35/100BBanco Santander SA stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Banco Santander SA is 3.00, 74.5% below the current price of 11.76. Their targets range from 3.00 to 3.00.
Of the 4 firms that rated Banco Santander SA in the past 12 months, 3 rate it buy or strong buy, 1 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 3.00 to 3.00, with an average of 3.00.
| Buy | 3 | |
| Hold | 1 | |
| Sell | 0 |
12-month price target
| Highest target | 3.00 |
| Average target | 3.00 |
| Lowest target | 3.00 |
| Current price | 11.76 |
How analysts rate Banco Santander SA, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
3 of 4 firms rate it buy now, against 1 of 1 in January 2026.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Banco Santander SA analyst upgrades, downgrades and price targets
The latest rating change came on 20 October 2026, when Jefferies downgraded Banco Santander SA from Buy to Hold.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 20 Oct 2026 | Jefferies | Downgraded · Buy → Hold | — | — | — |
| 23 Mar 2026 | Morgan Stanley | Upgraded · Equal Weight → Overweight | — | — | — |
| 23 Feb 2026 | RBC Capital Mkts | Upgraded · Sector Perform → Outperform | — | — | — |
| 13 Jan 2026 | Kepler | Upgraded · Hold → Buy | — | — | — |
Banco Santander SA EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Banco Santander SA's EPS to grow 18.7% a year until 2028.
Analysts expect Banco Santander SA's revenue to fall 15.4% a year until 2028. Over the last 5 years it grew 14.7% a year, and over the last 3 years it grew 11.3%.
Revenue
EPS
Does Banco Santander SA beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 7.2% off the result, either way, and their revenue estimate 4.3%, over the last 12 quarters.
- EPS beats
- 11 / 23
- Revenue beats
- 11 / 20
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +0.3%
- Since
- January 1997
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 28 Oct 2026 | 0.26 | 0.26 | 0.0% | 18.14B | 17.78B | -2.0% |
| Q2 FY2026 | 22 Jul 2026 | 0.29 | 0.27 | -6.9% | 17.90B | 17.92B | +0.1% |
| Q1 FY2026 | 29 Apr 2026 | 0.29 | 0.41 | +42.9% | 17.66B | 17.71B | +0.3% |
| Q4 FY2025 | 4 Feb 2026 | 0.25 | 0.25 | 0.0% | 18.45B | 19.01B | +3.0% |
| Q3 FY2025 | 29 Oct 2025 | 0.25 | 0.23 | -8.0% | 15.89B | 14.18B | -10.8% |
| Q2 FY2025 | 30 Jul 2025 | 0.26 | 0.22 | -15.4% | 15.25B | 16.88B | +10.6% |
| Q1 FY2025 | 30 Apr 2025 | 0.22 | 0.22 | 0.0% | 15.68B | 13.70B | -12.6% |
| Q4 FY2024 | 5 Feb 2025 | 0.21 | 0.21 | +1.7% | 15.53B | 16.37B | +5.5% |
| Q3 FY2024 | 29 Oct 2024 | 0.22 | 0.22 | 0.0% | 16.61B | 16.51B | -0.6% |
| Q2 FY2024 | 24 Jul 2024 | 0.22 | 0.22 | 0.0% | 16.76B | 16.33B | -2.6% |
| Q1 FY2024 | 30 Apr 2024 | 0.19 | 0.18 | -5.5% | 16.11B | 16.62B | +3.2% |
| Q4 FY2023 | 31 Jan 2024 | 0.19 | 0.18 | -5.6% | 15.83B | 15.84B | +0.1% |
Banco Santander SA stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Banco Santander SA's earnings grow at the 20.8% a year analysts expect to FY2028, then 15.0% a year, it would earn about 2.14 a share in FY2030. At the P/E it has traded at over the last five years (5.1 to 11.3) that is 10.94 to 24.33 a share, or 15.82 at its average P/E of 7.4. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 1.17 | 5.97 | 8.63 | 13.27 |
| FY2027 | 1.40 | 7.13 | 10.31 | 15.85 |
| FY2028 | 1.62 | 8.27 | 11.96 | 18.40 |
| FY2029 (extrapolated) | 1.86 | 9.51 | 13.76 | 21.15 |
| FY2030 (extrapolated) | 2.14 | 10.94 | 15.82 | 24.33 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 15.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (5.1, 7.4, 11.3).
Is Banco Santander SA stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Banco Santander SA's P/E of 9.8 is above the middle of its 5-year range (4.5 to 12.9, median 6.6). Analysts do not expect faster growth than in recent years, so it is expensive compared with its own history. At its usual P/E (7.4 × EPS of 1.20), Banco Santander SA's fair value is 8.90; the price, 11.76, is 32.1% above it. Its forward P/E, on the consensus for FY2026, is 10.0.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (5.3 and 12.9). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 9.76
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 6.58
- Five-year P/E range
- 4.5 – 12.9
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 10.05
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 0.47
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- -74.5%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 99.090 | 194.93146Price 99.09244 | +96.7% | |
| 42.225 | 82.9546Price 42.23165 | +96.4% | |
| 186.680 | 360.82271Price 186.68451 | +93.3% | |
| 213.670 | 405.57304Price 213.67507 | +89.8% | |
| 161.160 | 305.51157Price 161.16396 | +89.6% | |
| 160.650 | 300.09225Price 160.65375 | +86.8% | |
| 165.860 | 308.95212Price 165.86442 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.