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PJT Partners Inc

PJT Partners Inc

PJT
$166.62USD↓-0.36%-0.60 today

MARKET CAP

4.3B

P/E (TTM)

20.4x

FWD P/E

20.8x

DAY RANGE

$163 – $168

52W RANGE

$128
$196

AI Summary

Stalk
Buy NowMedium

PJT is in a Stage 2 advancing phase with a clean higher highs and higher lows sequence, supported by rising EMAs and confirmed by volume expansion. Price has recently pulled back into the 9 EMA and 21 EMA cluster and held support, signaling a healthy pullback interaction without signs of exhaustion despite extreme overbought readings. The Growth at Reasonable Price strategy endorses buying now into this constructive inflection, as medium- and long-term structures remain bullish and stage transition risk is low.

  • ↑2025 revenue hit $1.714B, up 15% YoY driven by strategic advisory
  • ↑Q1 2026 cash balance $400M with zero debt, enabling flexible capex and buybacks
  • ↓Ongoing geopolitical tensions and market volatility threaten M&A and fundraising
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

PJT Partners Inc. (NYSE: PJT) is a premier advisory-focused investment bank specializing in strategic advisory, restructuring, and capital markets solutions. Leveraging a strong reputation and operational expertise, PJT is positioned as a leader in its field, benefiting from sustained demand for advisory services amid evolving market conditions and economic uncertainties. The firm operates primarily within the financial advisory sector, navigating challenges while capitalizing on opportunities from geopolitical dynamics and market volatility.

Bull says

  • ↑2025 revenue hit $1.714B, up 15% YoY driven by strategic advisory
  • ↑Q1 2026 cash balance $400M with zero debt, enabling flexible capex and buybacks
  • ↑Launched $800M share repurchase alongside $0.25 quarterly dividend
  • ↑Advised on $1B Shell wind farm sale, boosting deal pipeline credibility
  • ↑Attractive earnings yield and solid profitability support fair valuation
  • ↑Management expresses confidence in sustaining growth in current markets

Bear says

  • ↓Ongoing geopolitical tensions and market volatility threaten M&A and fundraising
  • ↓Negative growth and revision factors signal decelerating revenue prospects
  • ↓Rising compensation expense ratio could compress profit margins
  • ↓Dividend sustainability concerns amid higher costs and negative dividend factor
  • ↓Low institutional ownership raises potential downside pressure
  • ↓Deal uncertainty may dampen restructuring and strategic advisory demand

Investment themes with PJT

Capital Markets↓ -0.02%

Debt and equity trading fueling economic growth

SNEX · AAMI · PWP
Brokerages↓ -0.12%

GS · MS · SCHW

Earnings Call · Q1 2025 · Mgmt. Guidance

Updated 06-21-2026neutral

Transcript signals

Bull points

  • we see clearly a full-year firm outlook that is substantially unchanged from before. We remain confident in our near intermediate and long-term growth prospects.
  • we see clearly a full-year firm outlook that is substantially unchanged from before. We remain confident in our near intermediate and long-term growth prospects.
  • we reported adjusted pre-tax income of $56 million in the first quarter compared with $55 million for the same period last year. And our adjusted pre-tax margin was 17.3% for the first quarter, compared with 16.8% for the same period a year ago.

Bear points

  • The current environment poses significant risks to the U.S. and global economies, as reflected in volatile capital markets, subdued M&A activity, fragile business confidence, and delayed investments.
  • This outlook does not reflect the stresses and strains that have been building in the economy these past few weeks.
  • This outlook does not reflect the stresses and strains that have been building in the economy these past few weeks.
Read full transcript analysis ›