What is SAN stock price target for 2026?

WallStSmart's 12-month price target for Banco Santander SA ADR is $13.31, representing 9.1% upside from the current price of $12.20.

What is SAN stock forecast?

Banco Santander SA ADR forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

SAN

Banco Santander SA ADR

NYSE: SAN · FINANCIAL SERVICES · BANKS - DIVERSIFIED

$12.20

+1.79% today

Updated 2026-04-30

Market cap

$174.08B

P/E ratio

12.20

P/S ratio

3.72x

EPS (TTM)

$0.98

Dividend yield

2.02%

52W range

$7 – $13

Volume

13.5M

Market cap

$174.08B

P/E ratio

12.20

P/S ratio

3.72x

EPS (TTM)

$0.98

Dividend yield

2.02%

52W range

$7 – $13

Volume

13.5M

Banco Santander SA ADR (SAN) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$12.20

Consensus

$11.72

-3.90%

2030 Target

$65.04

+433.33%

DCF

—

Current price

$12.20

Analyst consensus

$11.72

-3.90%

2030 Target

$65.04

+433.33%

Intrinsic (DCF)

—

23 analysts:

6 Buy1 Hold1 Sell

Management guidance

CEO Ana Botín stated in March 2026 that Santander is 'on track to meet 2026 targets' with net profit expected to exceed €14.1 billion in 2026. Management targets €20 billion+ in profit by 2028 with RoTE above 20%, implying mid-single-digit revenue growth through the forecast period. The Webster Financial $12.3B acquisition is expected to contribute meaningfully to 2026-2028 revenue and profit expansion.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$108.40

$78.6B Rev × 20x P/S

Base case (2030)

$65.04

$78.6B Rev × 12x P/S

Bear case (2030)

$43.36

$78.6B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$121.9B	$129.9B	$119.9B	$62.7B	$66.2B	$70.1B	$74.2B	$78.6B
Revenue growth	—	6.6%	-7.7%	33.8%	5.7%	5.8%	5.8%	5.9%
EPS	$0.71	$0.83	$1.05	$1.02	$1.19	$1.35	$1.52	$1.70
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$51.35	$54.77	$58.19	$61.61	$65.04

Catalysts & risks

Growth catalysts

+ Webster Financial acquisition integration ($12.3B deal) driving North American revenue growth starting 2026

+ AI initiatives targeting €1B+ in business value by 2028 supporting margin expansion and efficiency gains

+ Mid-single-digit revenue growth guidance from management with geographic diversification across Europe, Latin America, and North America

Key risks

- Market Financial Solutions Ltd collapse exposing regulatory and credit risk management concerns; ongoing securities fraud investigations

- European Central Bank rate cuts compressing net interest margins and pressure on deposit-sensitive revenue streams

- Geopolitical tensions and macroeconomic uncertainty potentially impacting Latin American operations and loan growth trajectories

Methodology

Banco Santander SA ADR's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 23 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.