Barclays analyst Benjamin Budish raised the firm’s price target on Stepstone Group (STEP) to $62 from $61 and keeps an Overweight rating on the shares. The company reported a management fee beat in fiscal Q3 and its momentum looks set to continue with wealth flows showing continued strength into May, the analyst tells investors in a research note.
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Read More on STEP:
- 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
- Stepstone Group price target lowered to $90 from $104 at Oppenheimer
- Stepstone Group price target raised to $61 from $55 at Barclays
