Santos Stock Forecast

Stock Price Forecast

According to 13 analysts polled by S&P Global, Santos stock has a consensus rating of "Buy" and an average price target of $8.94. The average 1-year stock price forecast is 2.41% higher than the current stock price, while the lowest is $7.79 (-10.77%) and the highest is $10.91 (+24.97%).

Price Target: $8.94 (+2.41%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$7.79	$8.94	$8.50	$10.91
Change	-10.77%	+2.41%	-2.63%	+24.97%

Analyst Ratings

The average analyst rating for Santos stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart

Rating	Apr '26	May '26	Jun '26	Jul '26	Aug '26	Sep '26
Strong Buy	6	6	6	6	7	7
Buy	4	4	4	5	5	5
Hold	2	2	2	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	12	12	12	12	13	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tom Wallington Citi	Citi	Buy Maintains $9.00 → $9.35	Buy	Maintains	$9.00 → $9.35	+7.10%	Sep 8, 2026
Unknown Analyst Macquarie No rating	Macquarie	Buy Maintains $9.25	Buy	Maintains	$9.25	+5.96%	Sep 7, 2026
Robert Koh Morgan Stanley	Morgan Stanley	Buy Maintains $7.67 → $8.30	Buy	Maintains	$7.67 → $8.30	-4.93%	Sep 1, 2026
Unknown Analyst Ord Minnett No rating	Ord Minnett	Hold Maintains $7.60 → $7.90	Hold	Maintains	$7.60 → $7.90	-9.51%	Aug 20, 2026
Gordon Ramsay CFA RBC Capital	RBC Capital	Buy Maintains $8.00 → $8.50	Buy	Maintains	$8.00 → $8.50	-2.63%	Aug 20, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

6.74B

from 4.94B

36.53%

from 4.94B

Revenue Next Year

7.13B

from 6.74B

5.76%

from 6.74B

EPS This Year

0.46

from 0.28

66.17%

from 0.28

EPS Next Year

0.50

from 0.46

8.61%

from 0.46

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	4.71B	7.79B	5.89B	5.38B	4.94B	6.74B
Revenue Growth	39.15%	65.29%	-24.40%	-8.63%	-8.21%	36.53%
Operating Income	1.31B	3.04B	1.78B	1.55B	1.13B	2.44B
Net Income	658.00M	2.11B	1.42B	1.22B	818.00M	1.43B
EPS	-	-	-	-	0.28	0.46
EPS Growth	-	-	-	-	-25.34%	66.17%
Forward PE	8.37	6.73	11.37	10.45	11.49	13.44
Dividend / Share	0.14	0.23	0.26	0.23	0.24	0.32
Dividend Growth	97.18%	62.14%	15.42%	-11.07%	1.72%	36.57%
Free Cash Flow	1.25B	1.69B	681.50M	622.00M	745.63M	1.58B
No. Analysts	-	-	-	-	-	12

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

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	7.2B
Avg	6.7B
Low	6.3B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	45.7%
Avg	36.5%
Low	26.8%

EPS Forecast

Chart

EPS	2026	2027	2028
High	0.55
Avg	0.46
Low	0.35

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	99.0%
Avg	66.2%
Low	26.6%