STEP trades 31.5% below Wall Street's consensus target of $62.38.
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 22.7x. This scenario reflects the blended consensus of 9 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, StepStone Group Inc. (STEP) has a Wall Street consensus price target of $62.38, based on estimates from 9 covering analysts. With the stock currently trading at $47.45, this represents a potential upside of +31.5%. The company has a market capitalization of $6.13B.
Analyst price targets range from a low of $48.00 to a high of $85.00, representing a 59% spread in expectations. The median target of $60.50 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 8 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 -12.3x and forward P/E of 22.7x. 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. | $10.2B | $145.86 | $159.80 | +9.6% | Buy | 18.9x | 16 |
 HLNEHamilton Lane Incorporated | $5.0B | $89.46 | $121.67 | +36.0% | Buy | 14.8x | 10 |
 GCMGGCM Grosvenor Inc. | $2.4B | $12.66 | $16.25 | +28.4% | Buy | 14.1x | 8 |
 ARESAres Management Corporation | $44.0B | $133.98 | $145.88 | +8.9% | Buy | 23.8x | 22 |
 BXBlackstone Inc. | $94.1B | $119.50 | $143.45 | +20.0% | Buy | 20.4x | 30 |
 KKRKKR & Co. Inc. | $86.6B | $96.48 | $120.56 | +25.0% | Buy | 11.7x | 27 |
 APOApollo Global Management, Inc. | $67.2B | $116.75 | $139.00 | +19.1% | Buy | 13.5x | 28 |
 CGThe Carlyle Group Inc. | $14.3B | $39.70 | $50.22 | +26.5% | Buy | 11.4x | 26 |
 TPGTPG Inc. | $17.8B | $46.50 | $57.13 | +22.9% | Buy | 16.7x | 18 |
 BAMBrookfield Asset Management Ltd. | $84.5B | $52.95 | $55.08 | +4.0% | Buy | 28.7x | 20 |
Quick answers to the most common questions about buying STEP stock.
The consensus Wall Street price target for STEP is $62.38, representing 31.5% upside from the current price of $47.45. With 9 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 9 Wall Street analysts. The rating breakdown is predominantly bullish, with 8 Buy/Strong Buy ratings. The consensus 12-month price target of $62.38 implies 31.5% upside from current levels.
STEP trades at a forward P/E of 22.6784x, representing a moderate valuation. With analysts targeting $62.38 (31.5% 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 $48. The consensus of $62.38 represents the median expectation. These targets typically reflect 12-month expectations.
STEP is moderately covered, with 9 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 8 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 9 Wall Street analysts shows a consensus price target of $62.38, with estimates ranging from $48 (bear case) to $85 (bull case). The median consensus rating is "Buy".
STEP trades at a forward P/E ratio of 22.7x 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 $62.38 price target (31.5% upside). 8 of 9 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 $48 to $85, a 59% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $62.38 consensus represents the middle ground.
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