Analyst Raises StepStone Price Target to $62 on Strong Fee Performance, Fundraising Momentum, and Data-Driven Growth Prospects

Brennan Hawken, an analyst from BMO Capital, assigned the Buy rating on StepStone Group. The associated price target was raised to $62.00.

Brennan Hawken has given his Buy rating due to a combination of factors, including StepStone’s outperformance versus expectations and solid fundamental trends. The firm delivered better‑than‑forecast fee-related earnings and higher management fees, while controlling general and administrative costs, and fundraising momentum in both institutional and private wealth channels pushed fee‑paying assets above projections.

Hawken also highlights that accrued performance fees are rising at a healthy pace, which supports future monetization potential and earnings durability. He notes that StepStone is strategically positioned in fast‑growing areas such as secondary markets and data monetization, with strong client uptake of its analytics platform, and on this backdrop he lifts his price target from $54 to $62, implying further upside from current levels despite the year‑to‑date share pullback.

In another report released today, Barclays also assigned a Buy rating to the stock with a $62.00 price target.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STEP in relation to earlier this year.