Lincoln National Corporation (LNC)

Lincoln National Stock Forecast

Stock Price Forecast

The 9 analysts that cover Lincoln National stock have a consensus rating of "Hold" and an average price target of $39.56, which forecasts a -5.67% decrease in the stock price over the next year. The lowest target is $36 and the highest is $44.

Price Target: $39.56 (-5.67%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$36	$39.56	$40	$44
Change	-14.16%	-5.67%	-4.63%	+4.91%

Analyst Ratings

The average analyst rating for Lincoln National stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Mar '25	Apr '25	May '25	Jun '25	Jul '25	Aug '25
Strong Buy	1	1	1	1	0	0
Buy	0	0	0	0	0	0
Hold	8	9	9	9	9	8
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	10	11	11	11	10	9

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Nigel Dally Morgan Stanley	Morgan Stanley	Hold Maintains $38 → $41	Hold	Maintains	$38 → $41	-2.24%	Aug 18, 2025
Elyse Greenspan Wells Fargo	Wells Fargo	Hold Maintains $35 → $37	Hold	Maintains	$35 → $37	-11.78%	Aug 5, 2025
Ryan Krueger Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $40 → $42	Hold	Maintains	$40 → $42	+0.14%	Aug 4, 2025
Elyse Greenspan Wells Fargo	Wells Fargo	Hold Maintains $33 → $35	Hold	Maintains	$33 → $35	-16.55%	Jul 10, 2025
Ryan Krueger Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $39 → $40	Hold	Maintains	$39 → $40	-4.63%	Jul 9, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

19.03B

Increased by 5.92%

from 17.97B

Revenue Next Year

19.63B

Increased by 3.16%

from 19.03B

EPS This Year

7.23

Decreased by -60.73%

from 18.41

EPS Next Year

7.69

Increased by 6.38%

from 7.23

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	17.44B	17.72B	18.93B	11.70B	17.97B	19.03B	19.63B	20.14B
Revenue Growth	1.05%	1.58%	6.83%	-38.17%	53.55%	5.92%	3.16%	2.60%
EPS	2.56	19.96	7.79	-4.92	18.41	7.23	7.69	8.47
EPS Growth	-41.55%	679.86%	-60.99%	-	-	-60.73%	6.38%	10.16%
Forward PE	-	-	-	-	-	5.80	5.45	4.95
No. Analysts	-	-	-	-	-	14	14	10

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028
High	20.0B	21.0B	21.4B
Avg	19.0B	19.6B	20.1B
Low	18.1B	18.5B	19.1B

Revenue Growth

Revenue Growth	2025	2026	2027	2028
High	11.5%	10.5%	8.8%
Avg	5.9%	3.2%	2.6%
Low	0.8%	-2.7%	-2.8%

EPS Forecast

EPS	2025	2026	2027	2028
High	7.88	8.40	9.71
Avg	7.23	7.69	8.47
Low	6.62	7.15	7.39

EPS Growth

EPS Growth	2025	2026	2027	2028
High	-57.2%	16.2%	26.3%
Avg	-60.7%	6.4%	10.2%
Low	-64.1%	-1.1%	-4.0%

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.