Tenaris stock: Bank of America raises target to USD 71.00

Published on 10/20/2026 at 16:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 3.90 percent to USD 2.97 billion in second-quarter 2026. Tenaris stock costs EUR 51.50 on October 20, 2026 at 4:37 p.m. CEST.

Analyst target and results

Bank of America raised its Tenaris target from USD 66.00 to USD 71.00 on October 5, 2026.
Second-quarter 2026 revenue fell 3.90 percent to USD 2.97 billion.
Tenaris stock costs EUR 51.50 at Lang & Schwarz on October 20, 2026 at 4:37 p.m. CEST.

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Bank of America raised its price target for Tenaris from USD 66.00 to USD 71.00 on October 5, 2026, while keeping a Buy rating, according to Markets Insider. Tenaris stock was at EUR 51.50 at Lang & Schwarz on October 20, 2026 at 4:37 p.m. CEST.

Revenue fell in the second quarter

Tenaris reported second-quarter 2026 revenue of USD 2.97 billion, down 3.90 percent from the same quarter a year earlier. Adjusted earnings per share reached USD 0.95 against a consensus estimate of USD 0.79, according to MarketBeat.

The company's second-quarter 2026 net income was USD 492.14 million, while operating profit reached USD 494.00 million. Operating cash flow totaled USD 517.53 million for the period ended June 30, 2026.

Stock remains below its yearly high

On the NYSE, Tenaris last traded at USD 57.83 on October 20, 2026 at 10:49 a.m. ET. The quote stood 10.48 percent below the 52-week high of USD 64.60 and 68.52 percent above the 52-week low of USD 34.31. Trading volume was 256,687 shares at that time, and the market capitalization was USD 31.0 billion.

Targets and reporting dates

MarketBeat listed a Moderate Buy consensus from 10 analysts, split between five Buy ratings and five Hold ratings, with an average target of USD 63.96. The company investor page lists November 4, 2026 for third-quarter results and November 5, 2026 for the related conference call, according to Tenaris.

For investors, the key contrast is clear: the latest quarterly revenue declined, but the October analyst revisions still place the target above the NYSE quote. The company also expects its third-quarter and second-quarter revenue to be similar, while it sees stronger activity developing in the fourth quarter, as described in the Yahoo Finance transcript.

What the target signals

Bank of America's USD 71.00 target is USD 13.17 above the NYSE quote of USD 57.83, a 22.78 percent premium. That view sits alongside mixed recent research, including Morgan Stanley's October 14, 2026 target increase from USD 60.00 to USD 62.00.

Tenaris price and investor view

The euro quotation and the NYSE quotation reflect separate venues and currencies, so the target comparison belongs to the USD quote. The next scheduled company dates are November 4, 2026 and November 5, 2026.

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