Oppenheimer has revised its price estimate for Stepstone Group (STEP, Financial), reducing it from $85 to $67. Despite this adjustment, the financial services firm retains an Outperform rating for the company's shares. The change comes as part of a preliminary analysis for the upcoming first-quarter results for alternative asset managers.
This sector is often viewed as having robust business models, which may position them among the top performers in not just financial services but across various industries. The review aims to provide investors with insights into the industry's potential and Stepstone's role within it.
