Oppenheimer lowered the firm’s price target on Stepstone Group (STEP) to $85 from $90 and keeps an Outperform rating on the shares. The firm notes the stock traded lower in after-hours trading on earnings day, but the results met or beat all its expectations.
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Read More on STEP:
- Analyst Raises StepStone Price Target to $62 on Strong Fee Performance, Fundraising Momentum, and Data-Driven Growth Prospects
- Stepstone Group price target raised to $62 from $61 at Barclays
- Stepstone Group reports Q4 adjusted EPS 57c, consensus 50c
- Stepstone Group price target raised to $59 from $57 at Evercore ISI
- WSJ says Stepstone markups fuel valuation fears as investors exit private credit