STEP trades 44.7% below Wall Street's consensus target of $65.14.
Last 12 months price action with 12-month analyst target path
The base valuation assumes STEP achieves its forward estimates and maintains a stable P/E multiple of 21.5x. This scenario reflects the blended consensus of 8 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, StepStone Group Inc. (STEP) has a Wall Street consensus price target of $65.14, based on estimates from 8 covering analysts. With the stock currently trading at $45.03, this represents a potential upside of +44.7%. The company has a market capitalization of $5.81B.
Analyst price targets range from a low of $56.00 to a high of $85.00, representing a 45% spread in expectations. The median target of $63.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 7 analysts rating the stock as a Buy or Strong Buy,1 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, STEP trades at a trailing P/E of -6.7x and forward P/E of 21.5x. Analysts expect EPS to grow +128.0% over the next year.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 HLIHoulihan Lokey, Inc. | $9.1B | $129.94 | $163.60 | +25.9% | Buy | 16.9x | 15 |
 HLNEHamilton Lane Incorporated | $4.8B | $85.70 | $131.60 | +53.6% | Buy | 14.2x | 10 |
 GCMGGCM Grosvenor Inc. | $2.4B | $12.93 | $17.00 | +31.5% | Buy | 14.4x | 8 |
 ARESAres Management Corporation | $39.9B | $121.48 | $149.33 | +22.9% | Buy | 20.7x | 22 |
 BXBlackstone Inc. | $94.0B | $119.27 | $145.89 | +22.3% | Buy | 19.8x | 30 |
 KKRKKR & Co. Inc. | $87.3B | $97.21 | $126.78 | +30.4% | Buy | 14.7x | 27 |
 APOApollo Global Management, Inc. | $71.6B | $124.36 | $145.00 | +16.6% | Buy | 14.2x | 28 |
 CGThe Carlyle Group Inc. | $14.4B | $39.92 | $56.71 | +42.1% | Buy | 10.9x | 26 |
 TPGTPG Inc. | $17.2B | $44.93 | $58.88 | +31.0% | Buy | 15.8x | 18 |
 BAMBrookfield Asset Management Ltd. | $72.3B | $45.26 | $58.50 | +29.3% | Buy | 24.5x | 20 |
Quick answers to the most common questions about buying STEP stock.
The consensus Wall Street price target for STEP is $65.14, representing 44.7% upside from the current price of $45.03. With 8 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
STEP has a consensus rating of "Buy" based on 8 Wall Street analysts. The rating breakdown is predominantly bullish, with 7 Buy/Strong Buy ratings. The consensus 12-month price target of $65.14 implies 44.7% upside from current levels.
STEP trades at a forward P/E of 21.5218x, representing a moderate valuation. With analysts targeting $65.14 (44.7% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $85 for STEP, while the most conservative target is $56. The consensus of $65.14 represents the median expectation. These targets typically reflect 12-month expectations.
STEP is moderately covered, with 8 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 7 have Buy ratings, 1 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month STEP stock forecast based on 8 Wall Street analysts shows a consensus price target of $65.14, with estimates ranging from $56 (bear case) to $85 (bull case). The median consensus rating is "Buy".
STEP trades at a forward P/E ratio of 21.5x based on next-twelve-months earnings estimates. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on STEP, with a "Buy" consensus rating and $65.14 price target (44.7% upside). 7 of 8 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
STEP analyst price targets range from $56 to $85, a 45% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $65.14 consensus represents the middle ground.
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