BofA raised target for Tenaris stock to USD 71.00

Published on 10/13/2026 at 11:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA kept Buy as its target moved to USD 71.00 from USD 66.00 on October 5, 2026. Tenaris stock trades EUR 52.25 between EUR 51.00 and EUR 53.50.

Key points in brief

BofA raised its Tenaris target from USD 66.00 to USD 71.00 on October 5, 2026, while keeping a Buy rating.
Second-quarter 2026 revenue reached USD 2.97 billion, while net income was USD 492.00 million.
Tenaris stock was trading at EUR 52.25 at Lang & Schwarz on October 13, 2026 at 10:48 a.m. CEST.
The next results date is November 4, 2026, followed by a USD 1.18 interim dividend per ADR on November 25, 2026.

TS, US88031M1099, Illustration mit AI erstellt.

Tenaris (ISIN US88031M1099) was trading at EUR 52.25 at Lang & Schwarz on October 13, 2026 at 10:48 a.m. CEST, while Investing.com reported on October 5, 2026 that BofA Securities had raised its Tenaris target from USD 66.00 to USD 71.00 while maintaining a Buy rating. The target action gives the stock a fresh analyst reference as U.S. tube pricing and offshore volumes become more important to the outlook.

Three events shape the stock

On May 8, 2026, Tenaris announced an agreement to acquire the Artrom Steel Tubes plant in Romania. The company then reported second-quarter and first-half results on August 5, 2026, with second-quarter revenue of USD 2.97 billion and net income of USD 492.00 million, according to the Yahoo Finance transcript dated August 6, 2026. The October 5 BofA target increase is the latest of the three dated developments.

What does the target increase mean for margins

The second-quarter figures show both resilience and pressure. Revenue fell 4.00 percent year over year to USD 2.97 billion, while quarterly EBITDA declined 12.00 percent sequentially to USD 649.00 million, according to Yahoo Finance. Free cash flow reached USD 396.00 million, giving the company room to approve an interim dividend of USD 1.18 per ADR for payment on November 25, 2026.

The analyst case rests on a possible improvement in North American pricing and offshore activity, but the reported quarter also showed the cost of logistics disruption and lower fixed-cost absorption. The contrast matters: revenue declined 4.00 percent year over year, yet free cash flow remained positive at USD 396.00 million.

Key dates for the next move

Tenaris lists November 4, 2026 for its 2026 third-quarter results and November 5, 2026 for the related conference call. The next report will test whether the weaker second quarter was followed by the volume and pricing improvement described in management commentary.

Price and valuation context

Tenaris was trading at EUR 52.25 at Lang & Schwarz on October 13, 2026 at 10:48 a.m. CEST. The quote sat between a EUR 51.00 bid and a EUR 53.50 ask, while market capitalization stood at USD 31.1 billion as of October 12, 2026. The primary exchange is the NYSE, where the finance quote showed USD 58.05 on October 12, 2026; its 52-week range was USD 33.72 to USD 64.60.

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