$SANTOS As of November 2024, the outlook for Santos Ltd. (STO) appears generally positive, with analysts maintaining a "Buy" rating. While some analysts have adjusted their price targets slightly, the company continues to show strong growth potential, particularly through its robust LNG contracts and upcoming projects such as Moomba CCS and Pikka.

Currently, Santos shares are priced around AU$6.73, and analysts have set a target price range of AU$7.90 to AU$9.43. The company benefits from favorable LNG pricing strategies, and its solid cash flow and production growth forecast of 10% annually for the next few years support the positive sentiment.

For investors, the stock is viewed as a potential buy if it reaches closer to the AU$6.50–AU$7.00 range, as it is expected to deliver solid returns backed by its upcoming developments.