BofA cuts target for Lazard stock to USD 43.00

Published on 10/20/2026 at 20:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income fell 96.37 percent to USD 3.54 million. Lazard stock costs EUR 32.70 on October 20, 2026 at 8:42 p.m. CEST.

Analyst target and results

BofA lowered its Lazard target from USD 47.00 to USD 43.00 on October 12, 2026.
Second-quarter net income fell 96.37 percent to USD 3.54 million.
Lazard stock costs EUR 32.70 at Lang & Schwarz on October 20, 2026 at 8:42 p.m. CEST.
Lazard is scheduled to announce third-quarter results on October 22, 2026.

LAZ, US52110M1099, Illustration mit AI erstellt.

Lazard (ISIN US52110M1099) received a lower price target from BofA, which cut its view from USD 47.00 to USD 43.00 on October 12, 2026, according to CNN. The stock was trading at EUR 32.70 at Lang & Schwarz on October 20, 2026 at 8:42 p.m. CEST.

Second-quarter earnings weakened

Lazard reported USD 815.55 million in second-quarter revenue and USD 3.54 million in net income, according to CNN. Revenue was flat from the prior year, while net income fell 96.37 percent from the prior quarter. Earnings per share came to USD 0.03 in the second quarter, down 96.39 percent from the prior quarter.

Stock remains near its yearly low

On the New York Stock Exchange, Lazard was trading at USD 36.81 on October 20, 2026 at 2:49 p.m. ET. Its USD 34.13 to USD 58.75 52-week range places the market price near the lower end of the yearly band. The company had a USD 3.6 billion market capitalization and a trailing price-to-earnings ratio of 17.74 at that time.

Results date is October 22

Lazard will publish its third-quarter and nine-month 2026 results on October 22, 2026, and will hold a conference call at 8:00 a.m. ET, according to the company's Lazard announcement dated October 1, 2026. The release will provide the next period for investors to compare advisory activity, asset management revenue and profitability with the weak second-quarter result.

Target cuts raise the bar

The USD 43.00 BofA target is USD 6.19 above the NYSE price of USD 36.81, a 16.82 percent premium based on those two same-currency values. Goldman Sachs separately lowered its target from USD 36.00 to USD 32.00 on October 13, 2026, according to Markets Insider. That USD 32.00 target is USD 4.81 below the NYSE price, making the analyst range unusually wide ahead of the results.

Price and investor perspective

Lazard combines financial advisory work with asset management, so the upcoming release will give investors a fresh read on both operating lines. The second-quarter net income decline makes the October 22 report more important than the headline revenue figure alone.

The further course of trading is shown by the continuously updated real-time quote of Lazard stock.