Morgan Stanley lifts price target for Tenaris stock to USD 62.00

Published on 10/16/2026 at 15:09 | 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 16, 2026 at 3:03 p.m. CEST.

Analyst view and results date

Morgan Stanley lifted its Tenaris target to USD 62.00 from USD 60.00 on October 14, 2026.
Adjusted earnings per share reached USD 0.95 in the second quarter against USD 0.79 expected.
Tenaris stock costs EUR 51.75 at Lang & Schwarz on October 16, 2026 at 3:03 p.m. CEST.
Tenaris lists November 4, 2026 for its 2026 third-quarter results.

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Morgan Stanley lifted its price target for Tenaris from USD 60.00 to USD 62.00 on October 14, 2026, while keeping an Equal Weight rating, Markets Insider reported. The target stood 8.30 percent above Tenaris' USD 57.25 price on the NYSE on October 15, 2026. Tenaris was trading at EUR 51.75 at Lang & Schwarz on October 16, 2026 at 3:03 p.m. CEST.

Second-quarter results set the baseline

Tenaris generated USD 2.97 billion in revenue in the second quarter ended June 30, 2026, down 3.90 percent from the year-earlier period. Adjusted earnings per share reached USD 0.95, exceeding the USD 0.79 consensus estimate, while revenue topped the USD 2.93 billion consensus figure, according to MarketBeat on October 15, 2026. The figures give the analyst target a more demanding operating backdrop, because the revenue comparison was negative even as earnings beat expectations.

Price position remains below the yearly high

The NYSE quote was USD 57.25 on October 15, 2026 at 4:00 p.m. ET, down 1.58 percent from USD 58.17. The 52-week range was USD 34.15 to USD 64.60, placing the stock 11.38 percent below its high. Trading volume reached 1,144,091 shares against an average of 1,287,017 shares on the same date. In Germany, the Lang & Schwarz quote showed a EUR 50.50 bid and a EUR 53.00 ask alongside the current EUR price.

Valuation and the next reporting date

Tenaris had a market capitalization of USD 30.7 billion and a price-to-earnings ratio of 15.79 on October 15, 2026. The company makes steel pipes and related services for energy and industrial customers across a global manufacturing network. Its investor calendar lists November 4, 2026 for the 2026 third-quarter results and November 5, 2026 for the conference call, Tenaris states.

Comparison with peers

Tenaris (NYSE, USD): P/E 15.79, market capitalization USD 30.7 billion.
Vallourec (Euronext Paris, EUR): plus 2.37 percent, P/E 10.01, market capitalization EUR 4.9 billion.
SLB (NYSE, USD): minus 0.29 percent, P/E 23.60, market capitalization USD 71.8 billion.

The euro quote for investors

Tenaris' euro quotation sits below the analyst target when the two currencies are viewed separately, while the latest operating figures show both earnings resilience and weaker revenue. The next scheduled report on November 4, 2026 gives investors a dated point for testing that balance. Tenaris was trading at EUR 51.75 at Lang & Schwarz on October 16, 2026 at 3:03 p.m. CEST.

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