Perella Weinberg Partners price target lowered to $29 by Citizens JMP

Investing.com - Citizens JMP lowered its price target on Perella Weinberg Partners (NASDAQ:PWP) to $29.00 from $33.00 on Monday, while maintaining a Market Outperform rating on the investment banking advisory firm’s stock. Currently trading at $20, PWP, with a market cap of $1.77 billion, still shows significant upside potential to analyst targets ranging from $18.50 to $29.00.

The price target reduction represents a $4.00 decrease from the previous target of $33.00, though the firm’s overall positive outlook on the stock remains unchanged. InvestingPro data reveals strong returns over both the last month and quarter, with analysts predicting profitability this year despite recent volatility.

Citizens JMP analyst Devin Ryan explained the decision while emphasizing a focus on core portfolio holdings for the long-term.

"We are generally sticking with the stocks that we view as core portfolio holdings for the long-term," Ryan stated in the research note.

The analyst further noted that while investors have different risk tolerances and portfolio objectives, the firm’s "favorite stocks that we view as secular winners have not changed much."

In other recent news, Perella Weinberg Partners reported strong financial results for the first quarter of 2025, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $0.28, exceeding the forecasted $0.21, and recorded revenues of $212 million, which was above the anticipated $199.01 million. This represents a 100% year-over-year increase in revenue, marking the highest first-quarter revenue in the company’s history. Additionally, Perella Weinberg ended the quarter with $111 million in cash and no debt, and declared a quarterly dividend of $0.70 per share.

In another development, Perella Weinberg issued 1,234,357 shares of Class A common stock in a private transaction, allowing holders of Class A partnership units of PWP OpCo to convert their units into shares of the company’s Class A common stock. This transaction was part of an internal mechanism for exchanging partnership units and associated Class B common stock for publicly traded Class A common stock. The company filed this transaction with the SEC, reflecting its compliance with regulations concerning significant events.

These recent developments highlight Perella Weinberg’s strong operational execution and strategic positioning in a challenging market environment. The earnings beat and the strategic equity issuance are notable events for investors, indicating the company’s continued focus on growth and financial health.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.