Santos Stock Forecast

Stock Price Forecast

According to 12 analysts polled by S&P Global, Santos stock has a consensus rating of "Buy" and an average price target of $8.95. The average 1-year stock price forecast is 22.60% higher than the current stock price, while the lowest is $7.62 (+4.38%) and the highest is $11.29 (+54.66%).

Price Target: $8.95 (+22.60%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$7.62	$8.95	$8.88	$11.29
Change	+4.38%	+22.60%	+21.64%	+54.66%

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

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	7	6	7	6	6	6
Buy	2	3	4	4	4	4
Hold	4	2	2	2	2	2
Sell	1	1	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	14	12	13	12	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tom Wallington Citi	Citi	Buy Maintains $9.00	Buy	Maintains	$9.00	+23.29%	May 28, 2026
Tom Allen UBS	UBS	Buy Maintains $8.60	Buy	Maintains	$8.60	+17.81%	May 28, 2026
Mark Wiseman Macquarie	Macquarie	Buy Maintains $9.15	Buy	Maintains	$9.15	+25.34%	May 27, 2026
Robert Koh Morgan Stanley	Morgan Stanley	Hold Maintains $7.50	Hold	Maintains	$7.50	+2.74%	May 27, 2026
Gordon Ramsay CFA RBC Capital	RBC Capital	Buy Maintains $8.50	Buy	Maintains	$8.50	+16.44%	May 26, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

7.24B

from 4.94B

46.65%

from 4.94B

Revenue Next Year

7.45B

from 7.24B

2.93%

from 7.24B

EPS This Year

0.61

from 0.28

120.89%

from 0.28

EPS Next Year

0.62

from 0.61

1.76%

from 0.61

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	7.24B
Revenue Growth	39.15%	65.29%	-24.40%	-8.63%	-8.21%	46.65%
Gross Profit	1.73B	3.89B	2.22B	1.99B	1.66B	4.99B
Gross Margin	36.73%	49.94%	37.73%	36.91%	33.69%	68.90%
Operating Income	1.31B	3.04B	1.78B	1.55B	1.13B	3.23B
Net Income	658.00M	2.11B	1.42B	1.22B	818.00M	2.02B
EPS	-	-	-	-	0.28	0.61
EPS Growth	-	-	-	-	-25.34%	120.89%
Forward PE	8.37	6.73	11.37	10.45	11.49	8.37
Dividend / Share	0.14	0.23	0.26	0.23	0.24	0.36
Dividend Growth	-	62.14%	15.42%	-11.07%	1.72%	51.33%
Free Cash Flow	1.25B	1.69B	681.50M	622.00M	745.63M	2.03B
No. Analysts	-	-	-	-	-	11

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

Revenue Forecast

Revenue	2026	2027	2028
High	7.7B
Avg	7.2B
Low	6.5B

Revenue Growth

Revenue Growth	2026	2027	2028
High	54.9%
Avg	46.6%
Low	31.6%

EPS Forecast

EPS	2026	2027	2028
High	0.81
Avg	0.61
Low	0.47

EPS Growth

EPS Growth	2026	2027	2028
High	192.7%
Avg	120.9%
Low	69.7%