Stepstone Group price target raised to $84 from $81 at Oppenheimer

Oppenheimer raised the firm’s price target on Stepstone Group (STEP) to $84 from $81 and keeps an Outperform rating on the shares. The firm reported Q1 adjusted net income per share of 40c versus its 39c estimate and consensus 43c. The “miss” versus consensus appears to have come from the carried interest line which is of course lumpy, but things were generally as Oppenheimer expected, the firm says.