
Tenaris S.A. (TS) Stock Forecast & Price Target
Tenaris S.A. (TS) Analyst Ratings
Bulls say
Tenaris is positioned favorably due to an anticipated OCTG pricing inflection driven by an improved supply/demand balance in the market. The company's exposure to the Argentina and Suriname regions is expected to create a strong backlog for 2026, enhancing its future revenue potential. Additionally, a significant increase in import volumes in early 2025 highlights the demand for its premium products, particularly for challenging applications in the oil and gas sector.
Bears say
Tenaris has exhibited underperformance relative to its peers, with recent market results showing only marginal gains over the past month at +1% for Tenaris and -1% for a competitor, reflecting broader concerns about the company’s prospects. The flattening of steel prices, which are critical inputs for oil country tubular goods (OCTG), suggests a stagnant outlook for pricing, further complicating revenue growth potential. Additionally, muted earnings revisions for the upcoming years signal a lack of expected improvement, with 2025 and 2026 EBITDA estimates indicating little to no growth for Tenaris and its competitor.
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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