Lazard Announces Leadership Change in Asset Management

Lazard ( (LAZ) ) just unveiled an update.

Lazard, Inc. announced that Evan L. Russo will transition from his role as CEO of Lazard’s asset management business to become a Senior Advisor effective December 2025, with his advisory role continuing until June 2026. Christopher Hogbin, with extensive experience from AllianceBernstein, will succeed Russo as CEO, marking a strategic inflection point for Lazard’s Asset Management business as it aims to accelerate its long-term growth strategy and enhance client services.

The most recent analyst rating on (LAZ) stock is a Buy with a $65.00 price target. To see the full list of analyst forecasts on Lazard stock, see the LAZ Stock Forecast page.

Spark’s Take on LAZ Stock

According to Spark, TipRanks’ AI Analyst, LAZ is a Outperform.

Lazard’s overall stock score reflects strong financial performance and positive earnings call highlights, with bullish technical indicators supporting the stock’s upward momentum. While valuation is reasonable, the company’s strategic initiatives in private capital and talent acquisition position it well for future growth, despite some challenges in revenue consistency and regulatory uncertainties.

To see Spark’s full report on LAZ stock, click here.

More about Lazard

Founded in 1848, Lazard is a leading financial advisory and asset management firm with a global presence, offering services in mergers and acquisitions, capital markets, restructuring, and asset management. Lazard Asset Management, a subsidiary, provides a range of investment products, managing approximately $248 billion of client assets as of June 30, 2025.

Average Trading Volume: 933,716

Technical Sentiment Signal: Buy

Current Market Cap: $5.32B

Learn more about LAZ stock on TipRanks’ Stock Analysis page.