StepStone Group Inc.'s stock surged 5.02% during intraday trading on Friday, marking a significant upward movement.
The rally appears to be driven primarily by JP Morgan raising its price target on the stock to $91 from $84, signaling increased confidence in the company's future prospects.
This positive action contrasted with other analyst moves, including BMO cutting its target to $70, Barclays lowering its target to $67, and Evercore ISI reducing its target to $73, though the market focused on the optimistic outlook from JP Morgan.