On October 3, 2023, shares of Lamar Advertising Co. (NASDAQ: LAMR) traded at $100.04, surpassing the average analyst 12-month target price of $99.67. This price movement raises questions among investors about potential further increases in value or whether to consider selling.
Analyst targets for Lamar Advertising vary, with a low estimate of $92.00 and a high of $112.00, reflecting a standard deviation of $10.785. Currently, there is one “Strong Buy,” two “Hold,” and no “Sell” ratings, yielding an average rating of 2.33 on a scale where 1 is Strong Buy and 5 is Strong Sell.
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