South32 Limited (ASX:S32)
Australia · Delayed Price · Currency is AUD 4.020
+0.200 (5.24%)
Jul 10, 2026, 4:10 PM AEST
South32 Stock Forecast
Stock Price Forecast
According to 13 analysts polled by S&P Global, South32 stock has a consensus rating of "Buy" and an average price target of $4.83. The average 1-year stock price forecast is 20.15% higher than the current stock price, while the lowest is $4.11 (+2.24%) and the highest is $6.12 (+52.24%).
Price Target: $4.83 (+20.15%)
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for South32 stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 6 | 4 | 4 |
| Buy | 3 | 4 | 4 | 4 | 4 | 3 |
| Hold | 3 | 2 | 3 | 4 | 6 | 6 |
| Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 13 | 13 | 14 | 14 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $3.45 | Buy | Maintains | $3.45 | -14.20% | Jul 7, 2026 |
| Jefferies | Jefferies | Buy Reiterates $5.78 → $5.97 | Buy | Reiterates | $5.78 → $5.97 | +48.48% | Jul 2, 2026 |
| Morgans | Morgans | Hold Downgrades $5.00 → $4.50 | Hold | Downgrades | $5.00 → $4.50 | +11.94% | Jul 2, 2026 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $4.85 | Buy | Maintains | $4.85 | +20.65% | Jul 2, 2026 |
| Citi | Citi | Buy Maintains $6.10 | Buy | Maintains | $6.10 | +51.74% | Jul 2, 2026 |
Financial Forecast
Revenue This Year
7.17B
from 5.98B
Increased by 19.83%
Revenue Next Year
6.56B
from 7.17B
Decreased by -8.45%
EPS This Year
0.21
from 0.15
Increased by 44.78%
EPS Next Year
0.27
from 0.21
Increased by 24.82%
EPS and Forward PE are based on non-GAAP adjusted numbers.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 8.0B | ||
| Avg | 7.2B | ||
| Low | 5.7B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 33.7% | ||
| Avg | 19.8% | ||
| Low | -4.3% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 0.24 | ||
| Avg | 0.21 | ||
| Low | 0.18 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 61.7% | ||
| Avg | 44.8% | ||
| Low | 23.0% |