STEP Price Prediction Next Week
STEP Stock Price Prediction and Recommendation
Technical Analysis:
The current price of STEP is $48.36 as of 2025-03-10. Based on the technical indicators:
- RSI (14): 31.33 (oversold territory, indicating potential rebound)
- MACD: -1.90 (bearish signal)
- SMA_20: $59.33 (resistance level)
- SMA_50: $60.59 (resistance level)
The stock is currently below its 20-day and 50-day moving averages, suggesting bearish momentum.
Fibonacci Levels:
- Pivot Point: $56.05
- Resistance Levels: $60.18, $62.73
- Support Levels: $51.93, $49.38
The stock is approaching the lower support level of $49.38, which could act as a floor.
News Sentiment and Analyst Outlook:
- Analyst Consensus: Moderate Buy with an average price target of $69.00.
- Insider Sentiment: Negative, with increased insider selling.
Price Prediction:
Based on the oversold RSI and proximity to the lower Fibonacci support level, the stock may experience a slight rebound. However, the overall bearish trend suggests limited upside.
Predicted Price for Next Trading Week: $51.50
Recommendation: Sell
This recommendation is based on the bearish technical indicators and negative insider sentiment, despite the oversold condition.
STEP Similar Chart Price Prediction
The price of STEP is predicted to go up -22.73%, based on the high correlation periods with ATEX. The similarity of these two price pattern on the periods is 96.08%.
STEP
ATEX
Down: -22.73%Similarity: 96.08%
STEP Revenue Forecast
STEP EPS Forecast
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STEP Analyst's Forecast
Benjamin Budish
Barclays
Hold
2024-12-09
Price Target
$72 → $66
Upside
+9.82%
Barclays lowered the firm's price target on Stepstone Group to $66 from $72 and keeps an Equal Weight rating on the shares. The macro backdrop looks constructive going into 2025 for the brokers, asset managers and exchanges, the analyst tells investors in a research note. The firm is increasingly constructive on the alternative asset managers, where an "unleash" of transacting has been growing and looks set to happen, and brokers, where it sees healthy earnings growth opportunities.
John Dunn
Evercore ISI Group
Buy
2024-10-14
Price Target
$52 → $55
Downside
-8.27%
Michael Cyprys
Morgan Stanley
Hold
2024-10-10
Price Target
$52 → $60
Upside
+0.67%
