Morgan Stanley raises target for Tenaris stock from USD 60.00 to USD 62.00

Published on 10/15/2026 at 10:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley raised its target from USD 60.00 to USD 62.00 on October 14, 2026. Tenaris stock costs EUR 51.50 on October 15, 2026 during trading.

Analyst target and operating figures

Morgan Stanley raised its Tenaris target to USD 62.00 on October 14, 2026.
Second-quarter revenue reached USD 2.97 billion versus USD 3.09 billion a year earlier.
Tenaris stock traded at EUR 51.50 at 10:32 a.m. CEST at Lang & Schwarz on October 15, 2026.

TS, US88031M1099, Illustration mit AI erstellt.

Tenaris (ISIN US88031M1099) became the subject of a fresh analyst target increase when Morgan Stanley raised its price target from USD 60.00 to USD 62.00 on October 14, 2026, while retaining an Equal Weight rating, as Markets Insider reported. The adjustment puts analyst attention on a balance between weaker energy-services conditions and possible improvement ahead.

Second-quarter earnings set the base

Tenaris reported USD 2.97 billion in revenue for the second quarter of 2026 and USD 0.95 in earnings per share, according to MarketBeat. Revenue was down 3.90 percent from USD 3.09 billion a year earlier, but earnings per share exceeded the USD 0.79 consensus by USD 0.16.

The company describes its operations as steel pipe manufacturing and related services for energy and industrial customers. Its investor page reports USD 12 billion in annual net sales for fiscal year 2025 and 25,000 employees, while the latest interim figures show net income of USD 492.1 million for the second quarter of 2026, according to Tenaris.

What do the targets mean for margins?

The target increase does not erase the operating counterweight. The second-quarter revenue decline of 3.90 percent contrasts with the earnings-per-share result of USD 0.95 against USD 0.79 expected, leaving margin resilience central to the analyst view.

Three recent milestones

On August 5, 2026, Tenaris reported second-quarter revenue of USD 2.97 billion and earnings per share of USD 0.95, according to MarketBeat. On October 5, 2026, Bank of America raised its target from USD 66.00 to USD 71.00 and kept a Buy rating, as the same report stated.

On October 14, 2026, Morgan Stanley raised its target from USD 60.00 to USD 62.00 and kept its Equal Weight rating, according to Markets Insider.

Next reporting dates are set

Tenaris lists November 4, 2026, for its 2026 third-quarter results and November 5, 2026, for the related conference call on its investor-relations page. Those dates provide the next scheduled tests for revenue, earnings and the outlook.

Stock trades in the German session

Tenaris stock was trading at EUR 51.50 at Lang & Schwarz on October 15, 2026, at 10:32 a.m. CEST. The NYSE-listed ADR had a USD 31.2 billion market capitalization in the October 15, 2026 market context, while the primary listing and ticker are identified as NYSE and TS.

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