Lamar Advertising Company (LAMR)
NASDAQ: LAMR · IEX Real-Time Price · USD
119.90
-0.62 (-0.51%)
At close: Jul 19, 2024, 4:00 PM
119.98
+0.08 (0.07%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Lamar Advertising Company Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for LAMR stock have an average target of 119, with a low estimate of 109 and a high estimate of 135. The average target predicts a decrease of -0.75% from the current stock price of 119.90.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for LAMR stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 2 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Strong Buy Initiates $135 | Strong Buy | Initiates | $135 | +12.59% | Jul 16, 2024 |
| Citigroup | Citigroup | Strong Buy → Hold Downgrades $122 | Strong Buy → Hold | Downgrades | $122 | +1.75% | Jul 11, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $105 → $110 | Hold | Maintains | $105 → $110 | -8.26% | Feb 26, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $92 → $109 | Hold | Maintains | $92 → $109 | -9.09% | Feb 26, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $100 → $95 | Hold | Maintains | $100 → $95 | -20.77% | Oct 9, 2023 |
Financial Forecast
Revenue This Year
2.25B
from 2.11B
Increased by 6.73%
Revenue Next Year
2.36B
from 2.25B
Increased by 4.88%
EPS This Year
5.19
from 4.85
Increased by 7.05%
EPS Next Year
5.89
from 5.19
Increased by 13.43%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.3B | 2.5B | 2.5B |
| Avg | 2.3B | 2.4B | 2.5B |
| Low | 2.2B | 2.2B | 2.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 10.1% | 9.2% | 7.5% |
| Avg | 6.7% | 4.9% | 3.7% |
| Low | 2.4% | -0.2% | -1.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.46 | 6.15 | 6.88 |
| Avg | 5.19 | 5.89 | 6.38 |
| Low | 4.91 | 5.55 | 5.83 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.6% | 18.5% | 16.8% |
| Avg | 7.0% | 13.4% | 8.3% |
| Low | 1.2% | 6.8% | -0.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.