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Stock impact report

Perella Weinberg (PWP) Shares Skyrocket, What You Need To Know [Yahoo! Finance]

Perella Weinberg Partners - Class A (PWP) 
Company Research Source: Yahoo! Finance
after the stock's positive momentum continued as investors focused on the company's positive long-term growth prospects, which overshadowed a recent analyst price target reduction and weak quarterly revenue. During a recent earnings call, the company revealed a record pipeline and a record number of active engagements. Management also highlighted that its European business had grown over 50% from the previous year. These positive forward-looking statements seemed to outweigh a report from a few days prior that showed a 41% year-over-year drop in third-quarter revenue. The company also disclosed it had made significant investments in its future, hiring 25 senior bankers and completing the acquisition of Devon Park. Despite an analyst from Keefe, Bruyette & Woods lowering their price target on the stock, the market's reaction suggested investors were more interested in the company's strategic moves aimed at future growth. Is now the time to buy Perella Weinberg? Access our full analys Show less Read more
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