PJT Partners has a perfect Piotroski F-Score of 9 out of 9, ROE of 37%, and four consecutive earnings beats — but is in a confirmed death cross downtrend with a put-to-call ratio of 5.03, the highest in the dataset, and momentum that has failed all three entry gates.
Thesis pillars
- Extreme Put Call Bearish Positioning↓Deteriorating
- Perfect Piotroski Quality↓Deteriorating
- Death Cross Confirmed Downtrend↑Improving
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 26, 2026· older than 90 days
PJT Partners Inc. (PJT) Stock Analysis
Recovery setup
Financial Services · Capital Markets
Hold if already holding. Not a fresh buy at $158.12, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Earnings estimates trending DOWN.
PJT Partners operates through three advisory segments: Strategic Advisory (M&A, shareholder engagement, capital markets), Restructuring and Special Situations (liability management, distressed M&A, Chapter 11), and PJT Park Hill (private fund advisory and fundraising). The firm... Read more
Hold if already holding. Not a fresh buy at $158.12, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Earnings estimates trending DOWN. Chart setup: Death cross but MACD improving, RSI 73. Maintain position. Not compelling to add more. Score 5.3/10, moderate confidence.
Passes 6/9 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity 89d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and news soft leadership change. Suitability: moderate.
About PJT Partners Inc.
About PJT Partners Inc.
PJT Partners served 255 fee-paying clients generating $1 million or more in annual fees in 2025, up from 230 in 2024, operating three advisory businesses: Strategic Advisory, Restructuring and Special Situations, and PJT Park Hill. The firm employed 1,224 individuals including 133 partners globally at December 31, 2025, with 15% of 2025 revenues from international clients. PJT Partners LP is a registered broker-dealer subject to SEC oversight, having begun trading on the New York Stock Exchange in October 2015.
PJT Partners earns advisory fees primarily at the close of transactions, generating revenue that is highly volatile from quarter to quarter because a limited number of engagements produce significant fees at key milestones such as signing or closing. Strategic Advisory covers M&A, spin-offs, activism defense, contested acquisitions, capital markets placements for public and private companies, and geopolitical advisory. Restructuring and Special Situations advises on liability management, Chapter 11 restructurings, and distressed M&A; the company ranked #1 in both global and U.S. announced restructurings in three of the last four years per LSEG Refinitiv. PJT Park Hill provides private capital fundraising across private equity, alternative credit, real estate, and secondary transactions. No single client accounted for more than 10% of total revenues in 2025 or 2024. Cash and short-term investments totaled $585.8 million at December 31, 2025, including $311.3 million in money market funds and $46.9 million in Treasury securities.
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PJT Partners' transaction-close revenue model exposes the company to significant quarterly earnings volatility: deal timing is partially outside the company's control, and high revenue in one quarter will not necessarily recur in subsequent periods. The Restructuring and Special Situations business is contingent on debt default cycles — a benign credit environment with few corporate defaults may reduce that segment's contribution. PJT Park Hill's fundraising business depends on investor appetite for illiquid alternative assets, which may contract if public pension plans restrict placement-agent use or if broader capital markets tighten.
See also: Financial Services · Capital Markets
From PJT Partners Inc.'s most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated Nov 4, 2026Recent Developments — PJT Partners Inc.
Latest news
- NEWS Record Nine Month Results Could Change The Case For PJT Partners Stock - Simply Wall St — Simply Wall St Nov 4, 2026 positive
- NEWS PJT Q3 deep dive: deal completion delays and cautious M&A environment weigh on results - StockStory — StockStory Nov 4, 2026 negative
- NEWS PJT Q3 deep dive: deal completion delays and cautious M&A environment weigh on results - TradingView — TradingView Nov 4, 2026 negative
- NEWS PJT Partners (NYSE:PJT) Stock Rating Cut to "Market Perform" at Keefe, Bruyette & Woods - MarketBeat — MarketBeat Oct 28, 2026 negative
- NEWS Hertz Taps PJT Partners to Extend Debt as Maturities Loom - Bloomberg.com — Bloomberg.com Sep 30, 2026 neutral
Latest item Nov 4, 2026 · Generated 2026-11-05T11:54:13Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWGeographicinternational operations15%10-K Item 1A: 'we earned 15% of our total revenues from customers from our international operations'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
3 floor-breakers
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Revenue shrinking — -13.8% YoY. Growth thesis broken unless recovery story develops.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $158.12, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Earnings estimates trending DOWN. Chart setup: Death cross but MACD improving, RSI 73. Maintain position. Not compelling to add more. Analyst target $141.38 reached (−10.6%), stop $147.05 (−7.5%), A.R:R -0.7:1. Score 5.3/10, moderate confidence.
Analyst target $141.38 reached (−10.6% from $158.12); no take-profit level is published. Analyst target $141.38 reached (−10.6%), stop $147.05 (−7.5%), A.R:R -0.7:1. Stop-loss: $147.05.
Analyst target reached - limited upside remaining; Earnings estimates trending DOWN; Weak growth.
PJT Partners Inc. trades at a P/E of 22.6 (forward 18.4). TrendMatrix value score: 6.3/10. Verdict: Hold.
11 analysts rate PJT, with a consensus score of 3.4/5. 5 analysts publish price targets averaging $163.
What does PJT Partners Inc. do?PJT Partners operates through three advisory segments: Strategic Advisory (M&A, shareholder engagement, capital...
PJT Partners operates through three advisory segments: Strategic Advisory (M&A, shareholder engagement, capital markets), Restructuring and Special Situations (liability management, distressed M&A, Chapter 11), and PJT Park Hill (private fund advisory and fundraising). The firm employs 1,224 people including 133 partners globally, earning transaction fees at deal close from corporations, financial sponsors, and fund managers.