LAZ
Lazard, Inc.Pre-market37.05+0.30 +0.82%USD
NYSE · as of Oct 12, 16:00 ET · 20m delay
Open
36.07
Prev close
36.75
Day range
35.3537.39
52-week range
34.7658.75
Volume
1.74M1.05×
Mkt cap
3.61B
P/E ttm
18.16
Fwd P/E
10.37
EPS ttm
2.04
Div yield
5.40%
Earnings
Oct 22, 2026
From 52w high
−36.94%
LAZ market-implied price distribution
LAZ Price at Expiry
19 OTM quotes · ATM IV 64.9%
Days to expiry
38
Fri, Nov 20, 2026
P(finish above spot)
43%
spot 37.05
Expected price
36.17
forward 36.37
68% range
28–42
−23.7% / +14.6%
Shaded band: the middle 68% of outcomes. Where the blue curve sits above the dashed one, options price that move as likelier than a plain bell curve would.
Target Price
Percentiles
| Chance below | Price | vs spot |
|---|---|---|
| 5% | 21.68 | −41.5% |
| 16% | 28.27 | −23.7% |
| 25% | 31.40 | −15.3% |
| 50% (median) | 36.00 | −2.8% |
| 75% | 40.19 | +8.5% |
| 84% | 42.45 | +14.6% |
| 95% | 49.50 | +33.6% |
Move Odds
| Up 5% or more (38.90) | 32% |
|---|---|
| Up 10% or more (40.76) | 22% |
| Down 5% or more (35.20) | 45% |
| Down 10% or more (33.35) | 34% |
Options price a 10%+ drop at 34%, 0.9× the 38% a bell curve with the same volatility gives.
Risk-neutral odds from option prices, the bot's lgf odds method: out-of-the-money mids → implied vols → a smoothed smile in total variance → density = erT·∂²C/∂K² (Breeden–Litzenberger). Risk-neutral odds include the market's risk premium, so they lean bearish compared with real-world odds. Not investment advice.