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

Published on 10/09/2026 at 12:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tenaris stock costs EUR 50.70 on October 9, 2026, plus 0.50 percent versus EUR 50.45. Q2 sales fell 4.00 percent to USD 3.00 billion.

Key points in brief

BofA raised its Tenaris price target from USD 66.00 to USD 71.00 on October 5, 2026, while keeping a Buy rating.
Tenaris reported USD 3.00 billion in second-quarter sales, down 4.00 percent year over year, and USD 492.00 million in net income.
Tenaris stock was trading at EUR 50.70 at Lang & Schwarz on October 9, 2026, up 0.50 percent versus the prior close of EUR 50.45.
The company has scheduled its next earnings report for November 4, 2026.

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Tenaris stock is trading at EUR 50.70 at Lang & Schwarz on October 9, 2026 at 12:44 p.m. CEST, up 0.50 percent versus the prior close of EUR 50.45. On October 5, 2026, Markets Insider reported that BofA raised its Tenaris target from USD 66.00 to USD 71.00 and kept a Buy rating.

Three dates shape the stock

On August 6, 2026, Tenaris said second-quarter sales reached USD 3.00 billion, down 4.00 percent year over year, while net income fell 13.00 percent to USD 492.00 million, according to the Yahoo Finance transcript. On October 2, 2026, Tenaris disclosed a USD 10.00 million investment in its upgraded Nigerian thermal insulation line. On October 5, 2026, BofA lifted the target to USD 71.00 from USD 66.00, as reported by Markets Insider.

What does the target raise change?

The revised target places the analyst signal against a softer earnings quarter. Tenaris also generated USD 396.00 million in free cash flow in the second quarter and ended the period with USD 3.60 billion in net cash, according to the Yahoo Finance transcript. Management said second-half revenue and EBITDA were expected to remain in line with the first half, with an increase anticipated in the fourth quarter.

Next dates and market value

Investing.com lists November 4, 2026 as Tenaris's next earnings date. The Q2 earnings call transcript states that an interim dividend of USD 1.18 per ADR is scheduled for payment on November 25, 2026.

Tenaris's USD 30.40 billion market capitalization was shown for October 8, 2026, while the NYSE ADR closed at USD 56.59 on that date. The separate euro quotation remained positive on October 9, 2026, but its 0.50 percent gain was smaller than the 1.82 percent move shown for the prior NYSE session.

Stock trades higher in Germany

Tenaris was trading at EUR 50.70 at Lang & Schwarz on October 9, 2026 at 12:44 p.m. CEST, plus 0.50 percent versus the EUR 50.45 prior close of October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Tenaris stock.