Tubacex se la juega en Bolsa con el apoyo de los analistas

Tubacex is navigating a volatile market with the support of analysts, despite a 25% drop in 2026 and short-term doubts. The experts still see a 66% potential in the value of the stainless steel manufacturing company. The stock closed at 2.49 euros yesterday and has declined 25.3% so far in 2026, affected by the conflict in the Near East that makes up around 43% of its revenue.

After reporting a year-on-year profit decline of 95.8% in the first half of the year, largely due to US steel tariffs, the stock has been in a persistent downtrend, reaching its lowest levels since spring 2023 and giving up a key support level at 2.5 euros. Analysts have maintained their valuations, with most believing that despite the adverse geopolitical scenario, the fundamentals have not changed.

According to XTB, the stock is in key tactical zones presenting overbought conditions in its drops, which historically have brought good buying opportunities for medium and long-term investors, despite the risk of further correction from these levels. The Bloomberg consensus gives the value a median price target of 4.13 euros per share, representing a potential upside of 66% from current levels.

There are no sell recommendations, and 87.5% of the firms recommend buying Tubacex shares. JB Capital, one of the most optimistic, highlights that the group has redefined its value proposition, moving from being a raw materials specialist focused on volumes to a provider of value-added tubular solutions centered on long-term contracts, giving the value a price target of 4.40 euros per share, or 76% above yesterday's close.

The group continues to strengthen its position in sectors such as aerospace, nuclear, or defense, maintaining its plant in Abu Dhabi. Some investors have also moved their positions recently, with Voleon Capital reducing its position by 0.9%, while GSA Capital has reduced it by the same percentage.