Is Lazard (NYSE: LAZ) Poised for Growth in the Coming Months?

February 05, 2025 02:49 AM PST | By Team Kalkine Media

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Is Lazard (NYSE: LAZ) Poised for Growth in the Coming Months? — Image source: Shutterstock

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Highlights

UBS Group raises target price for Lazard (NYSE:LAZ) to $54.00

Lazard sees varying target price adjustments from other firms

Multiple analysts share differing views on the stock's future direction

Introduction to the Financial Sector

The financial services sector plays a crucial role in the global economy, encompassing a broad range of services including asset management, banking, insurance, and investment services. As a part of this sector, Lazard (NYSE:LAZ) stands out as a leading global financial advisory and asset management firm. With a long history and a presence in many countries, the company offers various services to institutional and individual clients worldwide. The firm has been consistently focused on helping businesses and governments navigate complex financial landscapes.

Recent Developments in Lazard's Stock

Lazard has garnered attention recently due to several updates in stock price targets by various research firms. One of the more notable changes came from UBS Group, which adjusted its target price for Lazard, increasing it to $54.00. This adjustment represents an increase from the previous target and suggests some level of optimism regarding the firm's market performance. UBS Group currently holds a neutral stance on the asset manager’s stock, indicating a stable view of its future in the financial industry.

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