BUZZ-PJT Partners shares hit record high after Q4 results beat estimates

Shares of PJT Partners PJT.N hit record high on Tues after the boutique investment bank reported quarterly results that beat analyst estimates driven by strong growth in advisory and placement fees

PJT jumped >15% to record high of $190.28, on track for biggest daily pct gain since Nov last year.

PJT reported on Tues that rev rose 45.3% to $477.28 mln and adj EPs of $1.90, which exceeded average analyst expectations of $381.29 mln and $1.16, per LSEG data

Among the 6 analysts that cover PJT, median PT is $155.50, down from $159 a month ago, with 5 rating it "hold" and 1 'strong sell' rating

With today's move, stock has gained ~18.5% YTD after 54.9% gain in year-ago quarter