Why Is PERSHING SQUARE INC (PS) Stock Down Today?

Pershing Square Inc. (PS) shares fell 12.87% to $47.24 on Tuesday. The primary driver was a wave of negative analyst sentiment, led by a downgrade from Bank of America Securities and a separate sell rating from Citigroup.

What Happened

Bank of America Securities cut its recommendation on Pershing Square to Underperform from Neutral, lowering its price target to $38.00 from $54.00. The firm cited underperformance in its rationale. Citigroup also downgraded the stock to Sell, maintaining its price target at $45.00. These actions contributed to a broader sell-off in the stock, which had been trading in a narrow range prior to the moves. The stock is currently trading at a significant discount to its recent highs following these rating changes.

What The Data Shows

The stock opened at $52.01, a 4.1% gap down from the prior close of $54.22. Intraday, the session high was $52.70 at 7:40 AM ET, while the session low reached $46.69 at 11:00 AM ET. Volume stood at 0.2 million shares, which is 0.5 times the three-month daily average. Fundamentals show a market cap of $21.8 billion and a P/E ratio of 1574.3. Revenue grew 68.3% on a trailing twelve-month basis, while the net margin was 2.1%. The dividend yield is 0.75%. The 52-week range is $22.01 to $60.40. Over the last eight sessions, the stock moved down 2.5% from $55.62 to $54.22. On October 13, 2026, the stock printed two fresh 52-week highs and 16 fresh 52-week lows. A dividend of $0.103 per share is scheduled with an ex-date of October 9, 2026.

What To Watch

Investors will monitor the stock's reaction to the new price targets and any further analyst commentary in the coming days. The upcoming earnings date is not provided in the current data set, so coverage breadth and subsequent rating actions from other firms will be key indicators of future direction.