56/100BTenaris S A stock forecast 2026–2030
Analysts' average 12-month price target for Tenaris S A is 67.33, 14.4% above the current price of 58.85. Their targets range from 60.00 to 80.00.
Of the 6 firms that rated Tenaris S A in the past 12 months, 4 rate it buy or strong buy, 2 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 60.00 to 80.00, with an average of 67.33.
| Strong buy | 0 | |
| Buy | 4 | |
| Hold | 2 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 80.00 |
| Average target | 67.33 |
| Lowest target | 60.00 |
| Current price | 58.85 |
Tenaris S A price target history
Have analysts recently raised or lowered their Tenaris S A price target and rating?
How analysts rate Tenaris S A, month by month
4 of 6 firms rate it buy now, against 2 of 4 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Tenaris S A analyst upgrades, downgrades and price targets
The latest rating change came on 15 July 2026, when Morgan Stanley upgraded Tenaris S A from Underweight to Equal Weight. Its price target is 65.00, from 53.00. The most recent new target came from Morgan Stanley on 14 October 2026: 62.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 14 Oct 2026 | Morgan Stanley | Reiterated · Equal Weight | 60.00 → 62.00 | +3.3% | 58.54 |
| 20 Aug 2026 | Morgan Stanley Joe Laetsch | Reiterated · Equal Weight | 65.00 → 60.00 | -7.7% | 53.09 |
| 10 Aug 2026 | Barclays David Anderson | Reiterated · Overweight | 82.00 → 80.00 | -2.4% | 53.04 |
| 15 Jul 2026 | Morgan Stanley | Upgraded · Underweight → Equal Weight | 53.00 → 65.00 | +22.6% | 56.31 |
| 18 May 2026 | Piper Sandler | Reiterated · Neutral | 56.00 → 60.00 | +7.1% | 61.77 |
| 14 May 2026 | Morgan Stanley | — | 50.00 → 53.00 | +6.0% | 63.60 |
| 8 May 2026 | Barclays David Anderson | Reiterated · Overweight | 78.00 → 82.00 | +5.1% | 58.96 |
| 7 May 2026 | Barclays | — | 72.00 → 78.00 | +8.3% | 62.43 |
| 20 Apr 2026 | Barclays David Anderson | Reiterated · Overweight | 56.00 → 72.00 | +28.6% | 58.61 |
| 15 Apr 2026 | Morgan Stanley | Reiterated · Underweight | 38.00 → 50.00 | +31.6% | 58.92 |
| 15 Apr 2026 | Piper Sandler Derek Podhaizer | Reiterated · Neutral | 41.00 → 56.00 | +36.6% | 58.92 |
| 23 Feb 2026 | Goldman Sachs | — | 43.60 → 49.70 | +14.0% | 53.44 |
| 23 Feb 2026 | Stifel Nicolaus | Reiterated · Buy | 45.00 → 57.00 | +26.7% | 52.26 |
| 23 Feb 2026 | Barclays | — | 48.00 → 56.00 | +16.7% | 52.26 |
| 21 Jan 2026 | Morgan Stanley Joe Laetsch | — | 36.00 → 38.00 | +5.6% | 43.49 |
| 15 Dec 2025 | Morgan Stanley | — | 36.00 | — | 40.32 |
| 15 Dec 2025 | Goldman Sachs Michele Della Vigna | — | 43.60 | — | 40.40 |
| 12 Nov 2025 | Stifel Nicolaus Stephen Gengaro | Reiterated · Buy | 45.00 | — | 41.27 |
Tenaris S A EPS and revenue estimates
Analysts expect Tenaris S A's EPS to grow 6.4% a year until 2028.
Analysts expect Tenaris S A's revenue to grow 4.2% a year until 2028. Over the last 5 years it grew 18.4% a year, and over the last 3 years 0.6%.
Revenue
EPS
Does Tenaris S A beat earnings estimates?
On average, analysts' EPS estimate was 27.9% off the result, either way, and their revenue estimate 4.4%, over the last 12 quarters.
- EPS beats
- 62 / 96
- Revenue beats
- 47 / 73
- Average EPS surprise, last 12
- +21.3%
- Since
- May 2003
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 4 Nov 2026 | 0.81 | 1.01 | +24.7% | 3.03B | 3.10B | +2.3% |
| Q2 FY2026 | 5 Aug 2026 | 0.79 | 0.95 | +20.3% | 2.93B | 2.97B | +1.1% |
| Q1 FY2026 | 6 May 2026 | 0.87 | 1.07 | +23.0% | 3.03B | 3.10B | +2.2% |
| Q4 FY2025 | 18 Feb 2026 | 0.76 | 0.87 | +14.5% | 2.95B | 3.00B | +1.4% |
| Q3 FY2025 | 29 Oct 2025 | 0.75 | 0.85 | +13.3% | 2.95B | 2.96B | +0.5% |
| Q2 FY2025 | 30 Jul 2025 | 0.88 | 0.99 | +12.5% | 2.93B | 3.12B | +6.6% |
| Q1 FY2025 | 30 Apr 2025 | 0.80 | 0.94 | +17.5% | 2.87B | 2.92B | +1.8% |
| Q4 FY2024 | 19 Feb 2025 | 0.71 | 0.94 | +32.4% | 2.71B | 2.85B | +5.2% |
| Q3 FY2024 | 6 Nov 2024 | 0.63 | 0.81 | +28.6% | 2.80B | 2.92B | +4.0% |
| Q2 FY2024 | 31 Jul 2024 | 0.97 | 0.59 | -39.2% | 3.32B | 3.32B | +0.1% |
| Q1 FY2024 | 25 Apr 2024 | 1.04 | 1.27 | +22.1% | 2.95B | 3.44B | +16.6% |
| Q4 FY2023 | 21 Feb 2024 | 1.03 | 1.92 | +86.4% | 3.07B | 3.41B | +11.1% |
Tenaris S A stock price 2026–2030: scenarios
If Tenaris S A's earnings keep growing at the 7.0% a year analysts expect to FY2028, it would earn about 5.13 a share in FY2030. At the P/E it has traded at over the last five years (5.2 to 11.2) that is 26.75 to 57.49 a share, or 41.14 at its average P/E of 8.0. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 3.78 | 19.75 | 30.38 | 42.45 |
| FY2027 | 4.28 | 22.34 | 34.36 | 48.01 |
| FY2028 | 4.47 | 23.36 | 35.91 | 50.19 |
| FY2029 (extrapolated) | 4.79 | 25.00 | 38.44 | 53.71 |
| FY2030 (extrapolated) | 5.13 | 26.75 | 41.14 | 57.49 |
Each year's EPS is the analysts' consensus to FY2028; the years after continue its 7.0% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (5.2, 8.0, 11.2).
Is Tenaris S A stock undervalued or overvalued?
Tenaris S A's P/E of 12.2 is above the middle of its 5-year range (4.6 to 17.5, median 8.6). Analysts expect faster growth than in recent years, which can explain part of the high P/E. Fair value is not a reliable guide for Tenaris S A: its earnings swing (EPS fell 48.6% in FY2025), so its usual P/E would mislead. Its forward P/E, on the consensus for FY2026, is 15.5.
- Price to earnings ratio (TTM)
- 12.16
- Five-year median P/E
- 8.61
- Five-year P/E range
- 4.6 – 17.5
- Forward P/E (FY2026)
- 15.55
- PEG ratio
- 1.73
- To the average target
- +14.4%
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