In recent developments, Goldman Sachs has adjusted its price target for StepStone Group (STEP, Financial), a leading global private markets investor. Analyst Alexander Blostein announced the decision to raise the price target from $57.00 to $63.00, reflecting a 10.53% increase. The adjustment is based on a detailed assessment of the company's financial outlook and market positioning.
Despite the increase in the price target, Goldman Sachs has decided to maintain its 'Neutral' rating for StepStone Group (STEP, Financial). The rating reflects the current market conditions and the company's performance projections, indicating a balanced risk-reward profile for investors.
The decision to raise the price target by Goldman Sachs indicates confidence in StepStone Group's (STEP, Financial) potential for growth and resilience in the private markets sector. This development is significant for stakeholders monitoring the investment firm's trajectory and market strategies.
The updated price target of $63.00, effective May 28, 2025, underscores Goldman Sachs' expectation of StepStone Group's (STEP, Financial) continued performance in the coming months. Investors and interested parties will be keen to observe how the company's strategies align with market dynamics moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for StepStone Group Inc (STEP, Financial) is $62.00 with a high estimate of $74.00 and a low estimate of $51.00. The average target implies an upside of 0.09% from the current price of $61.95. More detailed estimate data can be found on the StepStone Group Inc (STEP) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, StepStone Group Inc's (STEP, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for StepStone Group Inc (STEP, Financial) in one year is $59.25, suggesting a downside of 4.35% from the current price of $61.945. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the StepStone Group Inc (STEP) Summary page.
