PWP Stock Forecast & Price Target

Perella Weinberg Partners has demonstrated a positive trajectory in its financial outlook, with increased revenue projections for 2025 and 2026, driven by efficiency improvements, including lower non-compensation expenses and a reduced share count. The company's performance has also exceeded expectations, shown by an earnings beat attributed to these higher revenues and decreased expenses. Additionally, the anticipated improvement in the M&A environment in the latter half of 2025 and into 2026 suggests favorable conditions for the company's advisory services, which could further enhance its financial performance.

Perella Weinberg Partners reported second-quarter revenues of $155 million, exceeding consensus estimates but reflecting a significant quarter-over-quarter decline of 27% and a year-over-year decline of 43% compared to the record levels in the previous year. The company's non-compensation revenue estimates for 2025 and 2026 have also been modestly revised downward to $172 million and $183 million, respectively, although these figures only indicate slight year-over-year increases of 6.0% and 6.1%. Additionally, while there is some optimism about overall activity levels, the near-term realization outlook appears uncertain, as public announcement and completion data continues to lag behind both the prior year and the first quarter of 2025.