Lincoln National Corporation (LNC)

Lincoln National Stock Forecast

Stock Price Forecast

The 13 analysts that cover Lincoln National stock have a consensus rating of "Hold" and an average price target of $45.85, which forecasts a 32.90% increase in the stock price over the next year. The lowest target is $37 and the highest is $59.

Price Target: $45.85 (+32.90%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$37	$45.85	$46	$59
Change	+7.25%	+32.90%	+33.33%	+71.01%

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	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26
Strong Buy	0	0	0	1	1	1
Buy	1	1	1	2	2	3
Hold	8	8	8	7	7	7
Sell	2	2	2	2	2	2
Strong Sell	0	0	0	0	0	0
Total	11	11	11	12	12	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Wesley Carmichael Wells Fargo	Wells Fargo	Hold → Buy Upgrades $41 → $48	Hold → Buy	Upgrades	$41 → $48	+39.13%	Feb 25, 2026
Bob Huang Morgan Stanley	Morgan Stanley	Buy Maintains $54 → $50	Buy	Maintains	$54 → $50	+44.93%	Feb 23, 2026
Elyse Greenspan Wells Fargo	Wells Fargo	Hold Maintains $39 → $41	Hold	Maintains	$39 → $41	+18.84%	Jan 13, 2026
John Barnidge Piper Sandler	Piper Sandler	Hold Maintains $42 → $48	Hold	Maintains	$42 → $48	+39.13%	Dec 23, 2025
Yaron Kinar Mizuho	Mizuho	Buy Initiates $52	Buy	Initiates	$52	+50.72%	Dec 16, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

20.27B

Increased by 10.94%

from 18.27B

Revenue Next Year

21.03B

Increased by 3.74%

from 20.27B

EPS This Year

8.11

Increased by 39.08%

from 5.83

EPS Next Year

8.80

Increased by 8.59%

from 8.11

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	17.72B	18.93B	11.70B	17.97B	18.27B	20.27B	21.03B
Revenue Growth	1.58%	6.83%	-38.17%	53.55%	1.68%	10.94%	3.74%
EPS	19.96	7.79	-4.92	18.41	5.83	8.11	8.80
EPS Growth	679.86%	-60.99%	-	-	-68.34%	39.08%	8.59%
Forward PE	-	-	-	-	-	4.25	3.92
No. Analysts	-	-	-	-	-	14	12

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

Revenue Forecast

Revenue	2026	2027	2028	2029
High	21.7B	22.8B
Avg	20.3B	21.0B
Low	19.1B	19.7B

Revenue Growth

Revenue Growth	2026	2027	2028	2029
High	18.6%	12.5%
Avg	10.9%	3.7%
Low	4.6%	-2.9%

EPS Forecast

EPS	2026	2027	2028	2029
High	8.72	9.93
Avg	8.11	8.80
Low	7.46	8.09

EPS Growth

EPS Growth	2026	2027	2028	2029
High	49.5%	22.5%
Avg	39.1%	8.6%
Low	27.9%	-0.3%

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.