
Tenaris S.A. (TS) Stock Forecast & Price Target
Tenaris S.A. (TS) Analyst Ratings
Bulls say
The substantial increase in OCTG imports, which rose by 70% in the first half of 2025 compared to the previous half, indicates a strong demand for these products in the market. Tenaris's strategic exposure in Argentina and Suriname is creating a robust backlog for 2026, reflecting confidence in future revenue streams. Additionally, the anticipated inflection in OCTG pricing, driven by an improved supply and demand balance, bolsters the positive outlook for Tenaris's earnings potential moving forward.
Bears say
The financial outlook for Tenaris appears negative due to its recent underperformance relative to peers, leading to only muted earnings revisions over the past few months. Specifically, EBITDA estimates for 2025 and 2026 have shown little to no growth, with forecasts indicating stagnation or slight declines. Additionally, the flattening of steel prices, which are critical inputs for oil country tubular goods, raises concerns about the sustainability of profit margins moving forward.
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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