StepStone Group

STEP · NASDAQ

$42.96+$0.78 (+1.85%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $42.18

STEP analyst rating

BuyConsensus of 9 analysts over the last 12 months. 89% rate it a buy.

Strong buy0
Buy8
Hold1
Underperform0
Sell0

12-month price target · 11 analysts

Average $70.51 (+64.1% upside)

Low: $56.56
Now: $42.96
High: $96.60

Upgrades and downgrades

The latest rating actions, newest first

STEP analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Wells Fargo	Oct 2, 2026	Initiates	Overweight	$55.00	63%
RBC Capital	Sep 10, 2026	Initiates	Outperform	$65.00	17%
Oppenheimer	Aug 27, 2026	Maintains	Outperform	$90.00 → $88.00	67%
UBS	Aug 7, 2026	Maintains	Buy	$63.00 → $69.00	43%
Barclays	Aug 7, 2026	Maintains	Overweight	$60.00 → $62.00	57%
Evercore ISI Group	Aug 7, 2026	Maintains	Outperform	$50.00 → $56.00	44%
Morgan Stanley	Jul 21, 2026	Maintains	Equal-Weight	$72.00 → $63.00	54%
Evercore ISI Group	Jul 13, 2026	Maintains	Outperform	$60.00 → $50.00	44%
BMO Capital	Jul 13, 2026	Maintains	Outperform	$62.00 → $50.00	56%
Barclays	Jul 9, 2026	Maintains	Overweight	$62.00 → $60.00	57%

The case for and against

Updated Jul 18, 2026

Bull case

StepStone Group is a top pick for financial analysts due to their strong earnings, solid fund performance, and impressive growth in AUM and UFEC. The company's ability to earn ongoing management fees and fundraise successfully is tied to fund performance, but they can afford to be patient and take advantage of weaker cycles. The recent sector-wide share price declines present a unique buying opportunity, and with their structure as an "Up-C" corporation, public investors can reap the benefits of private partnership unit-holders.

Bear case

StepStone Group is experiencing strong fundraising in both commingled funds and managed accounts, with over $4B added in both categories. However, the company's reliance on these sources of funds may be a cause for concern, as it could signal a potential lack of diversification in its investments. Additionally, the fact that a significant portion of the commingled fund additions come from private equity and infrastructure funds may suggest a potential overexposure to these sectors, which could pose a risk to the company's overall financial health.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.