tiprankstipranks
Trending News
More News >
Banco Santander SA (UK) (ES:SAN)
:SAN
Spanish Market
Advertisement

Banco Santander (SAN) Stock Forecast & Price Target

Compare
254 Followers
See the Price Targets and Ratings of:

SAN Analyst Ratings

Moderate Buy
12Ratings
Moderate Buy
8 Buy
4 Hold
0 Sell
Based on 12 analysts giving stock ratings to
Banco
Santander
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

SAN Stock 12 Month Forecast

Average Price Target

€7.65
▲(2.16% Upside)
Based on 12 Wall Street analysts offering 12 month price targets for Banco Santander in the last 3 months. The average price target is €7.65 with a high forecast of €8.45 and a low forecast of €7.00. The average price target represents a 2.16% change from the last price of €7.49.
{"navigator":{"disabled":true},"exporting":{"enabled":false},"title":{"text":null},"chart":{"height":200,"style":{"fontFamily":"Roboto Flex, -apple-system, BlinkMacSystemFont, Segoe UI, Roboto, Helvetica, Arial, sans-serif, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol","fontWeight":"400","color":"#5d5d5e"},"spacingTop":30,"spacingRight":60,"events":null},"yAxis":{"labels":{"style":{"color":"inherit"},"distance":6,"x":-6,"y":-6,"zIndex":1,"map_label_formatter":{"3":"€3","6":"€6","9":"€9","4.5":"€4.5","7.5":"€7.5"}},"plotLines":[{"color":"rgba(0,0,0,0)","value":8.4532327518,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":-10,"text":"<div  class=\"positionrelative hoverZ3 triangleleft-bottom flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#199ca5\">High </span>\n\n  <span style=\"color:#199ca5\">€8.45</span>\n  </div></div>","useHTML":true}},{"color":"rgba(0,0,0,0)","value":7.6520117001,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":0,"text":"<div  class=\"positionrelative hoverZ3 triangleleft flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#828080\">Average </span>\n\n  <span style=\"color:#828080\">€7.65</span>\n  </div></div>","useHTML":true}},{"color":"rgba(0,0,0,0)","value":7.0026650937,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":10,"text":"<div  class=\"positionrelative hoverZ3 triangleleft-top flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#912767\">Low </span>\n\n  <span style=\"color:#912767\">€7.00</span>\n  </div></div>","useHTML":true}}],"tickPositions":[3,4.5,6,7.5,9],"lineColor":"#dddddd","gridLineWidth":1,"gridLineColor":"#dddddd","lineWidth":1,"title":{"text":""}},"plotOptions":{"series":{"states":{"inactive":{"opacity":1}}},"line":{"animation":{"duration":0},"dataLabels":{"allowOverlap":true},"borderWidth":1,"marker":{"enabled":true,"fillColor":"#FFFFFF","radius":3,"lineWidth":2,"symbol":"circle","lineColor":"#828080"}}},"xAxis":{"labels":{"style":{"color":"inherit"},"rotation":0,"map_label_formatter":{"3":"Nov<br/>2024","6":"Feb<br/>2025","9":"May<br/>2025","12":"Aug<br/>2025","25":"Aug<br/>2026"}},"tickPositions":[3,6,9,12,25],"plotLines":[{"color":"#dddddd","width":1,"value":12},{"color":"#dddddd","width":1,"value":12}],"lineWidth":0,"gridLineWidth":1,"gridLineColor":"#dddddd","tickLength":0},"legend":{"symbolRadius":0,"symbolPadding":4,"symbolHeight":14,"borderWidth":0,"symbolWidth":14,"align":"left","verticalAlign":"bottom","enabled":false},"tooltip":{"backgroundColor":"rgba(0,0,0,0)","useHTML":true,"borderWidth":0,"borderColor":"rgba(0,0,0,0)","padding":0,"shadow":null,"headerFormat":"","footerFormat":"","pointFormat":"<div class=\"flexccc lineHeight2 bgwhite shadow2 px3 py3 radiismall fonth10_semibold\">\n                <span class=\"colorgray-3 mb4\">{point.date:%b %d ,%Y}</span>\n                <span>Analyst Consensus</span>\n                {point.info}\n          </div>\n           </div>"},"credits":{"enabled":false},"accessibility":{"description":""},"responsive":{"rules":[{"chartOptions":{"chart":{"spacing":[0,0,0,0],"margin":[30,60,40,5]},"xAxis":{"tickPositions":[3,12,25.25]},"yAxis":{"labels":{"enabled":false}},"title":{"text":null},"subtitle":{"text":null}},"condition":{"maxWidth":500}}]},"series":[{"lineWidth":2,"dashStyle":"ShortDash","name":"High","type":"line","color":"#199ca5","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,7.195,7.2917871347538465,7.388574269507693,7.485361404261539,7.582148539015384,7.678935673769231,7.775722808523077,7.872509943276923,7.9692970780307695,8.066084212784615,8.162871347538461,8.259658482292307,8.356445617046154,{"y":8.4532327518,"marker":{"fillColor":"#199ca5","lineColor":"#199ca5","enabled":true,"symbol":"circle"}}]},{"lineWidth":2,"dashStyle":"ShortDash","name":"Average","type":"line","color":"#828080","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,7.195,7.2301547461615385,7.265309492323077,7.300464238484616,7.335618984646154,7.370773730807692,7.405928476969231,7.44108322313077,7.476237969292308,7.511392715453846,7.5465474616153845,7.581702207776924,7.616856953938462,{"y":7.6520117001,"marker":{"fillColor":"#828080","lineColor":"#828080","enabled":true,"symbol":"circle"}}]},{"lineWidth":2,"dashStyle":"ShortDash","name":"Low","type":"line","color":"#912767","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,7.195,7.180205007207692,7.165410014415385,7.150615021623077,7.13582002883077,7.1210250360384615,7.106230043246154,7.091435050453846,7.076640057661539,7.061845064869231,7.047050072076924,7.0322550792846155,7.017460086492308,{"y":7.0026650937,"marker":{"fillColor":"#912767","lineColor":"#912767","enabled":true,"symbol":"circle"}}]},{"type":"line","data":[{"y":4.123,"date":1722470400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 11,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 6, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":4.335,"date":1725148800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 10,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 6, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":4.238,"date":1727740800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 15,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 5, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":4.548,"date":1730419200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 15,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 6, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":4.315,"date":1733011200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 20,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 8, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":4.403,"date":1735689600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 11,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 4, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":4.896,"date":1738368000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 20,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 5, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":6.137,"date":1740787200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 22,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 4, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":6.236,"date":1743465600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 23,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 4, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":6.182,"date":1746057600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 23,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 5, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":7.041,"date":1748736000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 20,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 5, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":6.965,"date":1751328000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 28,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 8, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":7.195,"date":1754006400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 18,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 6, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"fillColor":"black","lineColor":"black","enabled":true,"symbol":"circle"}},null,null,null,null,null,null,null,null,null,null,null,null],"color":"#0666a7"}]}
Highest Price Target€8.45Average Price Target€7.65Lowest Price Target€7.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Detailed List of Analyst Forecasts​
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
TipRanks Analyst forecast on ES:SAN
TipRanks AITipRanks
Not Ranked
TipRanks
€8.5
Buy
13.48%
Upside
Reiterated
07/10/25
Banco Santander's solid financial performance, coupled with positive earnings call sentiment and strong technical trends, contribute significantly to its overall score. The attractive valuation further enhances the investment case, despite some regional challenges. The stock's robust fundamentals and strategic initiatives position it well for future growth.
UBS
€8€8.45
Buy
12.82%
Upside
Reiterated
08/04/25
UBS Sticks to Their Buy Rating for Banco Santander (BNC)
Kepler Capital  Analyst forecast on ES:SAN
Jacques-Henri GaulardKepler Capital
Kepler Capital
€8.1€7.54
Hold
0.67%
Upside
Downgraded
08/01/25
Banco Santander (BNC) was downgraded to a Hold Rating at Kepler Capital
Barclays
€8.2€8.4
Buy
12.15%
Upside
Reiterated
07/31/25
Barclays Remains a Buy on Banco Santander (BNC)
J.P. Morgan Analyst forecast on ES:SAN
Kian AbouhosseinJ.P. Morgan
J.P. Morgan
€7.5
Hold
0.13%
Upside
Reiterated
07/30/25
Banco Santander (BNC) Gets a Hold from J.P. Morgan
DZ BANK AG Analyst forecast on ES:SAN
Unknown AnalystDZ BANK AG
Not Ranked
DZ BANK AG
Buy
Reiterated
07/30/25
Banco Santander (BNC) Receives a Buy from DZ BANK AG
RBC Capital Analyst forecast on ES:SAN
Benjamin TomsRBC Capital
RBC Capital
€7
Hold
-6.54%
Downside
Reiterated
07/28/25
Banco Santander (BNC) Receives a Hold from RBC Capital
Goldman Sachs Analyst forecast on ES:SAN
Chris HallamGoldman Sachs
Goldman Sachs
Buy
Reiterated
07/14/25
Banco Santander: Strong Financial Position and Growth Potential Drive Buy Rating
TR | OpenAI - 4o Analyst forecast on ES:SAN
Lila LedgerraTR | OpenAI - 4o
TR | OpenAI - 4o
€8€8.5
Buy
13.48%
Upside
Reiterated
07/10/25
Jefferies Analyst forecast on ES:SAN
Inigo VegaJefferies
Jefferies
€7.1
Buy
-5.21%
Downside
Reiterated
07/02/25
Jefferies Sticks to Its Buy Rating for Banco Santander (BNC)
Citi
€7.2
Buy
-3.87%
Downside
Assigned
07/02/25
Banco Santander (BNC) Gets a Buy from Citi
Bank of America Securities Analyst forecast on ES:SAN
Antonio RealeBank of America Securities
Bank of America Securities
€6.8€7.5
Hold
0.13%
Upside
Reiterated
06/24/25
Bank of America Securities Remains a Hold on Banco Santander (BNC)
Morgan Stanley Analyst forecast on ES:SAN
Alvaro SerranoMorgan Stanley
Morgan Stanley
€8€8.3
Buy
10.81%
Upside
Reiterated
05/21/25
Morgan Stanley Sticks to Its Buy Rating for Banco Santander (BNC)
Deutsche Bank
€7€7.5
Buy
0.13%
Upside
Reiterated
05/16/25
Banco Santander (BNC) Receives a Rating Update from a Top Analyst
KBW
€5.24€6.77
Buy
-9.61%
Downside
Upgraded
02/24/25
Banco Santander upgraded to Outperform from Market Perform at Keefe BruyetteBanco Santander upgraded to Outperform from Market Perform at Keefe Bruyette
Ranks
Any
Any
Analyst Rating
Any
Any
Upside/ Downside
Any
Any
Action
Any
Any
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
TipRanks Analyst forecast on ES:SAN
TipRanks AITipRanks
Not Ranked
TipRanks
€8.5
Buy
13.48%
Upside
Reiterated
07/10/25
Banco Santander's solid financial performance, coupled with positive earnings call sentiment and strong technical trends, contribute significantly to its overall score. The attractive valuation further enhances the investment case, despite some regional challenges. The stock's robust fundamentals and strategic initiatives position it well for future growth.
UBS
€8€8.45
Buy
12.82%
Upside
Reiterated
08/04/25
UBS Sticks to Their Buy Rating for Banco Santander (BNC)
Kepler Capital  Analyst forecast on ES:SAN
Jacques-Henri GaulardKepler Capital
Kepler Capital
€8.1€7.54
Hold
0.67%
Upside
Downgraded
08/01/25
Banco Santander (BNC) was downgraded to a Hold Rating at Kepler Capital
Barclays
€8.2€8.4
Buy
12.15%
Upside
Reiterated
07/31/25
Barclays Remains a Buy on Banco Santander (BNC)
J.P. Morgan Analyst forecast on ES:SAN
Kian AbouhosseinJ.P. Morgan
J.P. Morgan
€7.5
Hold
0.13%
Upside
Reiterated
07/30/25
Banco Santander (BNC) Gets a Hold from J.P. Morgan
DZ BANK AG Analyst forecast on ES:SAN
Unknown AnalystDZ BANK AG
Not Ranked
DZ BANK AG
Buy
Reiterated
07/30/25
Banco Santander (BNC) Receives a Buy from DZ BANK AG
RBC Capital Analyst forecast on ES:SAN
Benjamin TomsRBC Capital
RBC Capital
€7
Hold
-6.54%
Downside
Reiterated
07/28/25
Banco Santander (BNC) Receives a Hold from RBC Capital
Goldman Sachs Analyst forecast on ES:SAN
Chris HallamGoldman Sachs
Goldman Sachs
Buy
Reiterated
07/14/25
Banco Santander: Strong Financial Position and Growth Potential Drive Buy Rating
TR | OpenAI - 4o Analyst forecast on ES:SAN
Lila LedgerraTR | OpenAI - 4o
TR | OpenAI - 4o
€8€8.5
Buy
13.48%
Upside
Reiterated
07/10/25
Jefferies Analyst forecast on ES:SAN
Inigo VegaJefferies
Jefferies
€7.1
Buy
-5.21%
Downside
Reiterated
07/02/25
Jefferies Sticks to Its Buy Rating for Banco Santander (BNC)
Citi
€7.2
Buy
-3.87%
Downside
Assigned
07/02/25
Banco Santander (BNC) Gets a Buy from Citi
Bank of America Securities Analyst forecast on ES:SAN
Antonio RealeBank of America Securities
Bank of America Securities
€6.8€7.5
Hold
0.13%
Upside
Reiterated
06/24/25
Bank of America Securities Remains a Hold on Banco Santander (BNC)
Morgan Stanley Analyst forecast on ES:SAN
Alvaro SerranoMorgan Stanley
Morgan Stanley
€8€8.3
Buy
10.81%
Upside
Reiterated
05/21/25
Morgan Stanley Sticks to Its Buy Rating for Banco Santander (BNC)
Deutsche Bank
€7€7.5
Buy
0.13%
Upside
Reiterated
05/16/25
Banco Santander (BNC) Receives a Rating Update from a Top Analyst
KBW
€5.24€6.77
Buy
-9.61%
Downside
Upgraded
02/24/25
Banco Santander upgraded to Outperform from Market Perform at Keefe BruyetteBanco Santander upgraded to Outperform from Market Perform at Keefe Bruyette
Stocks with the Highest Top Analyst Consensus in the Financial Sector
Find stocks in the Financial sector that are highly recommended by Top Performing Analysts.

Best Analysts Covering Banco Santander

1 Month
xxx
Success Rate
17/23 ratings generated profit
74%
Average Return
+3.80%
reiterated a xxx
rating 24 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 73.91% of your transactions generating a profit, with an average return of +3.80% per trade.
3 Months
xxx
Success Rate
17/23 ratings generated profit
74%
Average Return
+7.21%
reiterated a xxx
rating 24 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 73.91% of your transactions generating a profit, with an average return of +7.21% per trade.
1 Year
Chris HallamGoldman Sachs
Success Rate
23/23 ratings generated profit
100%
Average Return
+36.07%
reiterated a buy rating 24 days ago
Copying Chris Hallam's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +36.07% per trade.
2 Years
xxx
Success Rate
23/23 ratings generated profit
100%
Average Return
+75.74%
reiterated a xxx
rating 24 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +75.74% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

SAN Analyst Recommendation Trends

Rating
Apr 25
May 25
Jun 25
Jul 25
Aug 25
Strong Buy
0
0
0
0
0
Buy
23
23
20
28
18
Hold
4
5
5
8
6
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
27
28
25
36
24
In the current month, SAN has received 18 Buy Ratings, 6 Hold Ratings, and 0 Sell Ratings. SAN average Analyst price target in the past 3 months is 7.65.
Each month's total comprises the sum of three months' worth of ratings.

SAN Financial Forecast

SAN Earnings Forecast

Next quarter’s earnings estimate for SAN is €0.21 with a range of €0.20 to €0.22. The previous quarter’s EPS was €0.22. SAN beat its EPS estimate 0.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 68.18% of the time in the same period. In the last calendar year SAN has Preformed in-line its overall industry.
Next quarter’s earnings estimate for SAN is €0.21 with a range of €0.20 to €0.22. The previous quarter’s EPS was €0.22. SAN beat its EPS estimate 0.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 68.18% of the time in the same period. In the last calendar year SAN has Preformed in-line its overall industry.

SAN Sales Forecast

Next quarter’s sales forecast for SAN is €15.24B with a range of €15.19B to €15.31B. The previous quarter’s sales results were €14.67B. SAN beat its sales estimates 0.00% of the time in past 12 months, while its overall industry beat sales estimates 89.74% of the time in the same period. In the last calendar year SAN has Preformed in-line its overall industry.
Next quarter’s sales forecast for SAN is €15.24B with a range of €15.19B to €15.31B. The previous quarter’s sales results were €14.67B. SAN beat its sales estimates 0.00% of the time in past 12 months, while its overall industry beat sales estimates 89.74% of the time in the same period. In the last calendar year SAN has Preformed in-line its overall industry.

SAN Stock Forecast FAQ

What is ES:SAN’s average 12-month price target, according to analysts?
Based on analyst ratings, Banco Santander SA (UK)’s 12-month average price target is 7.65.
    What is ES:SAN’s upside potential, based on the analysts’ average price target?
    Banco Santander SA (UK) has 2.16% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is Banco Santander SA (UK) a Buy, Sell or Hold?
          Banco Santander SA (UK) has a consensus rating of Moderate Buy, which is based on 8 buy ratings, 4 hold ratings and 0 sell ratings.
            What is Banco Santander SA (UK)’s share price target?
            The average share price target for Banco Santander SA (UK) is 7.65. This is based on 12 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst share price target is €8.45 ,and the lowest forecast is €7.00. The average share price target represents 2.16% Increase from the current price of €7.49.
              What do analysts say about Banco Santander SA (UK)?
              Banco Santander SA (UK)’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 12 Wall Streets Analysts.
                How can I buy shares of Banco Santander SA (UK)?
                To buy shares of ES:SAN, you can open a brokerage account. See exclusive account opening deals on our Best Online Brokers page.
                  What am I Missing?
                  Make informed decisions based on Top Analysts' activity
                  Know what industry insiders are buying
                  Get actionable alerts from top Wall Street Analysts
                  Find out before anyone else which stock is going to shoot up
                  Get powerful stock screeners & detailed portfolio analysis