Wells Fargo & Company Begins Coverage on StepStone Group (NASDAQ:STEP)

Wells Fargo & Company has initiated coverage on StepStone Group (NASDAQ:STEP) with an "overweight" rating and a $55 price target, suggesting a potential upside of 21.5%. This aligns with a broader "Moderate Buy" consensus from analysts, despite the company's recent quarterly earnings slightly missing expectations. StepStone Group reported $0.48 adjusted earnings per share against an anticipated $0.50, and revenue of $300.6 million compared to an estimated $309.3 million.