Morgan Stanley raises Tenaris stock target from USD 60 to USD 62

Published on 10/19/2026 at 09:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley lifted its Tenaris target from USD 60 to USD 62 on October 14, 2026. Tenaris stock trades at EUR 53.00 on October 19, 2026, with USD 62 as the new target.

Analyst targets and results

Morgan Stanley raised its Tenaris target from USD 60.00 to USD 62.00 on October 14, 2026.
Second-quarter revenue reached USD 2.97 billion, down 3.90 percent year over year.
Tenaris stock traded at EUR 53.00 at 9:00 a.m. CEST at Lang & Schwarz on October 19, 2026.
Tenaris is scheduled to publish third-quarter results on November 4, 2026.

TS, US88031M1099, Illustration mit AI erstellt.

Tenaris (ISIN US88031M1099) was assigned a higher Morgan Stanley price target of USD 62.00 from USD 60.00 on October 14, 2026, while the bank kept its Equal Weight rating. Markets Insider said the analyst saw early signs of improvement ahead but also identified emerging headwinds. The target change gives investors a fresh benchmark as the company approaches its next results date.

Three events shape the stock

Tenaris reported adjusted earnings of USD 0.95 per share for the second quarter on August 5, 2026, versus a consensus estimate of USD 0.79. Revenue was USD 2.97 billion, compared with USD 2.93 billion expected, but declined 3.90 percent from the prior-year quarter, according to MarketBeat.

On October 5, 2026, Bank of America raised its target for Tenaris from USD 66.00 to USD 71.00 and kept a Buy rating, citing higher U.S. pricing and offshore volumes, as reported by Markets Insider. Morgan Stanley followed on October 14, 2026, with the USD 60.00 to USD 62.00 increase.

What do the results mean for margins?

The second-quarter operating profit was USD 494.00 million and net income was USD 492.14 million, compared with USD 583.86 million and USD 564.16 million in the first quarter, respectively. Operating cash flow was USD 517.53 million in the second quarter, giving the analyst debate a measurable cash-flow and profitability backdrop. The company describes its business as steel pipes and related services for energy and industrial customers, with manufacturing operations across 16 countries, according to its investor-relations page.

Upcoming reporting dates

Tenaris lists November 4, 2026, for its 2026 third-quarter results and November 5, 2026, for the related conference call. Both dates appear in the company investor calendar at Tenaris. The dates matter because Morgan Stanley's October 14 assessment specifically referenced third-quarter energy-services performance.

Stock price and valuation context

Tenaris stock was trading at EUR 53.00 at Lang & Schwarz on October 19, 2026, at 9:00 a.m. CEST. The primary NYSE listing closed at USD 59.39 on October 16, 2026, and the reported 52-week range was USD 34.31 to USD 64.60. Market capitalization was USD 31.9 billion as of October 16, 2026.

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