When could the Santos share price reach $9?
The Santos Ltd (ASX: STO) share price has been heavily sold in 2024 amid a broader rotation out of ASX resources shares.
But could it be set for a jump in the coming year or two?
For starters, the stock is swapping hands at $6.96 apiece at the time of writing. Let’s call it $7 to round up.
The long-term market average return is about 10% per year. But what if the Santos share price were to triple that amount and curl up to $9 apiece (34% return)? When could this occur?
None of us have a crystal ball at our disposal. However, we can make some fairly informed inferences based on the economics of the situation. And based on what the experts say. Let’s have a look.
Santos share price growth drivers
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