Morgan Stanley raises target for South32 stock to AUD 5.20

Published on 10/13/2026 at 02:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley lifted South32 stock target to AUD 5.20 on October 12, 2026. Earnings rose 55 percent to USD 1 billion in fiscal 2026.

Key points in brief

Morgan Stanley raised its South32 price target to AUD 5.20 on October 12, 2026.
Underlying earnings increased 55 percent to USD 1 billion in fiscal year 2026.
South32 reported AUD 2.96 billion in quarterly revenue for the period ending June 30, 2026.
The annual general meeting is scheduled for October 15, 2026, followed by the September quarterly report on October 19, 2026.

South32, AU000000S320, Illustration mit AI erstellt.

South32 (AU000000S320) had its target raised to AUD 5.20 by Morgan Stanley on October 12, 2026, as reported by TradingView. The companys underlying earnings increased 55 percent to USD 1 billion in fiscal year 2026, according to Yahoo Finance.

Three dated South32 milestones

On July 1, 2026, South32 announced the sale of its aluminium value chain assets to Alcoa for an enterprise value of up to USD 5.6 billion, according to Yahoo Finance. On August 26, 2026, South32 published its financial results for the year ended June 30, 2026, per its investor page. On October 12, 2026, Morgan Stanley lifted the target to AUD 5.20, as TradingView reported.

What does the target mean for earnings?

The latest operating figures give the target revision a measurable backdrop. South32s group underlying EBITDA increased 28 percent to USD 2.5 billion in fiscal year 2026, while cash flow from operations rose by USD 352 million to USD 610 million, according to Yahoo Finance. Markets Insider reported quarterly revenue of AUD 2.96 billion and net profit of AUD 619.03 million for the period ending June 30, 2026, compared with AUD 2.60 billion in revenue and a GAAP net loss of AUD 147.05 million a year earlier, in its report.

Two dates for the calendar

South32s 2026 annual general meeting is scheduled for October 15, 2026. The companys September 2026 quarterly report is scheduled for October 19, 2026, according to its investor calendar.

Last euro quote before the report

South32 was last at EUR 3.12 at Lang & Schwarz on October 12, 2026 at 11:00 p.m. CEST. The quote provides a euro reference ahead of the October 19 quarterly report, while the latest reported earnings and cash flow figures remain the central operating measures.

The further course of trading is shown by the continuously updated real-time quote of South32 stock.