South32 Stock Forecast

Stock Price Forecast

According to 14 analysts polled by S&P Global, South32 stock has a consensus rating of "Buy" and an average price target of $4.81. The average 1-year stock price forecast is 16.46% higher than the current stock price, while the lowest is $3.77 (-8.72%) and the highest is $6.12 (+48.18%).

Price Target: $4.81 (+16.46%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$3.77	$4.81	$4.89	$6.12
Change	-8.72%	+16.46%	+18.40%	+48.18%

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	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	6	6	6	6	6	6
Buy	3	3	4	4	4	4
Hold	3	3	2	3	4	4
Sell	1	1	1	0	0	0
Strong Sell	0	0	0	0	0	0
Total	13	13	13	13	14	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ephrem Ravi Citi	Citi	Buy Maintains $5.40 → $6.10	Buy	Maintains	$5.40 → $6.10	+47.70%	Jun 9, 2026
Chris LaFemina Jefferies	Jefferies	Buy Maintains $5.80	Buy	Maintains	$5.80	+40.44%	Jun 9, 2026
Kaan Peker RBC Capital	RBC Capital	Buy Maintains $4.50 → $4.60	Buy	Maintains	$4.50 → $4.60	+11.38%	Jun 4, 2026
Rahul Anand Morgan Stanley	Morgan Stanley	Buy Maintains $4.85	Buy	Maintains	$4.85	+17.43%	Jun 1, 2026
Levi Spry UBS	UBS	Buy Maintains $5.10	Buy	Maintains	$5.10	+23.49%	May 22, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

7.28B

from 5.98B

21.73%

from 5.98B

Revenue Next Year

6.80B

from 7.28B

-6.62%

from 7.28B

EPS This Year

0.20

from 0.15

37.36%

from 0.15

EPS Next Year

0.28

from 0.20

38.31%

from 0.20

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Jun 30, 2021	Jun 30, 2022	Jun 30, 2023	Jun 30, 2024	Jun 30, 2025	Jun 30, 2026
Revenue	5.58B	9.38B	5.75B	5.02B	5.98B	7.28B
Revenue Growth	8.67%	68.07%	-38.65%	-12.73%	19.16%	21.73%
Gross Profit	3.37B	6.19B	2.56B	2.26B	3.21B	1.57B
Gross Margin	60.38%	65.98%	44.49%	44.96%	53.63%	21.53%
Operating Income	773.00M	3.43B	279.00M	13.00M	738.00M	1.41B
Net Income	-195.00M	2.67B	-173.00M	-203.00M	213.00M	965.92M
EPS	-	-	-	-	0.15	0.20
EPS Growth	-	-	-	-	76.19%	37.36%
Forward PE	11.68	4.37	7.98	10.95	10.91	14.25
Dividend / Share	0.05	0.23	0.08	0.04	0.06	0.08
Dividend Growth	-	363.27%	-64.32%	-56.79%	71.43%	40.35%
Free Cash Flow	750.38M	2.02B	-650.63M	-1.81B	1.01B	217.00M
No. Analysts	-	-	-	-	-	10

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	8.0B
Avg	7.3B
Low	6.0B

Revenue Growth

Revenue Growth	2026	2027	2028
High	33.1%
Avg	21.7%
Low	-0.4%

EPS Forecast

EPS	2026	2027	2028
High	0.24
Avg	0.20
Low	0.16

EPS Growth

EPS Growth	2026	2027	2028
High	59.0%
Avg	37.4%
Low	10.8%