently updated their ratings on Lazard (NYSE:LAZ), with an average 12-month price target of $41.00, up from the previous $29.50. The ratings range from 'Outperform' to 'Sell', with price targets varying from $31.00 to $51.00. Lazard's financial performance shows challenges with a -27.99% revenue decline, a low net margin of 1.15%, and a high debt-to-equity ratio of 6.04. The company's history dates back to 1848, focusing on financial advisory and asset management, with a significant international presence.

January 29, 2024 | 1:00 pm
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Lazard's stock may see mixed reactions due to updated analyst ratings with a higher average price target, but financial challenges could temper optimism.
The updated analyst ratings and increased price target suggest a positive outlook, which could lead to short-term price appreciation. However, the company's financial challenges, such as declining revenue and high debt levels, may cause concern among investors, potentially limiting gains or leading to volatility.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100