Morgan Stanley has revised its price target for Stepstone Group (STEP, Financial), lowering it from $66 to $51. The firm maintains an Equal Weight rating on the company's shares. This adjustment is part of a broader reduction, with Morgan Stanley decreasing price targets by an average of 24% across the alternative asset management sector.
The decision reflects a forecasted decline in FY26 earnings per share (EPS) by approximately 10%. Additionally, the firm has adjusted down its price-to-earnings (P/E) multiples due to ongoing concerns about the stability of the capital markets. These factors contribute to uncertainties about the "private markets flywheel," which suggests potential challenges for Stepstone Group and its peers in the industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for StepStone Group Inc (STEP, Financial) is $58.57 with a high estimate of $85.00 and a low estimate of $41.00. The average target implies an upside of 26.39% from the current price of $46.34. 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 $61.77, suggesting a upside of 33.3% from the current price of $46.34. 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.
