
StepStone Group (STEP) Stock Forecast & Price Target
StepStone Group (STEP) Analyst Ratings
Bulls say
StepStone Group Inc demonstrated strong financial growth in the recent quarter, with the Private Wealth division's evergreen funds achieving a record $15.0 billion in assets under management (AUM), marking an increase of approximately $2.8 billion quarter-over-quarter. Fundraising efforts showed resilience, as the company successfully added over $4 billion in both commingled fund and managed account gross additions, indicating investor confidence and demand for StepStone's offerings. The company also reported an increase in EBITDA due to higher activity levels and improved pricing dynamics, highlighting operational efficiencies that contribute to a favorable financial outlook.
Bears say
StepStone Group's stock is facing a negative outlook primarily due to anticipated declines in EBITDA, projected to fall by 20% as a result of softening utilization and pricing pressures in the US frac services sector. Additionally, the company faces multiple risks including operational execution challenges stemming from a relatively small footprint, fluctuating commodity prices, and ongoing competition, all contributing to instability in customer capital-spending levels. The company also experiences higher general and administrative expenses than expected, which, combined with liquidity concerns and factors such as labor shortages and excess industry capacity, further exacerbate its financial challenges.
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
Start investing in StepStone Group (STEP)
Order type
Buy in
Order amount
Est. shares
0 shares