PJT Partners Inc. research snapshot
PJT AI stock analysis currently reads PJT Partners as a respected independent advisory boutique focused on restructuring, strategic M&A, and private fund placement, with a stock that has pulled back significantly from its early 2026 high near $195. At the July 12, 2026 data cutoff, PJT last closed near $156.92 with market capitalization near $4.05 billion on about 25.8 million shares. Business quality is solid because clients pay for senior-level restructuring and strategic advice on complex situations where conflict-free counsel matters more than balance sheet size. The PJT AI stock forecast uses scenarios rather than a single target because restructuring and M&A advisory revenue, compensation costs, and valuation multiples all move with the credit and deal cycle. This page is informational research and not investment advice.
Current price
$156.92
Market cap
$4.05 billion
AI score
68 / 100
Rating
Boutique restructuring and strategic advisory franchise, with earnings highly tied to M&A and distressed cycle activity
Trend status
Near the 20-day and 50-day averages, below the 200-day average, with neutral RSI after pulling back from the 52-week high
Data cutoff (updated weekly)
July 12, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | PJT Partners is a pure-play independent advisory firm where corporations, boards, creditors, and sponsors pay for senior judgment on restructuring, M&A, shareholder engagement, and private fund placement without the conflicts of a large banking balance sheet. | High |
| Moat | Moat comes from founder Paul Taubman reputation, senior talent density, long client relationships in restructuring, and independence from lending conflicts. The moat is real but people-centric and must be renewed every mandate cycle. | Medium-high |
| Management | Founder and CEO Paul J. Taubman has led since the 2015 spin-off, with deep restructuring and M&A expertise from a prior Morgan Stanley career. Capital allocation emphasizes reinvestment in talent and selective share repurchases. | Medium-high |
| Financial trend | FY2025 GAAP revenues were about $1.71 billion and net income about $180 million. Q1 2026 showed adjusted EPS of about $1.54 on revenues of $418 million, reflecting continued restructuring advisory demand. | Medium |
| Valuation | At $156.92, financial_rigor.py calculates about 36.3x TTM EPS of $4.32, 3.5x book value, and a 0.64% dividend yield based on $0.25 quarterly dividends. | Medium |
| Technical trend | Barchart showed PJT near its 20-day average of $156.32 and 50-day average of $155.68, below the 200-day average of $161.63, with 14-day RSI near 50 and 14-day ATR near $6.71. | Medium-high |
| Risk level | Main risks are restructuring and M&A cyclicality, compensation ratio pressure, key banker departures from a smaller firm, mandate concentration, limited revenue diversification versus larger peers, and multiple compression after the pullback from highs. | Medium-high |
| AI confidence | High for disclosed historical facts and math. Medium for the forward forecast because restructuring and advisory revenue can swing sharply with mandate closings and credit market conditions. | High data confidence |
| Investment certainty | Medium-low certainty. PJT has a strong restructuring franchise, but the stock has corrected from highs and faces an uncertain M&A and restructuring fee environment that makes near-term visibility lower than for more diversified peers. | Medium-low |
PJT AI stock forecast
The PJT AI stock forecast uses scenario math around the $156.92 quote. A three-year EPS framework using TTM EPS of $4.32 produced a bullish value near $170, a base value near $120, and a bearish value near $65. The wide spread reflects the cyclical nature of restructuring and advisory earnings and the compressed PE valuation.
$160 to $190
More likely if restructuring activity and M&A volumes remain elevated, market share gains continue in complex situations, compensation stays controlled, and investors apply a mid-20s earnings multiple on double-digit EPS growth.
$110 to $130
More likely if EPS grows modestly as the restructuring cycle normalizes, compensation stays competitive, dividends continue, and the market applies a high-teens to low-20s earnings multiple.
$55 to $75
More likely if restructuring and M&A volumes decline meaningfully, compensation ratios rise on softer revenue, key talent departs, or investors reprice PJT toward a low-teens PE during a risk-off credit environment.
PJT AI technical analysis
PJT AI technical analysis is neutral to soft as of the July 12, 2026 data cutoff. Barchart showed PJT near its 20-day average of $156.32 and 50-day average of $155.68, below the 200-day average of $161.63, with 14-day RSI near 50, 20-day average volume near 561,000 shares, and 14-day ATR near $6.71. The 52-week range from public quotes is about $127.73 to $195.62.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $156.92 | July 10, 2026 close used for this static page and market cap verification. |
| Near support | $150 to $156 | The 100-day average near $150.65 and prior consolidation around $150 form the first support band. |
| Secondary support | $128 to $140 | The 52-week low near $127.73 and the prior base around $140 provide deeper support levels. |
| Near resistance | $162 to $168 | The 200-day average near $161.63 and the recent high near $162.42 are immediate overhead levels. |
| Major resistance | $185 to $196 | The upper end of the prior range and the 52-week high near $195.62 define the major breakout zone. |
| 20-day SMA | $156.32 | Barchart reported PJT trading near the 20-day moving average with little directional bias. |
| 50-day SMA | $155.68 | The 50-day average is roughly flat and near the current price, suggesting a consolidation phase. |
| 200-day SMA | $161.63 | Barchart reported PJT trading below the 200-day moving average, a sign of medium-term softness. |
| Momentum | 14-day RSI 49.98 | Momentum is neutral and near the 50 midline, neither overbought nor oversold. |
| Volume | About 561,000 shares | The 20-day average volume of about 561,000 provides a liquidity baseline for judging breakouts and failed rebounds. |
| Volatility | 14-day ATR $6.71 | Normal daily movement of about $6.71 means position sizing should use ATR rather than a fixed dollar stop alone. |
| Invalidation | Close below $150, then $140 | A close below $150 would weaken the near-term setup. A break below $140 would signal broader trend deterioration. |
PJT AI trading strategy
The PJT AI trading strategy is a rules-based framework for a cyclical independent restructuring and advisory boutique. It is not personalized advice and should be paired with live chart data, earnings dates, restructuring volume indicators, banker hiring news, capital return updates, and clear invalidation levels.
Watch for PJT to reclaim the 200-day average near $162 and then clear the $168 to $175 band on above-average volume with constructive restructuring backlog or broader financial sector strength.
A close back below the 50-day average, or a breakout that fails while financial sector stocks weaken, should invalidate the near-term trend setup.
If PJT pulls back toward $150 or the $140 area without a deterioration in restructuring mandate conversion or advisory pipeline, compare the price move with the earnings thesis rather than buying only on brand quality.
Do not treat boutique advisory prestige as a substitute for stop discipline because advisory stocks can reprice quickly when restructuring activity or risk appetite changes.
Track advisory fees by category, restructuring mandates in process, compensation ratio, headcount and senior banker productivity, cash and investments, dividend growth, and buyback pace.
Reduce confidence if large restructuring mandates close below expectations, revenue growth reverts while costs stay sticky, key bankers leave, or valuation remains elevated relative to the earnings trajectory.
Investment research summary
PJT Partners gets paid when companies, creditors, boards, and sponsors need independent advice on restructuring, complex M&A, shareholder engagement, and private fund placement. Clients pay for senior-level judgment on situations where conflict-free advice matters more than balance sheet capacity.
The moat is founder and team reputation in restructuring, senior talent density that has been built since the 2015 Blackstone spin-off, and independence from lending conflicts. Switching costs are soft because clients can hire another advisor, so PJT must keep winning mandates situation by situation.
The thesis fails if restructuring activity collapses as credit markets ease, compensation absorbs too much of the upside, senior bankers leave for rivals or start their own boutiques, a few large mandates dominate and then disappear, or investors decide that a mid-30s PE is too rich for a small cyclical people business with limited revenue diversification.
Founder and CEO Paul J. Taubman has led since inception. His prior Morgan Stanley career and Blackstone experience give credibility in both restructuring and strategic M&A. Capital allocation has emphasized talent investment and measured share repurchases. The ongoing test is whether the firm can scale beyond its founder-led culture.
Independent advisory boutiques have gained market share as clients seek conflict-free advice. Restructuring demand has been elevated in the 2025-2026 cycle, and long-term drivers include rising corporate debt maturity walls and sponsor portfolio company distress. However, the short-to-medium path is highly cyclical and tied to credit market conditions.
At about 36x TTM EPS, PJT is priced as a premium restructuring franchise with growth expectations built in. Margin of safety is limited at current levels given the pullback from highs but still above the 52-week low, and the three-scenario model suggests more downside than upside from a pure statistical framework on base-case assumptions.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| PJT price | $156.92 close used for market cap and valuation verification | Yahoo Finance and TradingView | July 12, 2026 |
| Market capitalization | $4.05 billion, verified as $156.92 x 25.8 million shares using financial_rigor.py | TradingView, Yahoo Finance, and financial_rigor.py | July 12, 2026 |
| Shares outstanding | About 25.8 million total shares; float of about 25.17 million shares | TradingView and Yahoo Finance | July 12, 2026 |
| FY2025 GAAP revenues | About $1.71 billion in GAAP revenues | TradingView and company filings | July 12, 2026 |
| FY2025 net income | About $180 million net income attributable to PJT Partners | TradingView and Macrotrends | July 12, 2026 |
| Q1 2026 results | GAAP revenues $418.2 million, EPS $1.54, net income $60.5 million | TradingView earnings data | July 12, 2026 |
| TTM earnings | About $4.32 diluted EPS trailing twelve months based on P/E of 36.3x and $156.92 price | TradingView P/E data and financial_rigor.py | July 12, 2026 |
| Book value and dividend | Estimated book value per share near $45; quarterly dividend $0.25 for a forward yield of about 0.64% | TradingView dividend data | July 12, 2026 |
| 52-week range | $127.73 to $195.62, with the current price near the middle of the range | Yahoo Finance and TradingView | July 12, 2026 |
| Valuation math | 36.3x PE, 3.5x book value, 9.6% ROE proxy, and 0.64% dividend yield | financial_rigor.py valuation verification | July 12, 2026 |
| Technical indicators | 20-day SMA $156.32, 50-day SMA $155.68, 200-day SMA $161.63, 14-day RSI 49.98, 14-day ATR $6.71, 20-day average volume about 561,000 | Barchart technical analysis | July 12, 2026 |
| Three-scenario model | Bullish about $170, base about $120, bearish about $65 based on financial_rigor.py EPS growth and PE assumptions | financial_rigor.py three-scenario model | July 12, 2026 |
This PJT AI stock analysis is an informational tool based on public filings, market data, technical indicators, and scenario math available at the stated data cutoff. It is not investment advice, a recommendation, or a guarantee of future returns. Forecast ranges can be wrong, and PJT Partners stock can move sharply after earnings, restructuring mandate flow changes, talent moves, market volatility, or changes in investor risk appetite.
Design trading strategies visually with 10+ indicators. Set entry/exit conditions and risk management, then generate Pine Script code with no coding required.
Filter and discover stocks based on market cap, dividend yield, P/E ratio, sector, and more. Screen thousands of stocks with real-time data.
Smart AI-driven stock selection with fundamental screening, analyst estimates, and key metrics. Filter by P/E, market cap, dividends, and more.
