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Tenaris SA (TS) does not present a compelling buy opportunity for a beginner investor with a long-term strategy at this time. While the technical indicators show a bullish trend, the lack of strong positive catalysts, mixed analyst ratings, and limited upside potential in the short term suggest holding off on making an investment.
The stock is showing bullish momentum with MACD above 0 and positively contracting, RSI in the neutral zone at 57.339, and moving averages in a bullish alignment (SMA_5 > SMA_20 > SMA_200). The current price of $47.985 is near the resistance level of R1 ($48.225), which could act as a short-term barrier.

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 improved by 3.09% YoY in Q3 2025, and EPS grew by 7.50% YoY.
Analyst ratings are mixed, with some maintaining Neutral or Underweight ratings. The stock has a 60% chance of declining by -1.37% in the next day, -2.53% in the next week, and -14.65% in the next month. No recent news or congress trading data to act as a catalyst. Net income dropped slightly by -0.53% YoY in Q3 2025.
In Q3 2025, revenue increased by 2.15% YoY to $2.978 billion, and EPS grew by 7.50% YoY to 0.43. However, net income declined slightly by -0.53% YoY to $445.694 million. Gross margin improved to 34.65%, up 3.09% YoY.
Analysts are divided on the stock. Oddo BHF upgraded it to Outperform with a price target of EUR 18.60. TD Cowen raised its price target to $48 and maintained a Buy rating. However, Morgan Stanley and Goldman Sachs have Neutral or Underweight ratings, citing limited near-term catalysts and concerns about U.S. shale exposure.