UBS Lowers its Price Target on Lazard, Inc. (LAZ) to $48 from $59 and Maintains a Neutral Rating

Lazard, Inc. (NYSE:LAZ) is one of the 12 Most Undervalued Financial Stocks to Buy Now. On March 12, 2026, Lazard, Inc. (NYSE:LAZ) saw UBS lower its price target on the shares to $48 from $59 while maintaining a Neutral rating.

Also on March 12, 2026, Goldman Sachs reduced its price target on Lazard to $46 from $53 and kept a Sell rating. The firm noted that investment banking volumes are up about 4% year over year through March 9, though growth has slowed and could turn negative if geopolitical uncertainty persists. Goldman Sachs added that bank stocks are down roughly 15% year to date and have underperformed the S&P 500 due to multiple compression, though longer-term prospects for M&A remain constructive as the cycle is still viewed as being in the middle stages relative to the 2023 trough.

On March 10, 2026, Lazard reported preliminary assets under management of about $277.7 billion as of February 28. The month’s AUM included $8.9 billion in market appreciation and $4.2 billion in net inflows, partially offset by $0.8 billion in foreign exchange depreciation and a $1.5 billion decrease related to the sale of its stake in the Edgewater Funds management vehicles.

Source: unsplash

Lazard, Inc. (NYSE:LAZ) operates as a financial advisory and asset management firm across the Americas, Europe, the Middle East, Africa, and the Asia Pacific through its Financial Advisory and Asset Management segments.

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