
Tenaris S.A. (TS) Stock Forecast & Price Target
Tenaris S.A. (TS) Analyst Ratings
Bulls say
Tenaris is poised for a positive outlook due to its robust backlog driven by its strategic exposure in Argentina and Suriname, which positions the company well for sustained growth through 2026. The company is experiencing an improved supply/demand balance within the OCTG market, indicating a potential pricing inflection that could enhance its profitability. Additionally, Tenaris's strong stock buyback program is evidenced by quarter-to-date repurchases of $300 million, surpassing consensus expectations, which reflects confidence in its financial health and future performance.
Bears say
Tenaris has exhibited underperformance relative to its peers, with minimal earnings revisions observed for 2025 and 2026 EBITDA estimates, indicating a stagnant outlook. Market conditions have also shown a flattening of steel prices, which are critical inputs for oil country tubular goods (OCTG), leading to concerns about pricing pressure in the OCTG market. Furthermore, downside risks remain due to persistent unfavorable pricing indicators, tariffs, and subdued activity in the US land market.
This aggregate rating is based on analysts' research of Tenaris S.A. and is not a guaranteed prediction by Public.com or investment advice.
Tenaris S.A. (TS) Analyst Forecast & Price Prediction
Start investing in Tenaris S.A. (TS)
Order type
Buy in
Order amount
Est. shares
0 shares