10 Best Small-Cap Financial Stocks to Buy Now

9. Perella Weinberg Partners (NASDAQ:PWP)

Perella Weinberg Partners (NASDAQ:PWP) is one of the 10 best small-cap financial stocks to buy now. On June 12, Goldman Sachs reduced its target price on Perella Weinberg Partners (NASDAQ:PWP) from $18 to $16 and reiterated its Sell rating on the stock. However, the broader consensus sentiment remains moderately bullish. This, along with workforce-related expense reduction plans, has led to some level of optimism.

As of June 18 closing, the stock had been assigned 2 Buy ratings and 1 Sell rating by analysts. Based on a median 1-year price target of $23.17, it offers an upside potential of almost 45%.

Back on May 28, Dani Burger from Bloomberg reported that Perella Weinberg Partners (NASDAQ:PWP) is initiating a workforce reduction plan, which will lead to a nearly 10% reduction in its existing workforce, which currently comprises approximately 700 individuals. The plan would also include laying off roughly a dozen partners.

Burger noted that these layoffs will be concentrated across certain industry verticals that have recently performed poorly relative to the broader market trajectory.

Perella Weinberg Partners (NASDAQ:PWP) is an independent advisory firm that serves healthcare, industrials, consumer, energy, finance, and tech industries. It delivers strategic advisory services on various types of mandates, including mergers & acquisitions, restructuring, private capital placements, and financing.