Lincoln National Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for Lincoln National stock have an average target of 45.54, with a low estimate of 37 and a high estimate of 59. The average target predicts an increase of 29.82% from the current stock price of 35.08.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$37	$45.54	$46	$59
Change	+5.47%	+29.82%	+31.13%	+68.19%

Analyst Ratings

The average analyst rating for Lincoln National stock from 13 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	0	0	1	1	1	1
Buy	1	1	2	2	3	3
Hold	8	8	7	7	7	7
Sell	2	2	2	2	2	2
Strong Sell	0	0	0	0	0	0
Total	11	11	12	12	13	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Bob Huang Morgan Stanley	Morgan Stanley	Buy Maintains $50 → $46	Buy	Maintains	$50 → $46	+31.13%	Mar 3, 2026
Wesley Carmichael Wells Fargo	Wells Fargo	Hold → Buy Upgrades $41 → $48	Hold → Buy	Upgrades	$41 → $48	+36.83%	Feb 25, 2026
Bob Huang Morgan Stanley	Morgan Stanley	Buy Maintains $54 → $50	Buy	Maintains	$54 → $50	+42.53%	Feb 23, 2026
Elyse Greenspan Wells Fargo	Wells Fargo	Hold Maintains $39 → $41	Hold	Maintains	$39 → $41	+16.88%	Jan 13, 2026
John Barnidge Piper Sandler	Piper Sandler	Hold Maintains $42 → $48	Hold	Maintains	$42 → $48	+36.83%	Dec 23, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

20.32B

from 18.27B

11.23%

from 18.27B

Revenue Next Year

21.09B

from 20.32B

3.77%

from 20.32B

EPS This Year

8.14

from 5.83

39.59%

from 5.83

EPS Next Year

8.81

from 8.14

8.31%

from 8.14

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	17.72B	18.93B	11.70B	17.97B	18.27B	20.32B	21.09B
Revenue Growth	1.58%	6.83%	-38.17%	53.55%	1.68%	11.23%	3.77%
EPS	19.96	7.79	-4.92	18.41	5.83	8.14	8.81
EPS Growth	679.86%	-60.99%	-	-	-68.34%	39.59%	8.31%
Forward PE	-	-	-	-	-	4.31	3.98
No. Analysts	-	-	-	-	-	15	15

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	21.6B	22.8B
Avg	20.3B	21.1B
Low	19.4B	20.0B

Revenue Growth

Revenue Growth	2026	2027
High	18.2%	12.2%
Avg	11.2%	3.8%
Low	6.0%	-1.5%

EPS Forecast

EPS	2026	2027
High	8.75	9.93
Avg	8.14	8.81
Low	7.46	8.27

EPS Growth

EPS Growth	2026	2027
High	50.0%	22.1%
Avg	39.6%	8.3%
Low	27.9%	1.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.