Tenaris (TS) Stock Forecast & Price Target

Q: What analysts cover Tenaris?

Tenaris has been rated by research analysts at Barclays , Morgan Stanley , TD Cowen , Weiss Ratings , and Zacks Research in the past 90 days.

$55.40 -0.48 (-0.85%)

As of 02:47 PM Eastern

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Tenaris - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 10 Analyst Ratings

Sell
0

Hold
6

Buy
4

Based on 10 Wall Street analysts who have issued ratings for Tenaris in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 6 have given a hold rating, and 4 have given a buy rating for TS.

Consensus Price Target

$62.45
12.72% Upside

According to the 10 analysts' twelve-month price targets for Tenaris, the average price target is $62.45. The highest price target for TS is $80.00, while the lowest price target for TS is $49.70. The average price target represents a forecasted upside of 12.72% from the current price of $55.40.

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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TS Analyst Ratings Over Time

Type	Current Forecast 9/25/25 to 9/25/26	1 Month Ago 8/26/25 to 8/26/26	3 Months Ago 6/27/25 to 6/27/26	1 Year Ago 9/25/24 to 9/25/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$62.45	$62.45	$60.12	$41.80
Forecasted Upside	12.72% Upside	16.01% Upside	7.40% Upside	20.17% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Hold

TS 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.

TS 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.

Tenaris Stock vs. The Competition

Type	Tenaris	Energy Companies	Broader Market
Consensus Rating Score	2.40	2.45	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	11.81% Upside	39.50% Upside	19.68% Upside
News Sentiment Rating	Neutral News See Recent TS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/20/2026	Morgan Stanley 3 of 5 stars	Joe Laetsch Not Rated	Lower Target	Equal Weight	$65.00 ➝ $60.00	+11.53%
8/10/2026	Barclays 3 of 5 stars	David Anderson 5 of 5 stars	Lower Target	Overweight	$82.00 ➝ $80.00	+51.07%
8/10/2026	Zacks Research 4 of 5 stars		Downgrade	Strong-Buy ➝ Hold
8/7/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy (B-) ➝ Hold (C+)
8/7/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Marc Bianchi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$67.00 ➝ $68.00	+27.61%
5/18/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Derek Podhaizer Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$56.00 ➝ $60.00	-2.89%
2/23/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michele Della Vigna Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral	$49.70	-6.61%
2/23/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Stephen Gengaro Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$45.00 ➝ $57.00	+6.58%
2/5/2026	Oddo Bhf Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Outperform
10/10/2025	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Outperform ➝ Hold
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7/21/2025	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Outperform
1/29/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Neutral ➝ Underperform
1/17/2025	Kepler Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
12/9/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$35.00 ➝ $47.00	+24.44%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 02:47 PM ET.

Should I Buy Tenaris Stock? TS 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 Tuesday, September 22, 2026. Please send any questions or comments about these Tenaris pros and cons to contact@marketbeat.com.

Tenaris
Bull Case

Here are some ways that investors could benefit from investing in Tenaris S.A.:

Tenaris S.A. recently reported second-quarter earnings that exceeded analyst expectations, with actual earnings per share of $0.95 compared to a consensus estimate of $0.79, demonstrating strong profitability with a net margin of 15.88% and a return on equity of 11.14%.
The company offers a high dividend yield of 4.29%, providing a significant income stream for investors, supported by a recent payout of $606 million in dividends during the second quarter and a strong balance sheet with $3.6 billion in cash.
Shares of Tenaris S.A. are currently trading at $55.47, which is below the average analyst price target of $62.45, suggesting potential upside as the stock has recently hit 52-week highs and crossed above its 200-day moving average.
Short interest in the stock has decreased significantly over the past few months, with shares shorted dropping from over 7.5 million in March to approximately 3.6 million in August, indicating that investors are covering their short positions and reducing bearish pressure.
Tenaris S.A. maintains a leading market position in the energy industry, producing essential steel tubular products for oil and gas exploration, with a strong backlog of $130 million in the Middle East that provides visibility into future revenue.

Tenaris
Bear Case

Investors should be bearish about investing in Tenaris S.A. for these reasons:

The consensus rating from ten brokerages is "Hold," with six analysts recommending hold and only four recommending buy, reflecting a cautious outlook on the stock's future performance despite recent earnings beats.
Revenue for the second quarter declined by 3.9% year-over-year to $2.97 billion, and operating profit fell 15.2% to $494.0 million, indicating that the company is facing headwinds in its core business despite higher earnings per share.
Several major institutional investors, including Carrhae Capital LLP and Bank of America Corp DE, have reduced their stakes in Tenaris S.A. during the second quarter, with Carrhae Capital selling 59,117 shares and Bank of America selling 178,781 shares, signaling a lack of confidence from large holders.
The stock has a beta of 0.85, which is lower than the market average, but it is still exposed to cyclical risks in the energy sector, with analysts noting that earnings power remains tightly linked to volatile energy capital expenditure cycles.
Operating cash flow decreased by 23.1% year-over-year to $517.5 million in the second quarter, suggesting that the company's ability to generate cash from its operations is weakening, which could impact future investment and dividend sustainability.

TS Forecast - Frequently Asked Questions

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Tenaris is $62.45, with a high forecast of $80.00 and a low forecast of $49.70.

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tenaris in the last year. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TS, but not buy additional shares or sell existing shares.

According to analysts, Tenaris's stock has a predicted upside of 12.72% based on their 12-month stock forecasts.

Over the previous 90 days, Tenaris's stock had 3 downgrades and 2 upgrades by analysts.

Tenaris has been rated by research analysts at Barclays, Morgan Stanley, TD Cowen, Weiss Ratings, and Zacks Research in the past 90 days.

Analysts like Tenaris less than other "energy" companies. The consensus rating score for Tenaris is 2.40 while the average consensus rating score for "energy" companies is 2.45. Learn more on how TS compares to other companies.

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Brokerages With Tenaris Recommendations

MarketBeat monitors more than a dozen sources for Tenaris analyst ratings, with the most recent rating issued on 8/20/2026.

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Tenaris (TS) Stock Forecast & Price Target