Lincoln Electric Holdings

LECO · NASDAQ

$260.08+$0.89 (+0.34%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $259.19

LECO analyst rating

BuyConsensus of 8 analysts over the last 12 months. 63% rate it a buy.

Strong buy0
Buy5
Hold3
Underperform0
Sell0

12-month price target · 14 analysts

Average $311.45 (+19.8% upside)

Low: $245.19
Now: $260.08
High: $357.00

Upgrades and downgrades

The latest rating actions, newest first

LECO analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
UBS	Aug 11, 2026	Initiates	Buy	$340.00	47%
Morgan Stanley	Aug 10, 2026	Upgrade	Underweight → Equal-Weight	$257.00 → $283.00	42%
Morgan Stanley	Jul 17, 2026	Maintains	Underweight	$250.00 → $253.00	42%
DA Davidson	Jun 16, 2026	Initiates	Buy	$320.00	65%
Barclays	May 5, 2026	Maintains	Overweight	$280.00 → $300.00	39%
Stifel	Apr 8, 2026	Maintains	Hold	$300.00 → $264.00	61%
Barclays	Apr 1, 2026	Maintains	Overweight	$310.00 → $280.00	39%
Jefferies	Mar 31, 2026	Downgrade	Buy → Hold	$350.00 → $280.00	62%
Morgan Stanley	Mar 30, 2026	Maintains	Underweight	$240.00 → $247.00	42%
Barclays	Feb 13, 2026	Maintains	Overweight	$280.00 → $310.00	39%

The case for and against

Updated Aug 4, 2026

Bull case

Lincoln Electric Holdings is a financially sound and well-managed company that has consistently demonstrated its ability to generate strong cash flow and make strategic acquisitions. The company is expected to continue its growth trajectory through a combination of product innovation, expansion into automation solutions, and potential benefits from reshoring. Their strong leadership and global presence make them a solid choice for investors seeking exposure to the welding and cutting industry.

Bear case

Lincoln Electric Holdings is a leading player in the welding and cutting market with a diverse portfolio of products and strong global presence. However, while the company's current guidance assumes growth through automation and a rebound in the industrial cycle, there is potential for further upside supported by reshoring trends and industry 4.0 investments. Still, risks such as a weakening operating environment and potential issues with acquisitions and internal execution could impact the company's success in achieving its target price.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.