Lamar Advertising (LAMR) Stock Forecast & Price Target

$120.47

+2.63 (+2.23%)

(As of 07/26/2024 ET)

Lamar Advertising - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 4 Analyst Ratings

Based on 4 Wall Street analysts who have issued ratings for Lamar Advertising in the last 12 months, the stock has a consensus rating of "Hold." Out of the 4 analysts, 3 have given a hold rating, and 1 has given a buy rating for LAMR.

Consensus Price Target

$119.00
-1.22% Downside

High Forecast	$135.00
Average Forecast	$119.00
Low Forecast	$109.00

According to the 4 analysts' twelve-month price targets for Lamar Advertising, the average price target is $119.00. The highest price target for LAMR is $135.00, while the lowest price target for LAMR is $109.00. The average price target represents a forecasted downside of -1.22% from the current price of $120.47.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$119.00	$109.50	$109.50	$112.00
Forecasted Upside	-1.22% Downside	0.58% Upside	0.58% Upside	9.07% Upside

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LAMR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

LAMR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Lamar Advertising Stock vs. The Competition

Type	Lamar Advertising	Finance Companies	S&P 500
Consensus Rating Score	2.25	2.44	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-1.22% Downside	35.47% Upside	9.17% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/16/2024	TD Cowen 4 of 5 stars	L. Vitanza Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$135.00	+14.70%
7/11/2024	Citigroup 3 of 5 stars	J. Bazinet Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$122.00	+3.77%
2/26/2024	Morgan Stanley 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$105.00 ➝ $110.00	+2.18%
2/26/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$92.00 ➝ $109.00	-0.98%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:43 PM ET.

LAMR Forecast - Frequently Asked Questions

What is Lamar Advertising's forecast for 2024?: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Lamar Advertising is $119.00, with a high forecast of $135.00 and a low forecast of $109.00.
Should I buy or sell Lamar Advertising stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lamar Advertising in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" LAMR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LAMR, but not buy additional shares or sell existing shares.
Does Lamar Advertising's stock price have much upside?: According to analysts, Lamar Advertising's stock has a predicted upside of 5.08% based on their 12-month stock forecasts.
Has Lamar Advertising been downgraded by Wall Street analysts recently?: Over the previous 90 days, Lamar Advertising's stock had 1 downgrade by analysts.
What analysts cover Lamar Advertising?: Lamar Advertising has been rated by research analysts at Citigroup, and TD Cowen in the past 90 days.
Do Wall Street analysts like Lamar Advertising more than its competitors?: Analysts like Lamar Advertising less than other "finance" companies. The consensus rating score for Lamar Advertising is 2.25 while the average consensus rating score for "finance" companies is 2.44. Learn more on how LAMR compares to other companies.