In recent trading, Tenaris SA (Symbol: TS) saw its shares rise above the average 12-month target price of $42.27, reaching $42.41 per share. This increase raises questions among analysts regarding potential adjustments to their price targets, with suggestions ranging from a low of $18.83 to a high of $50.00, reflecting a standard deviation of $8.346.
Currently, the analyst consensus shows a rating breakdown of 7 Strong Buys, 6 Holds, and 1 Strong Sell, with an average rating of 2.09, where 1 is Strong Buy and 5 is Strong Sell. As the stock surpasses the analysts’ collective target, investors are encouraged to reassess their positions: whether to hold, buy further, or take profits.
