Tenaris stock: Morgan Stanley lifts target for Tenaris stock to USD 62.00

Published on 10/19/2026 at 17:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 2.97 billion on August 5, 2026. Tenaris stock costs EUR 51.75 on October 19, 2026 at 5:05 p.m. CEST.

Morgan Stanley updates its view

Morgan Stanley raised its Tenaris target to USD 62.00 on October 14, 2026.
Second-quarter revenue reached USD 2.97 billion, down 3.90 percent year over year, on August 5, 2026.
Tenaris stock costs EUR 51.75 at Lang & Schwarz on October 19, 2026 at 5:05 p.m. CEST.
Tenaris scheduled its third-quarter results for November 4, 2026.

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Tenaris stock is trading at EUR 51.75 at Lang & Schwarz on October 19, 2026 at 5:05 p.m. CEST, after the Xetra close. The strongest current valuation signal comes from Morgan Stanley, which raised its Tenaris target from USD 60.00 to USD 62.00 on October 14, 2026, according to Markets Insider.

Morgan Stanley target reaches USD 62.00

The new target stands 6.80 percent above Tenaris's USD 58.05 Nasdaq price at 11:14 a.m. ET on October 19, 2026. Morgan Stanley kept an Equal Weight rating and pointed to weaker energy services in the third quarter alongside possible improvement ahead.

Second-quarter revenue fell 3.90 percent

Tenaris reported USD 2.97 billion in second-quarter revenue and USD 477.14 million in net income for the period ended June 30, 2026. Revenue declined 3.90 percent from the year-earlier quarter, while adjusted earnings per share came to USD 0.95 against a USD 0.79 consensus estimate, according to MarketBeat. The revenue comparison gives the higher target a more demanding operating backdrop.

Price position on October 19

The USD 58.05 Nasdaq quote sat inside a 52-week range of USD 34.31 to USD 64.60. Tenaris therefore traded 10.14 percent below its 52-week high and 69.14 percent above its 52-week low. The same Nasdaq session showed 279,304 shares traded against an average volume of 1,292,435 shares.

Valuation and next date

Tenaris carried a market capitalization of USD 31.2 billion and a price-to-earnings ratio of 15.65 on October 19, 2026. Its investor-relations calendar lists third-quarter results for November 4, 2026 and the conference call for November 5, 2026, according to Tenaris.

Comparison with peers

Tenaris: P/E 15.65, market capitalization USD 31.2 billion.
Vallourec (Euronext Paris, EUR): minus 1.34 percent, P/E 9.95, market capitalization EUR 5.0 billion.
NOV (NYSE, USD): minus 1.22 percent, P/E 71.87, market capitalization USD 6.7 billion.

Euro price after the Xetra close

For investors in Germany, the euro quote gives Tenaris a separate trading perspective after the Xetra close. The primary Nasdaq quote was USD 58.05 at 11:14 a.m. ET on October 19, 2026, while the Lang & Schwarz quote was EUR 51.75 at 5:05 p.m. CEST.

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