BofA raised target to USD 71 for Tenaris stock
Published on 10/22/2026 at 09:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and company dates
- BofA raised its Tenaris target to USD 71.00 on October 5, 2026.
- Second-quarter 2026 revenue was USD 2.97 billion and net income was USD 477.14 million.
- Tenaris stock traded at EUR 52.25 at 9:18 a.m. CEST at Lang & Schwarz on October 22, 2026.
- Tenaris is scheduled to report third-quarter 2026 results on November 4, 2026.
Tenaris S.A. (ISIN US88031M1099) traded at EUR 52.25 at Lang & Schwarz on October 22, 2026 at 9:18 a.m. CEST. The latest analyst catalyst came on October 5, 2026, when BofA Securities raised its target from USD 66.00 to USD 71.00 while maintaining a Buy rating, according to Investing.com.
Target increase meets softer results
The target change puts the emphasis on Tenaris's North American pricing and offshore volumes. BofA also forecast U.S. seamless tube prices to rise 11 percent into 2027 from third-quarter 2026 levels and raised its fiscal year 2027 earnings before interest, taxes, depreciation and amortization estimate by 12 percent, Investing.com reported on October 5, 2026.
The operating backdrop is less uniform. Tenaris reported USD 2.97 billion of revenue and USD 477.14 million of net income for the second quarter of 2026, with a 16.08 percent profit margin, according to Yahoo Finance. Revenue was down 3.90 percent from the second quarter of 2025, while net income fell 10.00 percent, making pricing and shipment trends central to the target case.
What does the target mean for margins?
The answer depends on whether stronger U.S. prices offset weaker shipments and raw-material pressure. Tenaris said second-half 2026 sales were expected to remain in line with the first half despite lower Middle East shipments and higher raw-material costs, as summarized by Simply Wall St on October 6, 2026.
Three events define the current picture
On May 8, 2026, Tenaris announced an agreement to acquire 100 percent of Artrom Steel Tubes for an aggregate purchase price that was not stated on the investor page. On August 5, 2026, it released second-quarter revenue of USD 2.97 billion. On October 5, 2026, BofA set the USD 71.00 target after a USD 66.00 target, according to Investing.com.
Upcoming results and dividend date
Tenaris is scheduled to report third-quarter 2026 results on November 4, 2026. The ex-dividend date for its European and Mexican securities is November 23, 2026, according to Yahoo Finance.
Price and valuation context
The primary listing is on the NYSE, where the latest quoted value was USD 58.67 on October 21, 2026 at 4:00 p.m. ET. Tenaris had a USD 31.5 billion market capitalization and a USD 35.07 to USD 64.60 52-week range on that date. The company operates in energy equipment and services, supplying steel pipe products and related services to energy and industrial customers.
Tenaris was trading at EUR 52.25 at Lang & Schwarz on October 22, 2026 at 9:18 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 22, 2026, 9:18 a.m. CEST): EUR 52.25
- Sector / Industry: Energy / Oil and Gas Equipment and Services
- Market capitalization: USD 31.5 billion (as of October 21, 2026)
- 52-week range: USD 35.07-64.60 (as of October 21, 2026)
- Next earnings date: November 4, 2026
Market context: Market report S&P 500.
