Perella Weinberg Partners

PWP · NASDAQ

$12.72+$0.06 (+0.47%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $12.66

PWP analyst rating

HoldConsensus of 4 analysts over the last 12 months. 75% rate it a buy.

Strong buy0
Buy3
Hold0
Underperform0
Sell1

12-month price target · 5 analysts

Average $22.31 (+75.4% upside)

Low: $15.65
Now: $12.72
High: $31.50

Upgrades and downgrades

The latest rating actions, newest first

PWP analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Goldman Sachs	Aug 3, 2026	Maintains	Sell	$14.50 → $16.00	50%
Keefe, Bruyette & Woods	Aug 3, 2026	Maintains	Outperform	$19.00 → $21.00	21%
Keefe, Bruyette & Woods	Jul 10, 2026	Maintains	Outperform	$23.50 → $19.00	43%
Keefe, Bruyette & Woods	May 4, 2026	Maintains	Outperform	$21.00 → $23.50	43%
Goldman Sachs	Apr 14, 2026	Maintains	Sell	$17.50 → $19.50	50%
Citizens	Apr 10, 2026	Maintains	Market Outperform	$32.00 → $30.00	64%
Keefe, Bruyette & Woods	Apr 8, 2026	Upgrade	Market Perform → Outperform	$23.00 → $21.00	43%
Goldman Sachs	Mar 12, 2026	Maintains	Sell	$21.50 → $18.50	50%
Goldman Sachs	Feb 9, 2026	Maintains	Sell	$19.00 → $21.50	50%
Keefe, Bruyette & Woods	Feb 9, 2026	Maintains	Market Perform	$20.00 → $23.00	43%

The case for and against

Updated Jan 19, 2026

Bull case

Perella Weinberg Partners demonstrates a positive outlook due to increased revenue projections for 2025 and 2026, which are influenced by reduced non-compensation expenses and a decreasing share count. The company anticipates an improved M&A environment moving into the second half of 2025 and into 2026, despite existing geopolitical and policy uncertainties that pose risks. Additionally, the firm reported a positive earnings surprise, driven by higher revenues and lower expenses, further solidifying its financial growth trajectory.

Bear case

Perella Weinberg Partners reported second-quarter revenues of $155 million, surpassing the consensus estimate of $141 million; however, this represented a significant quarter-over-quarter revenue decline of 27% and a year-over-year decline of 43% compared to the prior year's record level. Furthermore, the company's non-comp estimates for 2025 and 2026 were adjusted downward to $172 million and $183 million, implying modest year-over-year growth of only 6.0% and 6.1%, respectively. Despite some positive commentary on overall activity levels, the near-term outlook remains uncertain, with public announcement and completion data falling below both prior-year levels and first-quarter 2025 metrics.

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