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.

$55.98 +0.33 (+0.59%)

Closing price 10/2/2026 03:59 PM Eastern

Extended Trading

$55.96 -0.02 (-0.03%)

As of 10/2/2026 07:30 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
11.57% 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 11.57% from the current price of $55.98.

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 10/4/25 to 10/4/26	1 Month Ago 9/4/25 to 9/4/26	3 Months Ago 7/6/25 to 7/6/26	1 Year Ago 10/4/24 to 10/4/25
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)	3 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	11.57% Upside	10.75% Upside	11.89% Upside	14.92% 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	2.44	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	11.57% Upside	45.76% Upside	21.53% Upside
News Sentiment Rating	Positive News See Recent TS News	Positive News	Neutral 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 Sunday at 03:32 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 Thursday, October 1, 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. shares are currently trading at $55.58, which is significantly below the average analyst price target of $62.45, suggesting potential upside for investors who believe the market is undervaluing the company's current position.
The company recently reported second-quarter earnings of $0.95 per share, which exceeded the analyst consensus estimate of $0.79 by $0.16, demonstrating strong profitability and the ability to outperform market expectations even in a challenging environment.
Tenaris S.A. offers a high dividend yield of 4.35%, providing a substantial income stream for investors, supported by the company's recent announcement of a $600 million interim dividend payout.
Despite recent revenue declines, the company maintains a strong balance sheet with $3.6 billion in cash and total liabilities that decreased by 14.4% year-over-year, indicating financial stability and resilience against economic downturns.
Short interest in the stock has decreased significantly over the past few months, with shares shorted dropping from over 7 million in early 2026 to under 4 million by September 2026, suggesting that short sellers are losing confidence in their bearish thesis and potentially signaling a positive shift in market sentiment.

Tenaris
Bear Case

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

The company's revenue has declined by 3.9% year-over-year in the most recent quarter, and operating profit has dropped by 15.2%, indicating that the core business is facing headwinds that are impacting its ability to grow and maintain margins.
Analysts have recently downgraded the stock, with Zacks Research lowering its rating from "strong-buy" to "hold" and Weiss Ratings downgrading from "buy" to "hold," reflecting concerns about the company's future growth prospects and valuation.
Tenaris S.A. is facing near-term headwinds from shipment delays in the Middle East, which are cutting into sales and creating uncertainty in its revenue stream, particularly as the company relies heavily on the energy sector for demand.
The stock's price has fallen below its 200-day moving average, which is a technical indicator that often signals a bearish trend, and the company's earnings power remains tightly linked to volatile energy capital expenditure cycles, making it susceptible to market fluctuations.
Institutional investors have been reducing their stakes in the company, with Carrhae Capital LLP selling 59,117 shares and other funds trimming their holdings, suggesting that professional investors are less confident in the stock's long-term potential.

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 research analysts have issued "buy," "hold," and "sell" ratings for Tenaris in the last twelve months. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 11.57% 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 2.44. 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