STEP Should I Buy
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StepStone Group Inc (STEP) is not a strong buy for a beginner, long-term investor at the moment. While the company has shown strong revenue growth in its latest quarter, the significant drop in net income and EPS, coupled with bearish technical indicators and lack of positive trading signals, suggest that this is not an ideal entry point. Additionally, the options data indicates bearish sentiment, and there are no recent news or catalysts to drive significant upward momentum.
The technical indicators for STEP are bearish. The MACD is negative and contracting, RSI is neutral at 26.978, and moving averages are bearish with SMA_200 > SMA_20 > SMA_5. Key support is at 45.403, with resistance at 57.711. The stock is trading below its pivot level of 51.557, indicating downward pressure.
The company reported a strong 52.89% YoY revenue growth in Q3 2026, and analysts have generally maintained positive ratings, with some raising price targets.
There is no recent news or significant trading activity from insiders, hedge funds, or Congress. Technical indicators are bearish, and options data suggests short-term bearish sentiment.
In Q3 2026, revenue increased significantly by 52.89% YoY to $405.08M. However, net income dropped to -$123.45M, down 35.71% YoY, and EPS fell to -$1.55, down 40.61% YoY. Gross margin remained at 0%.
Analysts have mixed views but generally maintain positive ratings. Oppenheimer has a price target of $104 with an Outperform rating, while JPMorgan raised its target to $91 with an Overweight rating. However, Barclays and Evercore ISI lowered their price targets to $67 and $73, respectively, citing updated models post-Q3 earnings.
