Here's Why StepStone Group Inc. (STEP) is a Great Momentum Stock to Buy

Group 1: Company Overview - StepStone Group Inc. (STEP) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical outperformance in the market [3] Group 2: Price Performance - Over the past week, STEP shares have increased by 11.76%, while the Zacks Financial - Miscellaneous Services industry has decreased by 0.48% [5] - In the last month, STEP's price change is 23.23%, significantly outperforming the industry's 2.33% [5] - Over the past quarter, STEP shares have risen by 33.52%, and they have increased by 107.03% in the last year, compared to the S&P 500's gains of 5.02% and 27.85%, respectively [6] Group 3: Trading Volume - STEP's average 20-day trading volume is 383,829 shares, which serves as a bullish indicator when combined with rising stock prices [7] Group 4: Earnings Outlook - In the past two months, three earnings estimates for STEP have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $1.56 to $1.68 [9] - For the next fiscal year, three estimates have also moved upwards, with no downward revisions during the same period [9] Group 5: Conclusion - Considering the strong momentum indicators and positive earnings outlook, STEP is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [10]