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Banco Santander (SAN) Stock Forecast & Price Target

Banco Santander logo
$13.40 -0.15 (-1.07%)
Closing price 03:59 PM Eastern
Extended Trading
$13.44 +0.04 (+0.26%)
As of 05:01 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

Banco Santander - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Sell
0
Hold
2
Buy
12

Based on 14 Wall Street analysts who have issued ratings for Banco Santander in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 2 have given a hold rating, 11 have given a buy rating, and 1 has given a strong buy rating for SAN.

Consensus Price Target

$15.10
12.64% Upside
According to the 14 analysts' twelve-month price targets for Banco Santander, the average price target is $15.10. The highest price target for SAN is $15.10, while the lowest price target for SAN is $15.10. The average price target represents a forecasted upside of 12.64% from the current price of $13.41.
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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SAN Analyst Ratings Over Time

TypeCurrent Forecast
10/14/25 to 10/14/26
1 Month Ago
9/14/25 to 9/14/26
3 Months Ago
7/16/25 to 7/16/26
1 Year Ago
10/14/24 to 10/14/25
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
11 Buy rating(s)
11 Buy rating(s)
8 Buy rating(s)
3 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$15.10$15.10$15.10N/A
Forecasted Upside12.64% Upside2.54% Upside10.85% UpsideN/A
Consensus RatingModerate BuyModerate BuyModerate BuyBuy

SAN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SAN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Banco Santander Stock vs. The Competition

TypeBanco SantanderFinance CompaniesBroader Market
Consensus Rating Score
2.93
2.28
2.53
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside11.40% Upside38.59% Upside19.10% Upside
News Sentiment Rating
Neutral News

See Recent SAN News
Positive News
Positive News
Report Date
0 Results
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
10/8/2026
Weiss Ratings logo
Weiss Ratings
3 of 5 stars
 UpgradeBuy (B+) ➝ Buy (A-)
9/21/2026
UBS Group AG logo
UBS Group
4 of 5 stars
 Reiterated RatingBuy
9/15/2026
Mediobanca
1 of 5 stars
 Reiterated RatingOutperform
7/28/2026 Reiterated RatingOutperform ➝ Buy
7/27/2026 Reiterated RatingBuy
7/22/2026 Reiterated RatingNeutral
7/21/2026 Reiterated RatingBuy
7/14/2026 Reiterated RatingBuy
6/23/2026 Reiterated RatingBuy
5/8/2026 Reiterated RatingBuy
3/27/2026 Initiated CoverageOutperform$15.10+6.98%
3/23/2026 UpgradeEqual Weight ➝ Overweight
1/13/2026 UpgradeHold ➝ Buy
11/18/2025 DowngradeStrong-Buy ➝ Hold
6/4/2025Initiated CoverageBuy
2/24/2025UpgradeHold ➝ Moderate Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:04 PM ET.


Should I Buy Banco Santander Stock? SAN Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, October 7, 2026. Please send any questions or comments about these Banco Santander pros and cons to contact@marketbeat.com.

Banco Santander
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Banco Santander, S.A.:

  • Banco Santander, S.A. recently received Federal Reserve approval to acquire Webster Financial, a significant strategic move that expands its footprint in the U.S. market and could drive long-term growth and synergies for shareholders.
  • The company has passed the midpoint of its €1.8 billion share buy-back programme, demonstrating strong capital management and a commitment to returning value to shareholders, which can support stock price stability and growth.
  • With a current stock price of $13.68, the stock trades at a price-to-earnings ratio of 11.12, which is relatively low compared to many peers, suggesting potential undervaluation and attractive entry points for value-oriented investors.
  • Banco Santander, S.A. maintains a consensus rating of "Moderate Buy" from analysts, with an average price target of $15.10, indicating that the market sees upside potential from the current price level.
  • The bank offers a dividend yield of 1.52%, providing a steady income stream for investors, and recent institutional buying activity, such as Goldman Sachs increasing its stake, signals confidence in the company's financial health.

Banco Santander
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Banco Santander, S.A. for these reasons:

  • Wall Street Zen recently downgraded Banco Santander, S.A. from a "buy" to a "hold" rating, reflecting concerns about the stock's near-term performance and potential overvaluation relative to its recent highs.
  • The company missed analysts' consensus estimates for earnings per share in its most recent quarterly report, posting $0.27 EPS against an expected $0.29, which may raise questions about its ability to meet future earnings targets.
  • Short interest in Banco Santander, S.A. has increased significantly, with shares shorted rising to 40.77 million as of September 2026, indicating that a substantial portion of investors are betting against the stock's price appreciation.
  • The stock has experienced volatility, with a 52-week high of $15.05 and a recent decline to $13.68, suggesting that investors may face price fluctuations and potential downside risk in the near term.
  • Some analysts, such as DZ Bank, maintain a "neutral" rating on the stock, and the overall consensus, while positive, includes a mix of "hold" and "sell" recommendations, indicating uncertainty about the company's future trajectory.

SAN Forecast - Frequently Asked Questions

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Banco Santander is $15.10, with a high forecast of $15.10 and a low forecast of $15.10.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banco Santander in the last year. There are currently 2 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SAN shares.

According to analysts, Banco Santander's stock has a predicted upside of 12.64% based on their 12-month stock forecasts.

Over the previous 90 days, Banco Santander's stock had 1 upgrade and 1 downgrade by analysts.

Banco Santander has been rated by research analysts at Deutsche Bank Aktiengesellschaft, DZ Bank, Jefferies Financial Group, Mediobanca, Royal Bank Of Canada, UBS Group, and Weiss Ratings in the past 90 days.

Analysts like Banco Santander more than other "finance" companies. The consensus rating for Banco Santander is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how SAN compares to other companies.


MarketBeat monitors more than a dozen sources for Banco Santander analyst ratings, with the most recent rating issued on 10/8/2026.
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