Perella Weinberg Partners price target raised to $23 from $21 at Goldman Sachs

Goldman Sachs analyst James Yaro raised the firm’s price target on Perella Weinberg Partners (PWP) to $23 from $21 but keeps a Sell rating on the shares. The company’s Q4 earnings topped estimates and the management expects continued improvement in the global M&A market in 2025, driven by strength in the U.S., increasing activity in the EU, and a pick up in sponsors, the analyst tells investors in a research note. Goldman adds however that the company also acknowledges the risk from increased volatility given policy uncertainty.