Stepstone Group price target raised to $68 from $66 at JPMorgan

JPMorgan raised the firm’s price target on Stepstone Group (STEP) to $68 from $66 and keeps an Overweight rating on the shares following quarterly results. The firm says the company continues to fire on all cylinders, with a particularly strong fiscal 2025 putting it ahead of schedule to top its fiscal 2028 target to at least double FRE as compared with fiscal 2023. JPMorgan continues to like the stock, and sees results for Stepstone Group as among the healthiest across the broader Alt. AM peer set for all three legs of the Fundraising -greater than Deployment -greater than Realization flywheel.