Key Insights:
- StepStone Group Inc. (STEP, Financial) achieves record performance with fee-related earnings and adjusted net income hitting all-time highs.
- Analysts forecast a potential downside with an average price target slightly below the current market price.
- Despite this, the GuruFocus GF Value estimate suggests an upside potential in the near term.
StepStone Group Inc. (STEP) has delivered outstanding quarterly and annual financial results, setting new records in fee-related earnings and adjusted net income per share. The company's robust performance was bolstered by raising over $31 billion in assets and achieving an impressive 29% organic growth in fee-earning AUM, underscoring significant expansion in both private wealth and distribution channels.
Wall Street Analysts Forecast
According to projections from seven analysts, the average one-year price target for StepStone Group Inc. (STEP, Financial) stands at $55.29. The estimates range from a high of $74.00 to a low of $41.00, suggesting a potential downside of 2.51% from the current trading price of $56.71. Investors can explore further details on the StepStone Group Inc (STEP) Forecast page.
The average brokerage recommendation for StepStone Group Inc. (STEP, Financial), derived from the consensus of seven firms, is 2.4, which corresponds to an "Outperform" rating. This rating system spans from 1, indicating a "Strong Buy," to 5, signaling a "Sell."
Utilizing the GF Value metric, GuruFocus estimates StepStone Group Inc. (STEP, Financial) could reach a valuation of $60.37 within a year, implying a potential upside of 6.45% from the current share price of $56.71. The GF Value is a calculated fair value that considers the historical trading multiples, past growth trends, and projected future business performance. Interested readers can access more comprehensive data on the StepStone Group Inc (STEP) Summary page.
