Morgan Stanley raises Tenaris target to USD 62 for Tenaris stock
Published on 10/16/2026 at 10:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and quarterly results
- Morgan Stanley raised its Tenaris target from USD 60 to USD 62 on October 14, 2026.
- Second-quarter revenue reached USD 2.97 billion, down 3.90 percent year over year.
- Tenaris stock traded at EUR 51.25 at 10:06 a.m. CEST at Lang & Schwarz on October 16, 2026.
Tenaris (ISIN US88031M1099) was trading at EUR 51.25 at Lang & Schwarz on October 16, 2026, at 10:06 a.m. CEST. Markets Insider reported that Morgan Stanley had raised its Tenaris price target from USD 60 to USD 62 on October 14, 2026. The change kept an Equal Weight rating and cited mixed conditions in energy services.
Morgan Stanley lifts its target
The USD 2 increase gives the latest analyst view a more constructive edge, but the unchanged Equal Weight rating preserves a cautious reading. Morgan Stanley also pointed to potential improvement ahead while warning about emerging headwinds, according to Markets Insider.
Three dated events shape the picture
On August 5, 2026, Tenaris reported second-quarter adjusted earnings of USD 0.95 per share against a USD 0.79 consensus estimate, while revenue reached USD 2.97 billion, according to MarketBeat. On October 5, 2026, Bank of America raised its target from USD 66 to USD 71 and assigned a Buy rating, the same source reported. On October 14, 2026, Morgan Stanley raised its target from USD 60 to USD 62 while retaining Equal Weight.
What does the target mean for earnings?
The central tension is the contrast between better-than-expected adjusted earnings and softer sales. Second-quarter revenue fell 3.90 percent from the prior-year period, while adjusted earnings per share increased from USD 0.50 in the comparable quarter to USD 0.95, according to MarketBeat. Tenaris manufactures steel tubular products and related services for energy and industrial customers, with operations across 16 countries, according to its company investor page.
Upcoming results dates
Tenaris lists November 4, 2026, for its third-quarter results and November 5, 2026, for the related conference call on its investor page. Those dates give investors the next formal checkpoint for the balance between energy-services demand, shipments and margins.
Stock context for investors
Tenaris had a USD 31.2 billion market capitalization, a USD 34.15 to USD 64.60 52-week range and a 15.55 price-to-earnings ratio as of October 15, 2026, according to MarketBeat. The company is listed on the NYSE under TS, while its investor materials also identify Mexico and Italy listings.
The stock was trading at EUR 51.25 at Lang & Schwarz on October 16, 2026, at 10:06 a.m. CEST.
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 16, 2026, 10:06 a.m. CEST): EUR 51.25
- Market capitalization: USD 31.2 billion (as of October 15, 2026)
- 52-week range: USD 34.15-64.60 (as of October 15, 2026)
- Sector / Industry: Industrials / steel tubular products
Market context: Market report S&P 500.
