Lazard (LAZ): Exploring Valuation After Recent Outperformance in Advisory and Asset Management

Lazard (LAZ) has quietly outperformed the broader market over the past month, with shares climbing about 10% as investors warm to its mix of advisory revenue and asset management fee streams.

See our latest analysis for Lazard.

That move sits against a rockier backdrop, with the share price down over the last quarter but still posting a modest year to date share price return. At the same time, a strong three year total shareholder return hints that longer term momentum remains intact.

If Lazard’s mix of advisory and asset management has your attention, this could be a good moment to explore fast growing stocks with high insider ownership for other compelling ideas.

With Lazard trading below some intrinsic value estimates yet only modestly under analyst targets, the key question now is whether investors are overlooking further upside or if the market is already pricing in its next leg of growth?

Most Popular Narrative: 8.1% Undervalued

With Lazard last closing at $53.47 against a narrative fair value of $58.17, the current share price sits below the implied long term value.

Lazard's diversification and global strategic expansions position the firm for stable revenue growth despite economic uncertainties and specific market challenges.

Read the complete narrative.

Curious how steady double digit growth, rising margins and a reset earnings multiple combine into this valuation story? The forecast mix might surprise you.

Result: Fair Value of $58.17 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, Lazard's expanded advisory footprint and ETF build out could inflate costs faster than revenues, which may squeeze margins and delay the upside case.

Find out about the key risks to this Lazard narrative.

Build Your Own Lazard Narrative

If you see things differently or want to dig into the numbers yourself, you can build a personalized view in minutes: Do it your way.

A great starting point for your Lazard research is our analysis highlighting 3 key rewards and 3 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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