PJT Partners shares hit record high after Q4 results beat estimates

PJT Partners

04/02/2025 17:28

** Shares of PJT Partners  PJT.N  hit record high on Tues
after the boutique investment bank reported quarterly results
that beat analyst estimates driven by strong growth in advisory
and placement fees
    ** PJT jumped >15% to record high of $190.28, on track for
biggest daily pct gain since Nov last year. 
    ** PJT reported on Tues that rev rose 45.3% to $477.28 mln
and adj EPs of $1.90, which exceeded average analyst
expectations of $381.29 mln and $1.16, per LSEG data
    ** Among the 6 analysts that cover PJT, median PT is
$155.50, down from $159 a month ago, with 5 rating it "hold" and
1 'strong sell' rating
    ** With today's move, stock has gained ~18.5% YTD after
54.9% gain in year-ago quarter 

 (Reporting by Chibuike Oguh in New York)
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