StepStone Group Reports Fourth Quarter and Fiscal Year 2024 Results
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StepStone Group (STEP) PT Raised to $51 at JPMorgan
May 24, 2024 8:29 AM EDTJPMorgan analyst Kenneth B. Worthington raised the price target on StepStone Group (NASDAQ: STEP) to $51.00 (from $49.00) while maintaining a Overweight rating.
The analyst comments "StepStone reported C1Q24 Adjusted Net Income / Share actuals of $0.33, topping the Bloomberg LP Street consensus of $0.28 and our projection of $0.27. The beat was broad based, with both fee related revenues ($153.4mm actuals vs. $147.8mm consensus) and realized carry ($18.1mm actuals vs. $13.6mm consensus) coming in above projections. Results benefitted from $900mm of Real Estate Partners V coming off fee holiday, and we note that Venture Capital... More
StepStone Group (STEP) PT Raised to $41 at Evercore ISI
May 24, 2024 5:06 AM EDTEvercore ISI analyst John Dunn raised the price target on StepStone Group (NASDAQ: STEP) to $41.00 (from $38.00) while maintaining a Outperform rating.
The analyst comments "Adjd ANI of $0.33 vs our / Street estimates of $0.29: STEP beat on higher-than-expected mgmt fees, driving better FRE. The company continued to have solid FPAUM subscriptions... More
