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Broker says Santos shares can rise 40% in 12 months

Summary by fool.com.au
Santos Ltd (ASX: STO) shares could be heading a lot higher from here. That's the view of one leading broker, which thinks that the energy giant's shares are seriously undervalued right now. What is being said about Santos shares? Analysts at Goldman Sachs have been running the rule over the company's quarterly update and were pleased with what they saw. They said: STO reported 21.9 mmboe production 4% above our estimates on higher throughput at…
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fool.com.au broke the news in on Tuesday, April 22, 2025.
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