PJT Partners price target lowered to $174 from $197 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on PJT Partners (PJT) to $174 from $197 and keeps a Neutral rating on the shares. PJT Partners posted a modest quarterly beat and management’s tone on the revenue trajectory in 2026 was “mostly constructive,” with PJT noting that the broader capital markets and M&A environment are expected to remain conducive for dealmaking, with momentum from 2H25 likely to carry over through 2026, suggesting a multiyear period of elevated deal activity, the analyst tells investors in a research note.