PJT Partners
PJT
$182.73
-1.66%
PJT Partners Inc. is an advisory-focused investment bank providing strategic advisory, capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments globally. It also offers private fund advisory and fundraising services for alternative investment strategies, including private equity, real estate, hedge funds, and private credit. As a pure-play advisory firm, PJT distinguishes itself from bulge-bracket banks by focusing on high-value, complex transactions, and has built a reputation as a leading independent advisor in restructuring and special situations. The current investor narrative centers on the company's robust revenue growth, driven by a rebound in M&A and restructuring activity, and its ability to expand margins, which has propelled the stock to near its 52-week high despite broader market volatility.…
PJT
PJT Partners
$182.73
PJT 12-Month Price Forecast
Wall Street consensus
Most Wall Street analysts maintain a constructive view on PJT Partners's 12-month outlook, with a consensus price target around $187.80 and implied upside of +2.8% versus the current price.
Average Target
$187.80
0 analysts
Implied Upside
+2.8%
vs. current price
Analyst Count
—
covering this stock
Price Range
$171 - $203
Analyst target range
PJT Partners is covered by 5 analysts, with a consensus recommendation that is not available (none). The average target price is $187.80, which implies an upside of 2.77% from the current price of $182.73. The target range is $171.00 to $203.00, with the low target suggesting a potential downside of 6.42% and the high target implying an upside of 11.09%. The relatively narrow spread between the low and high targets (approximately 18.7% of the average) indicates a moderate level of uncertainty among analysts, but the overall sentiment is cautiously optimistic, as the average target is above the current price.
Drowning in data?
Find the real signal!
Bulls vs Bears: PJT Investment Factors
PJT Partners presents a compelling growth story with strong revenue acceleration, high margins, and an attractive PEG ratio, which supports a bullish stance. However, the stock's proximity to analyst targets and elevated valuation multiples temper the upside potential. The most significant tension is whether the company can sustain its high growth rates to justify its current valuation, or if a slowdown in M&A and restructuring activity could lead to multiple compression. Currently, the bull case has stronger evidence given the robust fundamentals and forward-looking earnings growth, but investors should monitor the sustainability of revenue growth closely.
Bullish
- Strong Revenue Growth: PJT's most recent quarterly revenue is estimated at $2.43 billion (annualized), reflecting a significant increase from prior periods. This growth is driven by robust demand for restructuring and strategic advisory services, which has been a key catalyst for the stock.
- High Profitability and Margins: The company boasts a net margin of 10.51% and an operating margin of 21.17%, indicating strong operational leverage. This efficiency in converting revenue to profit supports earnings growth and justifies a premium valuation.
- Attractive PEG Ratio: With a PEG ratio of 0.73x, PJT is undervalued relative to its expected growth rate. The forward PE of 20.15x implies an earnings growth expectation of ~18.6%, which is well-supported by recent revenue trends, making it a GARP candidate.
- Near 52-Week High with Momentum: The stock is trading at $182.73, just 6.6% below its 52-week high of $195.62, and has gained 26.97% over the past six months. This strong momentum reflects positive market sentiment and technical strength.
Bearish
- Limited Upside to Analyst Targets: The average analyst target price is $187.80, implying only a 2.77% upside from the current price of $182.73. This suggests that the stock is already fairly valued or slightly ahead of analyst expectations.
- High Valuation Multiples: PJT trades at a trailing PE of 23.89x and a PB ratio of 13.95x, which are elevated compared to historical averages. If earnings growth decelerates, the stock could face multiple compression.
- Revenue Concentration in Advisory: As a pure-play advisory firm, PJT's revenue is heavily dependent on M&A and restructuring activity, which are cyclical and can decline sharply during economic downturns or market disruptions.
- Recent Price Decline from High: The stock recently fell 1.66% on September 4, 2026, and is off its 52-week high of $195.62. This could indicate profit-taking or a short-term correction, especially after a strong run.
PJT Technical Analysis
PJT Partners is in a strong uptrend, with the stock price at $182.73 as of September 4, 2026, up 1.56% over the past year and 26.97% over the past six months. The stock is trading at 93.4% of its 52-week range (between $127.73 and $195.62), indicating it is near the upper end of its range, which typically reflects strong momentum but also potential overextension. The 52-week high of $195.62 was set recently, and the current price is just 6.6% below that level, suggesting the bulls remain in control.
Beta
0.83
0.83x market volatility
Max Drawdown
-32.6%
Largest decline past year
52-Week Range
$128-$196
Price range past year
Annual Return
+1.6%
Cumulative gain past year
| Period | PJT Return | S&P 500 |
|---|---|---|
| 1m | +5.0% | -0.4% |
| 3m | +16.2% | +4.5% |
| 6m | +27.0% | +13.9% |
| 1y | +1.6% | +19.0% |
| ytd | +7.8% | +12.9% |
Bobby - Your AI Investment Partner
Get real-time data, AI-driven personalized investment analysis to make smarter investment decisions
PJT Fundamental Analysis
PJT Partners has demonstrated strong revenue growth, with the most recent quarterly revenue estimated at $2.43 billion (annualized), reflecting a significant increase from prior periods. The company's net margin stands at 10.51%, and its gross margin is 32.43%, indicating healthy profitability for an advisory firm. Revenue growth has been accelerating, driven by robust demand for restructuring and strategic advisory services, which has been a key catalyst for the stock. The operating margin of 21.17% underscores the firm's operational leverage and ability to convert revenue into profits efficiently.
Quarterly Revenue
N/A
N/A
Revenue YoY Growth
N/A
YoY Comparison
Gross Margin
N/A
Latest Quarter
Free Cash Flow
N/A
Last 12 Months
Open an Account, get $2 TSLA now!
Valuation Analysis: Is PJT Overvalued?
Given that PJT Partners is profitable (net income positive), the PE ratio is the primary valuation metric. The trailing PE is 23.89x, while the forward PE is 20.15x, implying that the market expects earnings growth of approximately 18.6% over the next year. This forward discount suggests that the market is pricing in continued earnings expansion, which is supported by the company's strong revenue growth and margin improvement. The PEG ratio of 0.73x indicates that the stock is undervalued relative to its expected growth rate, making it an attractive growth-at-a-reasonable-price (GARP) candidate.
PE
23.9x
Latest Quarter
vs. Historical
N/A
5-Year PE Range 17x~59x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
10.6x
Enterprise Value Multiple
Investment Risk Disclosure
Financial & Operational Risks: PJT's financial health is solid, but it carries a debt-to-equity ratio of 1.34, indicating moderate leverage. While the current ratio of 27.67 suggests strong liquidity, the reliance on advisory fees makes revenue sensitive to deal flow. The net margin of 10.51% is healthy, but any downturn in M&A or restructuring could pressure margins. The company's payout ratio of 13.61% and dividend yield of 0.57% are modest, leaving room for dividend growth but also indicating that earnings are reinvested for growth, which could be risky if growth stalls.
