BUZZ - StepStone shares surge as Wells Fargo initiates coverage with an “Overweight” rating
路透社2026/10/02 16:16October 2 - ** StepStone Group (STEP.O), a private market investment company, saw its share price rise 2.1% to $45.67 after Wells Fargo initiated coverage.
** The broker gave STEP an "Overweight" rating with a target price of $55.
** The institution stated that, as demand for alternative investments grows, the company’s strong position in private wealth management secures it a solid competitive edge.
** Out of 10 brokers, 9 rate the stock "Buy" or above, and 1 rates it "Hold"; the median target price is $63—data compiled by LSEG.
** STEP has dropped 28.90% so far this year.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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