From what 0 stock analysts predict, the share price for StepStone Group Inc. (STEP) might decrease by 4.78% in the next year. This is based on a 12-month average estimation for STEP. Price targets go from $41 to $56. The majority of stock analysts believe STEP is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
STEP is a stock in Finance which has been forecasted to be worth $50.64 as an average. On the higher end, the forecast price is $56 USD by from Morgan Stanley and on the lower end STEP is forecasted to be $41 by from .
These are the latest 20 analyst ratings of STEP.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Adam Beatty UBS | Neutral | $55 | Maintains | Aug 21, 2024 |
Michael Cyprys Morgan Stanley | Equal-Weight | $52 | Maintains | Aug 19, 2024 |
Benjamin Budish Barclays | Equal-Weight | $51 | Maintains | Aug 12, 2024 |
Kenneth Worthington JP Morgan | Overweight | $56 | Maintains | Aug 12, 2024 |
Alexander Blostein Goldman Sachs | Neutral | $51.5 | Maintains | Aug 12, 2024 |
John Dunn Evercore ISI Group | Outperform | $48 | Maintains | Jul 15, 2024 |
Benjamin Budish Barclays | Equal-Weight | $46 | Maintains | Jul 10, 2024 |
Alexander Blostein Goldman Sachs | Neutral | $46 | Maintains | Jul 2, 2024 |
Adam Beatty UBS | Neutral | $44 | Maintains | Jun 24, 2024 |
Benjamin Budish Barclays | Equal-Weight | $42 | Maintains | May 24, 2024 |
Adam Beatty UBS | Neutral | $38 | Maintains | Apr 12, 2024 |
Kenneth Worthington JP Morgan | Overweight | $49 | Upgrade | Apr 11, 2024 |
Benjamin Budish Barclays | Equal-Weight | $38 | Maintains | Apr 8, 2024 |
Chris Kotowski Oppenheimer | Outperform | $48 | Initiates | Mar 20, 2024 |
Jeremy Campbell Barclays | Equal-Weight | $37 | Maintains | Feb 12, 2024 |
Michael Cyprys Morgan Stanley | Equal-Weight | $35 | Maintains | Jan 24, 2024 |
Michael Cyprys Morgan Stanley | Equal-Weight | $28 | Maintains | Nov 22, 2023 |
Michael Cyprys Morgan Stanley | Equal-Weight | $29 | Maintains | Oct 18, 2023 |
Jeremy Campbell Barclays | Equal-Weight | $32 | Maintains | Sep 11, 2023 |
Michael Cyprys Morgan Stanley | Equal-Weight | $27 | Maintains | Aug 8, 2023 |
When did it IPO
2020
Staff Count
1,010
Country
United States
Sector/Industry
Financial Services/Asset Management
CEO
Mr. Scott Hart
Market Cap
$6.20B
In 2023, STEP generated $-67,574,000 in revenue, which was a decrease of -104.95% from the previous year. This can be seen as a signal that STEP's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - StepStone Group Inc. plans to offer 4,099,997 shares of its Class A common stock in an underwritten offering, according to a press release dated September 9, 2024.
Why It Matters - StepStone's stock offering may dilute existing shares, impacting share value and investor sentiment. It signals capital-raising efforts, which could affect future growth and profitability.
Summary - StepStone Group Inc. has priced an underwritten offering of 4,099,997 shares of Class A common stock at $50.00 per share, closing anticipated on September 11, 2024, pending conditions.
Why It Matters - The pricing of StepStone's stock offering at $50 per share signals investor interest and capital raising efforts, potentially affecting share value and market perception.
Summary - StepStone Group Inc. (Nasdaq: STEP) executives will present at the Barclays Global Financial Services Conference on September 10, 2024, at 2:00 pm ET, with a webcast available on their website.
Why It Matters - The presentation at a major financial conference may provide insights into StepStone's strategy and performance, influencing investor sentiment and stock price.
Summary - FLIC, STEP, and BANF are ranked as Zacks Rank #1 (Strong Buy) income stocks as of August 21, 2024, indicating strong positive outlooks for these companies.
Why It Matters - FLIC, STEP, and BANF receiving a Zacks Rank #1 indicates strong potential for growth and profitability, signaling attractive investment opportunities for income-focused investors.
Summary - CLNE and STEP have been ranked as Zacks Rank #1 (Strong Buy) momentum stocks as of August 21, 2024, indicating strong investor interest and positive momentum.
Why It Matters - CLNE and STEP being ranked as Strong Buy momentum stocks suggests positive price momentum and strong growth potential, indicating attractive investment opportunities.
Summary - StepStone Group LP (NASDAQ:STEP) will hold its Q1 2025 earnings conference call on August 8, 2024, at 5:00 PM ET, featuring key company executives and analysts from major firms.
Why It Matters - Investors gain insights into StepStone Group's financial performance and strategic direction during the earnings call, influencing investment decisions and market sentiment.