
StepStone Group (STEP) Stock Forecast & Price Target
StepStone Group (STEP) Analyst Ratings
Bulls say
StepStone Group Inc. reported a significant increase in management fees, rising by 27.1% year-over-year and 6.8% quarter-over-quarter, indicating strong demand for its investment solutions. The company also achieved a 29.2% increase in assets under management (AUM) year-over-year, along with a 9.3% quarterly rise, which underscores the solid performance of its investment strategies across private equity, real estate, private debt, and infrastructure sectors. Additionally, the growth of gross carry receivables by 7% quarter-over-quarter suggests potential for future profitability, coupled with the impressive 20.7% quarterly growth in evergreen wealth management products, reflecting a positive outlook for the company’s revenue streams.
Bears say
StepStone Group is facing a negative outlook primarily due to a projected 20% decline in EBITDA stemming from decreased utilization and pricing pressures within the U.S. frac services sector. Despite reporting higher assets under management (AUM) and fee-related earnings (FRE), the overall financial performance was undermined by disappointing performance income, leading to a stock decline in after-hours trading. Furthermore, various risks such as operational execution, market liquidity, and intense competition contribute to skepticism about the company's ability to maintain strong financial performance amidst challenging industry conditions.
This aggregate rating is based on analysts' research of StepStone Group and is not a guaranteed prediction by Public.com or investment advice.
StepStone Group (STEP) Analyst Forecast & Price Prediction
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