Lamar Advertising Co has a consensus price target of $132.4 based on the ratings of 5 analysts. The high is $160 issued by TD Cowen on November 11, 2024. The low is $121 issued by JP Morgan on July 31, 2024. The 3 most-recent analyst ratings were released by TD Cowen, Wells Fargo, and Morgan Stanley on November 11, 2024, respectively. With an average price target of $139.67 between TD Cowen, Wells Fargo, and Morgan Stanley, there's an implied 8.70% upside for Lamar Advertising Co from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Lamar Advertising (NASDAQ:LAMR) was reported by TD Cowen on November 11, 2024. The analyst firm set a price target for $160.00 expecting LAMR to rise to within 12 months (a possible 24.52% upside). 10 analyst firms have reported ratings in the last year.
The latest analyst rating for Lamar Advertising (NASDAQ:LAMR) was provided by TD Cowen, and Lamar Advertising maintained their buy rating.
The last upgrade for Lamar Advertising Co happened on July 7, 2022 when Citigroup raised their price target to $108. Citigroup previously had a neutral for Lamar Advertising Co.
The last downgrade for Lamar Advertising Co happened on July 11, 2024 when Citigroup changed their price target from N/A to $122 for Lamar Advertising Co.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Lamar Advertising, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Lamar Advertising was filed on November 11, 2024 so you should expect the next rating to be made available sometime around November 11, 2025.
While ratings are subjective and will change, the latest Lamar Advertising (LAMR) rating was a maintained with a price target of $142.00 to $160.00. The current price Lamar Advertising (LAMR) is trading at is $128.49, which is out of the analyst’s predicted range.
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