Lazard Shares Soar 2.99% on Expansion, Analyst Optimism

Lazard(LAZ) shares surged 2.99% today, marking the second consecutive day of gains, with a total increase of 4.27% over the past two days. The stock price reached its highest level since February 2025, with an intraday gain of 3.76%.

The strategy of buying LAZ shares after they reached a recent high and selling after one week yielded strong results over the past five years. The strategy achieved a 66.06% return, compared to a benchmark return of 58.03%, resulting in an excess return of 8.04%. The strategy's CAGR was 22.34%, indicating significant growth over the period. While the strategy had a maximum drawdown of 0.00%, it exhibited a relatively high volatility of 34.24% and a Sharpe ratio of 0.65, suggesting a balanced risk-return profile.

Lazard is anticipated to report a year-over-year decline in earnings for the quarter ending June 2025, despite higher revenues. This expectation could influence the stock's price movements as investors assess the company's financial performance.

Analysts have maintained a buy rating for Lazard's stock, with a target price raised to $60. This positive outlook, supported by both short and long-term moving averages, could boost investor confidence and drive the stock price higher.

Lazard's strategic expansion into the United Arab Emirates, particularly Abu Dhabi, signals potential growth opportunities. This move is likely to be viewed favorably by the market, as it indicates the company's commitment to expanding its global footprint and tapping into new revenue streams.

Recent analyst activity, including an increase in the target price to $60, could directly impact Lazard's market performance. This adjustment reflects a more optimistic view of the company's future prospects, potentially attracting more investors and driving up the stock price.