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Banco Santander, S.A. Sponsored ADR (Spain)

SAN · NYSE

Analyst Consensus

Buy

8 analysts

$15

Current

—

Low

$16

Average

—

High

Average target implies +7.42% versus the current price.

Analyst Ratings Synthesis

Consensus is Buy across eight analysts, with a mean target of $15.78; the supplied consensus does not report low or high targets, so the formal target spread cannot be measured. The evidence does not identify which analyst is most or least bullish. Revisions were directionally positive in the available reports: RBC Capital raised its target to EUR13.50 from EUR12.75 on July 28, and Morgan Stanley raised its target to EUR13.80 from EUR13.50, with no date supplied. The substantive disagreement is visible in the range of reference points: the consensus mean is $15.78, Danelfin cites $14.22, and another source reports targets from $13.82 to $15.50.

Rating Actions

No individual rating actions have been captured for SANyet. Consensus figures above come from Nasdaq's aggregate feed.

Rating actions are extracted from published reporting. Each row links to its source.

Research Reports

Links to freely available third-party research. Outlook labels are our classification of each article's stance, not a rating of our own.

Covering Firms

B OF A GLBL RES

BARCLAYS CAPITA

CITIGROUP

EXANE BNP PARIB

GOLDMAN SACHS

HSBC GLOBAL RES

JP MORGAN SECUR

UBS

Symbol: SAN
Type: Stock
Sector: Finance
Industry: Commercial Banks, NEC
Exchange: NYSE

Banco Santander (SAN SM) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group's activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank's purpose is to help people and businesses prosper in a simple, personal and fair way. At the end of 2025, Banco Santander had 1.

Key Issues

Bullish view

The eight-analyst consensus is Buy with a mean target of $15.78 versus the $14.47 closing price, while RBC Capital and Morgan Stanley both raised targets in the supplied evidence.

Bearish view

Danelfin cites a $14.22 average ADR target, and another reference gives a recent target range of $13.82 to $15.50, showing that available valuation markers are not uniformly above the consensus mean.