Evercore ISI raised the firm’s price target on Stepstone Group (STEP) to $71 from $55 and keeps an Outperform rating on the shares. After a fiscal Q2 “that landed in-line,” the firm continues to “cosign” management’s target of at least a doubling of fee-related earnings, or FRE, over the next five years, the analyst tells investors. Following the report, the firm’s FY25 and FY26 EPS estimates are $1.84 and $2.24, up from $1.83 and $2.23, respectively.
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