StepStone Group ( (STEP) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
StepStone Group’s stock has experienced a downturn due to anticipated increased volatility affecting mergers and IPO pipelines, which are expected to face further delays. Barclays analyst Benjamin Budish has responded to these challenges by lowering the company’s price target from $69 to $48, while maintaining an Equal Weight rating. Despite stable trading activity, brokers are facing difficulties because of a lower in-period Fed funds and futures curve, influencing their outlook.
More about StepStone Group
YTD Price Performance: -23.84%
Average Trading Volume: 568,879
Technical Sentiment Signal: Buy
Current Market Cap: $5.09B
For further insights into STEP stock on TipRanks’ Stock Analysis page.
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