STO has followed a similar path to WDS in the last few weeks but with much less conviction, it couldn’t even get above its 2025 high on Monday – we rarely like stocks that cannot react positively to bullish tailwinds. Outside of takeover interest, of which there has been much over recent years, it’s hard to see what will meaningfully drive STO through $8, also putting it in the too-hard basket at this stage.
- We can see STO testing its post-COVID high in the coming year, but it looks in need of a fresh catalyst.
MM is neutral towards STO around $7.50
Add To Hit List
