Where’s the Lloyds share price heading in 2025? Here’s what the experts say

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The Lloyds (LSE: LLOY) share price has delivered an impressive performance in 2025 so far, climbing almost 39% year to date. For a bank often criticised for its lack of international diversification, that’s no small feat. The rally has left me wondering: is there more room to run, or have most of the gains already been priced in?

A slew of favourable conditions appear to be behind the recent surge. A more stable interest rate environment has played into Lloyds’ hands, particularly given its focus on UK retail and mortgage lending. The Bank of England has kept rates higher for longer, supporting net interest margins. Positive GDP growth in Q1 went some way to quell fears of a UK recession…

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