BofA raised target for Tenaris stock from USD 66.00 to USD 71.00

Published on 10/12/2026 at 09:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA kept Buy as U.S. tube pricing supported its fiscal 2027 view. Tenaris stock trades at EUR 52.25 on October 12, 2026 beside a USD 71.00 target.

Key points in brief

BofA raised its Tenaris price target from USD 66.00 to USD 71.00 on October 5, 2026, while maintaining a Buy rating.
Tenaris reported second-quarter 2026 sales of USD 3.00 billion and net income of USD 492.00 million.
Tenaris stock was trading at EUR 52.25 at Lang & Schwarz on October 12, 2026 at 9:23 a.m. CEST.
Tenaris has scheduled its third-quarter 2026 results for November 4, 2026, followed by a conference call on November 5, 2026.

TS, US88031M1099, Illustration mit AI erstellt.

Tenaris (ISIN US88031M1099) was trading at EUR 52.25 at Lang & Schwarz on October 12, 2026 at 9:23 a.m. CEST. On October 5, 2026, BofA Securities raised its price target from USD 66.00 to USD 71.00 and maintained a Buy rating, according to Investing.com. The new target represents a 7.58 percent increase from the previous target.

Three milestones shaped the outlook

On August 6, 2026, Tenaris reported second-quarter sales of USD 3.00 billion, down 4.00 percent year over year, according to Yahoo Finance. The same transcript recorded second-quarter net income of USD 492.00 million, down 13.00 percent sequentially, with quarterly EBITDA of USD 649.00 million.

Also on August 6, 2026, Tenaris said its board had approved an interim dividend of USD 1.18 per ADR, with payment scheduled for November 25, 2026, according to Yahoo Finance. The dividend highlights the contrast between weaker quarterly profitability and the company's continuing cash distribution.

On October 5, 2026, BofA linked its more positive view to rising U.S. pricing and offshore volumes. It also raised its fiscal 2027 EBITDA estimate for Tenaris by 12.00 percent, according to Investing.com.

What does the target change mean

The target move places the latest BofA view at USD 71.00, compared with the previous USD 66.00. The company still faces operating pressure: second-quarter sales fell 4.00 percent year over year, while net income declined 13.00 percent sequentially.

Tenaris has two November dates

Tenaris lists November 4, 2026, for its third-quarter 2026 results and November 5, 2026, for the related conference call on its Tenaris investor page. Those dates follow the second-quarter figures and the October target revision, giving investors two scheduled checkpoints for the next operating update.

Market value and trading reference

Tenaris had a USD 30.8 billion market capitalization and a USD 33.72 to USD 64.60 52-week range as of October 9, 2026. Its U.S. listing is on the New York Stock Exchange, while the reference quote for this article is the euro price at Lang & Schwarz.

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