Tenaris stock: Morgan Stanley lifts target for Tenaris stock to USD 62.00

Published on 10/21/2026 at 17:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley targets USD 62.00 after USD 60.00 on October 14, 2026 and keeps Equal Weight. Tenaris stock costs EUR 52.50 on October 21, 2026.

Analyst target and quarterly results

Morgan Stanley raised its Tenaris target from USD 60.00 to USD 62.00 on October 14, 2026.
Second-quarter 2026 revenue reached USD 2.97 billion, down 3.90 percent year over year.
Tenaris stock costs EUR 52.50 at Lang & Schwarz on October 21, 2026 at 5:12 p.m. CEST.
Tenaris plans to report third-quarter 2026 results on November 4, 2026.

TS, US88031M1099, Illustration mit AI erstellt.

Tenaris (ISIN US88031M1099) has a new Morgan Stanley target of USD 62.00, raised from USD 60.00 on October 14, 2026, while the firm kept an Equal Weight rating, according to Markets Insider. The stock was trading at EUR 52.50 at Lang & Schwarz on October 21, 2026 at 5:12 p.m. CEST.

Target rises as energy demand stays mixed

Morgan Stanley's target is USD 3.22, or 5.48 percent, above Tenaris's NYSE price of USD 58.78 at 11:22 a.m. ET on October 21, 2026. The firm cited weaker energy-services conditions in the third quarter but also pointed to early signs of improvement and continuing headwinds, according to Markets Insider.

Second-quarter revenue fell 3.90 percent

Tenaris reported USD 2.97 billion of revenue in the second quarter of 2026, compared with USD 2.93 billion expected, while adjusted earnings per share reached USD 0.95 against a USD 0.79 consensus. Revenue declined 3.90 percent from the same quarter a year earlier. MarketBeat reported the figures on October 15, 2026.

NYSE range puts the target in perspective

Tenaris traded between USD 35.07 and USD 64.60 over the 52 weeks to October 21, 2026. Its USD 58.78 NYSE price was 9.01 percent below the yearly high, while the market capitalization was USD 31.5 billion and the price-to-earnings ratio was 15.82.

Results date arrives in November

Tenaris's investor-relations calendar lists November 4, 2026 for its third-quarter 2026 results and November 5, 2026 for the related conference call, both at the times shown by Tenaris. The company manufactures seamless and welded steel pipes and related services for energy and industrial customers across more than 30 countries.

Comparison with peers

Tenaris: up 0.75 percent on the NYSE on October 21, 2026, price-to-earnings ratio 15.82, market capitalization USD 31.5 billion.

Halliburton: up 0.10 percent on the NYSE on October 21, 2026, price-to-earnings ratio 14.07, market capitalization USD 28.0 billion.

TechnipFMC: up 1.39 percent on the NYSE on October 21, 2026, price-to-earnings ratio 24.27, market capitalization USD 27.4 billion.

Tenaris stock stays below its yearly high

The combination of a USD 62.00 Morgan Stanley target, a 15.82 price-to-earnings ratio and a 3.90 percent second-quarter revenue decline leaves the next results release as the next dated test for the stock. Tenaris was trading at EUR 52.50 at Lang & Schwarz on October 21, 2026 at 5:12 p.m. CEST.

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