Jack Henry price target raised to $175 from $171 at Piper Sandler

Piper Sandler (market cap: $5B) is in talks to acquire Perella Weinberg Partners ($1.4B). The deal would combine their M&A advisory businesses amid a 33% U.S. M&A volume recovery in 2026. Piper Sandler generated $1.9B revenue last year, while Perella Weinberg's revenue declined from $878M in 2024 to $750M in 2025. Shares of Perella Weinberg rose 10%, while Piper Sandler's fell 5% on the news.

Perella Weinberg Partners (PWP) shares rose 12% after The Wall Street Journal reported potential merger talks with Piper Sandler (PIPR). Both firms have histories in financial advisory services. Neither company has confirmed the discussions, and the outcome remains uncertain.

Piper Sandler (PIPR) shares fell 8.6% after reports of potential acquisition talks with Perella Weinberg. The decline reflects market concerns over financing, dilution, and integration risks. Piper Sandler's stock is down 25.7% year-to-date, trading 31.2% below its 52-week high. According to Morningstar, elevated interest rates create headwinds for private equity firms and related capital-markets names.

AMD reports steady orders due to strong AI chip demand, with robust AI workload deployments. Piper Sandler initiates coverage with an Overweight rating and $600 price target, citing AI compute demand and market share gains in server CPUs and GPUs.

Jack Henry & Associates (JKHY) shares rose 3.9% after Piper Sandler raised its price target to $175 from $171, citing positive fundamentals. The stock closed at $159.04, up 3.2%. The company's shares are down 10.8% year-to-date and 17.4% below their 52-week high.

Tenable (TENB) reported Q2 revenue of $268M, raising full-year guidance for revenue, EPS, and free cash flow. The company highlighted AI-driven growth, with Tenable One accounting for 50% of new sales. Management noted improved demand and expansion rates, citing AI partnerships and new product launches as key drivers.