
Tenaris S.A. (TS) Stock Forecast & Price Target
Tenaris S.A. (TS) Analyst Ratings
Bulls say
Tenaris is well-positioned for future growth due to its dominance in the production of premium oil country tubular goods, which are highly regarded within the industry for their reliability in challenging environments. The company's substantial backlog for 2026, driven by its operations in Argentina and Suriname, strengthens its revenue outlook amidst international market deceleration. Furthermore, the favorable supply/demand dynamics resulting in an anticipated pricing inflection for OCTG products enhances Tenaris's competitive position within the market, supporting a positive long-term trajectory.
Bears say
Tenaris's stock outlook is negatively influenced by its recent performance, which has seen it lag behind peers, evidenced by an increase of only 1% over the past month in comparison to a broader market that performed better. Additionally, the primary inputs for its oil country tubular goods (OCTG), namely steel prices, have stabilized with an expectation of a flat outlook, which could limit profit margins. Furthermore, earnings revisions for 2025 and 2026 have shown little to no growth, reflecting stagnant EBITDA estimates that contribute to the bearish sentiment surrounding the company.
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
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