PJT Price Prediction Next Week
Analysis and Insights
News Sentiment and Market Trends:
PJT Partners (PJT) has shown strong momentum recently, with a 12.77% increase in its stock price, outperforming the broader market and its industry peers. This upward movement is supported by positive news about the banking sector's performance and PJT's strong earnings growth. The stock has also benefited from its position in the investment banking sector, which has seen increased investor interest.
Technical Analysis:
The technical indicators for PJT Partners (PJT) suggest a mixed outlook:
- RSI (14): 33.85, indicating the stock is in a bearish zone but not yet oversold.
- MACD: The MACD line (-4.53) is below the signal line (-2.25), suggesting bearish momentum.
- Fibonacci Levels: The stock is currently trading below the pivot point (153.61), with support levels at 145.44 and 140.39, and resistance levels at 161.78 and 166.83.
Price Prediction and Recommendation:
Based on the technical indicators and recent price action, PJT Partners (PJT) is expected to face resistance at the 161.78 level. The stock is likely to test the lower support levels in the next trading week, potentially dropping to $138.00.
Given the current technical setup and bearish momentum, it is recommended to sell PJT Partners (PJT) at the current price of $144.63 to lock in profits or avoid potential losses.
PJT Similar Chart Price Prediction
The price of PJT is predicted to go up 15.67%, based on the high correlation periods with ANF. The similarity of these two price pattern on the periods is 97.16%.
PJT
ANF
Up: 15.67%Similarity: 97.16%
PJT Revenue Forecast
PJT EPS Forecast
PJT FAQs
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PJT Analyst's Forecast
Devin Ryan
JMP Securities
Buy → Hold
2025-01-13
Price Target
n/a
Downside
0%
JMP Securities downgraded PJT Partners to Market Perform from Outperform without a price target. JMP still thinks the market is underestimating the company's growth and earnings power in a more normal environment, particularly in a scenario where restructuring activity remains elevated, making the firm far more bullish than consensus on earnings power over the next few years, the analyst tells investors in a research note. However, even on the firm's bullish bullish 2026 EPS estimate, the stock is trading at roughly 19x, which represents a much more balanced risk-reward profile, JMP argues.
Brennan Hawken
UBS
Strong Sell → Hold
2024-12-06
Price Target
$130 → $175
Upside
+6.57%
Devin Ryan
JMP Securities
Buy
2024-10-09
Price Target
$142 → $150
Upside
+5.81%
