BofA raises target for Tenaris stock from USD 66.00 to USD 71.00
Published on 10/07/2026 at 09:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Tenaris stock (ISIN US88031M1099) was trading at EUR 50.90 at Lang & Schwarz on October 7, 2026 at 9:08 a.m. CEST, up 0.49 percent versus the prior close of EUR 50.65. According to Markets Insider on October 5, 2026, BofA raised its Tenaris target from USD 66.00 to USD 71.00 and kept a Buy rating.
BofA lifts target to USD 71.00
The target increase gives investors a concrete benchmark while Tenaris remains exposed to shifting energy and industrial demand. The USD 71.00 target stands 39.49 percent above the EUR 50.90 Lang & Schwarz price only if the currencies are treated separately, so the comparison is not used as a return calculation.
MarketBeat reported on October 6, 2026 that five analysts rated Tenaris Buy and six rated it Hold, producing a consensus Hold rating and a USD 63.67 average target.
Second-quarter sales fell 3.90 percent
SteelRadar reported that Tenaris generated USD 6.07 billion in revenue during the first half of 2026, up 1.00 percent from USD 6.01 billion in the same period of 2025. Net income reached USD 1.06 billion, while second-quarter revenue fell 4.00 percent year over year to USD 2.97 billion.
The quarterly decline was linked in the report to delayed Middle East shipments, while higher North American prices supported the first-half result. Pipe sales reached USD 5.73 billion in the first half of 2026 and represented 95.00 percent of total sales.
Tenaris schedules November results
Tenaris lists November 4, 2026 as the date for its third-quarter 2026 results on its investor relations page. That date places the next reporting checkpoint after a quarter in which revenue declined but first-half revenue still increased 1.00 percent year over year.
EUR 50.90 in morning trading
Tenaris was trading at EUR 50.90 at Lang & Schwarz on October 7, 2026 at 9:08 a.m. CEST, plus 0.49 percent versus the prior close of EUR 50.65 on October 6, 2026. The primary NYSE listing had a USD 33.65 to USD 64.60 52-week range and a USD 30.5 billion market capitalization as of October 6, 2026.
The further course of trading is shown by the continuously updated real-time quote of Tenaris stock.
Tenaris stock facts
- Company: Tenaris S.A.
- ISIN: US88031M1099
- Ticker: TS
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 7, 2026, 9:08 a.m. CEST): EUR 50.90
- Change versus prior close: plus 0.49 percent
- Prior close Lang & Schwarz (October 6, 2026): EUR 50.65
- Market capitalization: USD 30.5 billion (as of October 6, 2026)
- 52-week range: USD 33.65-64.60 (as of October 6, 2026)
- Sector / Industry: Materials / Steel and metals
- Index membership: Merval 25
- Next earnings date: November 4, 2026
