Should I Buy TS? TS 2026 Analysis

Should You Buy Tenaris SA (TS) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

45.060

1 Day change

1.49%

52 Week Range

45.790

Analysis Updated At

2026/01/26

Tenaris SA is not a strong buy at the moment for a beginner long-term investor. While the stock has shown some positive technical indicators and hedge fund interest, the overbought RSI, mixed analyst ratings, and lack of strong near-term catalysts suggest a cautious approach. The financial performance is stable but not exceptional, and options data indicates bearish sentiment. Holding the stock or waiting for a better entry point is recommended.

Technical Analysis

The stock is currently in a bullish trend with MACD positive and expanding, and moving averages showing strength (SMA_5 > SMA_20 > SMA_200). However, the RSI at 80.943 indicates the stock is overbought, suggesting a potential pullback. Key resistance levels are at 44.652 and 45.95, with support at 42.551 and 40.45.

Options Data

Bearish

Open Interest Put-Call Ratio

Bearish

Option Volume Put-Call Ratio

Options data shows a bearish sentiment with a high put-call ratio in both open interest and volume, indicating more interest in protective or bearish positions.

Technical Summary

Sell

Buy

Positive Catalysts

Hedge funds are significantly increasing their positions in the stock, with a 357.08% increase in buying over the last quarter. The company's gross margin has improved YoY, and EPS has grown by 7.50%.

Neutral/Negative Catalysts

RSI indicates the stock is overbought, suggesting a potential pullback. Analyst ratings are mixed, with some firms maintaining Neutral or Underweight ratings. The stock has an 80% chance of declining 0.33% in the next day and 11.73% in the next month. Options data also reflects bearish sentiment.

Financial Performance

In Q3 2025, revenue increased by 2.15% YoY to $2.978 billion, while net income dropped slightly by 0.53% YoY to $445.694 million. EPS increased by 7.50% YoY to 0.43, and gross margin improved to 34.65%, up 3.09% YoY. Overall, financial performance is stable but not particularly strong.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Analyst ratings are mixed. TD Cowen raised the price target to $48 with a Buy rating, while Morgan Stanley and Goldman Sachs maintain Neutral or Underweight ratings, citing concerns about U.S. shale exposure and constrained North American spending. The average price target ranges from $36 to $48, with a general consensus of cautious optimism but no strong bullish sentiment.

6 Analyst Rating

Wall Street analysts forecast TS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TS is 43.43 USD with a low forecast of 36 USD and a high forecast of 48 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Buy

2 Hold

1 Sell

Moderate Buy

Current: 44.400

Low

Averages

43.43

High

Current: 44.400

Low

Averages

43.43

High

Morgan Stanley

Joe Laetsch

Underweight

maintain

$36 -> $38

AI Analysis

2026-01-21

Reason

Morgan Stanley

Joe Laetsch

Price Target

$36 -> $38

AI Analysis

2026-01-21

maintain

Underweight

Reason

Morgan Stanley analyst Joe Laetsch raised the firm's price target on Tenaris to $38 from $36 and keeps an Underweight rating on the shares. Heading into Q4 results, the firm's forecasts are roughly in-line with consensus for its energy services and equipment coverage overall on Q4 and 2026 EBITDA estimates, the analyst tells investors in a preview for the group.

TD Cowen

Marc Bianchi

Buy

maintain

$46 -> $48

2026-01-07

Reason

TD Cowen

Marc Bianchi

Price Target

$46 -> $48

2026-01-07

maintain

Buy

Reason

TD Cowen analyst Marc Bianchi raised the firm's price target on Tenaris to $48 from $46 and keeps a Buy rating on the shares. The firm adjusted targets in the oilfield services group as part of a Q4 preview. Many oilfield stocks have responded positively to the capture of Nicolas Maduro, anticipating increased oilfield investment in Venezuela, the analyst tells investors in a research note. However, TD thinks it will take a long time and require a lot of guarantees from the U.S. government for U.S. companies to commit capital. It says the stock rallies on the news may be overdone. However, many names in the group remain "cheap," the firm adds.

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TS Should I Buy

TS Should I Buy

Should You Buy Tenaris SA (TS) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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