Benzinga · Oct 23, 2026
Morgan Stanley Maintains Underweight on Lazard, Lowers Price Target to $40
Morgan Stanley analyst Ryan Kenny maintains Lazard (NYSE:LAZ) with a Underweight and lowers the price target from $41 to $40.
LA
NASDAQ · LAZ
Lazard Ltd
Financial Services · Financial - Capital Markets
$38.17
Up+$0.47 (+1.25%)
Updated Oct 28, 2026, 11:39 AM
SID Score
4.6/10
Composite research score
Smart Money
58/100
Neutral
- Market cap
- 4.82B
- P/E ratio
- 18.01
- Dividend yield
- 5.24%
- 52-week range
- $34.13 – $58.75
- Volume
- 2.26M
- Avg. volume
- 870.99K
Price performance · LAZ
LAZ price history
1M range · 21 trading sessions · Daily adjusted prices
Prices through Oct 27, 2026
LAZ closed at $38.17 after 21 trading sessions, up 6.62% for the selected period.
- Last close
- $38.17
- Period change
- +6.62%
- Period low
- $34.66
- Period high
- $38.17
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 27, 2026 | $37.66 | $38.56 | $37.66 | $38.17 | 2.26M |
| Oct 26, 2026 | $37.34 | $38.59 | $37.21 | $37.70 | 1.63M |
| Oct 23, 2026 | $36.55 | $38.03 | $36.28 | $37.21 | 2.61M |
| Oct 22, 2026 | $35.065 | $37.53 | $35.00 | $37.30 | 2.78M |
| Oct 21, 2026 | $37.27 | $38.02 | $36.75 | $37.37 | 1.6M |
| Oct 20, 2026 | $35.54 | $37.39 | $35.32 | $36.67 | 1.47M |
| Oct 19, 2026 | $36.51 | $37.00 | $35.59 | $35.61 | 1.29M |
| Oct 16, 2026 | $36.35 | $36.99 | $35.70 | $36.09 | 1.65M |
| Oct 15, 2026 | $34.83 | $36.455 | $34.31 | $36.16 | 1.93M |
| Oct 14, 2026 | $35.68 | $35.935 | $34.13 | $34.66 | 2.29M |
| Oct 13, 2026 | $37.18 | $37.575 | $36.43 | $36.52 | 2.63M |
| Oct 12, 2026 | $36.07 | $37.40 | $35.35 | $37.05 | 1.74M |
| Oct 9, 2026 | $36.17 | $36.79 | $35.61 | $36.75 | 933.48K |
| Oct 8, 2026 | $35.19 | $35.99 | $34.85 | $35.82 | 1.65M |
| Oct 7, 2026 | $35.53 | $35.93 | $34.76 | $35.82 | 1.15M |
| Oct 6, 2026 | $35.27 | $36.96 | $35.27 | $36.36 | 1.91M |
| Oct 5, 2026 | $35.91 | $36.185 | $35.26 | $35.28 | 1.29M |
| Oct 2, 2026 | $36.83 | $37.50 | $35.975 | $36.07 | 1.22M |
| Oct 1, 2026 | $35.60 | $36.73 | $35.28 | $36.44 | 1.49M |
| Sep 30, 2026 | $36.03 | $36.665 | $35.57 | $36.23 | 1.62M |
| Sep 29, 2026 | $35.91 | $36.39 | $35.55 | $35.80 | 1.7M |
Latest LAZ news
The latest Smart Investors Daily articles mentioning LAZ.
Stock researchCompany · Overview
Company
Market Activity
Research & News
LAZ research
Overview
Company profile and research snapshot.
Company profile
Lazard Inc has a storied history that can be traced back to 1848. The company's revenue is fairly evenly split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily driven by equities (over 80% of assets under management), has an international focus, and targets institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 35% in EMEA, and 5% in Asia-Pacific. Lazard has offices across more than 20 countries and over 3,000 employees.
Visit company websiteAnalyst outlook
Consensus and target data currently published for this company.
- Consensus
- —
- Average target
- $55.25
- Implied upside
- —
- Analysts
- —
| Date | Firm | Rating | Target |
|---|---|---|---|
| Oct 23, 2026 | Morgan Stanley | Underweight | — |
| Oct 13, 2026 | Goldman Sachs | Sell | — |
| Oct 8, 2026 | Morgan Stanley | Underweight | — |
| Oct 7, 2026 | UBS | Neutral | — |
| Oct 1, 2026 | Goldman Sachs | Sell | — |
News briefing
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Yahoo · Oct 23, 2026
LAZ Q3 deep dive: Advisory and asset management progress, Campbell Lutyens integration in focus
Financial advisory firm Lazard (NYSE:LAZ) fell short of the market’s revenue expectations in Q3 2026, but sales rose 11% year on year to $804.6 million. Its non-GAAP profit of $0.36 per share was 13% below analysts’ consensus estimates.
Yahoo · Oct 23, 2026
Lazard (LAZ) Q3 Results Deepen Concern Over Margin Pressure
Lazard stock barely moved after its Q3 2026 report, slipping just 0.2% to about US$37. That muted reaction masks a more detailed story in the earnings. Advisory and asset management revenue combined reached about US$814.2m for the quarter, while basic earnings per share landed at roughly US$0.29. The central focus is profitability. Net income excluding one off items came in at about US$29.2m, which keeps the pressure on Lazard’s margins after a challenging period for earnings quality. Short...
Yahoo · Oct 23, 2026
Lazard (LAZ) Stock Looks Fully Priced Following Its 50% 3 Year Run
Lazard has seen a mixed share price path in recent years, and that raises a simple question for anyone looking at the stock today. Is the current valuation supported by what the business is actually earning? Over the past 3 years the stock has gained about 50.2%. That puts the focus squarely on whether that move lines up with the underlying earnings power of the advisory and asset management franchise. For a fee-based financial group like Lazard, revenue quality, cost discipline and how much...
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