Banco Santander stock forecast: Third-party price targets
Banco Santander is a Spain-based banking group listed on major European exchanges, with operations spanning retail and commercial banking, consumer finance and wealth management across multiple regions. Explore third-party SAN price targets and technical analysis.
Banco Santander, S.A. (SAN) is trading around €10.93 in early European dealings on 2 February 2026, with prices fluctuating between an intraday low of €10.64 and a high of €10.93 as of 2:09pm UTC. Past performance is not a reliable indicator of future results.
The move comes amid continued focus on the bank’s 2025 operating performance. Santander reported an attributable profit of €10.34 billion for the first nine months of 2025, up 11% year on year, with earnings per share rising 16% and the customer base reaching 178 million (Banco Santander, 29 October 2025). Broader European bank shares also remain a key reference point for sentiment, with the Euro Stoxx Banks sector closely watched by market participants as a barometer of regional financial conditions (STOXX, 14 January 2026).
Banco Santander stock forecast 2026–2030: Third-party price targets
As of 2 February 2026, third-party Banco Santander stock predictions generally sit within a high-single-digit to low-double-digit euro range over the next 12 months, based on external broker estimates. These targets typically reflect 12-month fair-value estimates and may change as new earnings data and macroeconomic developments emerge.
BofA Securities (target revision)
BofA Securities raised its 12-month SAN stock forecast to €11 from €9.20, while maintaining a Hold rating. The broker noted that the revised target reflects its view of valuation levels and improving trends in Brazil, while also highlighting sensitivity to funding costs linked to the SELIC rate and the bank’s consumer-focused loan exposure (Investing.com, 9 January 2026).
Barclays (rating update)
Barclays maintained a Buy rating on Banco Santander with a price target of €11.30. The assessment references valuation considerations and earnings dynamics within the context of broader sector reviews, as banks reassess eurozone interest-rate and growth assumptions (Yahoo Finance, 15 January 2026).
RBC Capital Markets (rating update)
RBC Capital Markets reiterated a Hold rating on Banco Santander with a price target of €8.50 in early January 2026. This comparatively lower target reflects a more cautious stance, with the broker pointing to valuation considerations and macroeconomic risks while continuing to track earnings performance across the group’s core markets (Yahoo Finance, 15 January 2026).
Predictions and third-party forecasts are inherently uncertain, as they cannot fully account for unexpected market developments. Past performance is not a reliable indicator of future results.
SAN stock price: Technical overview
The SAN stock price is trading around €10.93 as of 2:09pm UTC on 2 February 2026, holding above a rising cluster of moving averages. The 20-, 50-, 100- and 200-day simple moving averages are located near €10.49, €9.97, €9.35 and €8.33, respectively. The 20-day average remains above the 50-day measure, while the 14-day RSI near 67.7 sits in the upper end of the neutral range. The ADX around 24 suggests a developing trend that is not yet strongly established.
On the upside, initial resistance appears near the classic pivot resistance at €11.10 (R1). A sustained daily close above this level would bring the €11.43 area near R2 back into focus as the next technical reference. On pullbacks, initial support aligns with the classic pivot around €10.53, followed by the 100-day SMA near €9.35. A move below this zone could expose the S1 region near €10.21 (TradingView, 2 February 2026).
This technical analysis is provided for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument.
Banco Santander share price history (2024–2026)
SAN’s stock price has risen markedly over the past two years, moving from around €3.70 in early February 2024 to approximately €4.86 by early February 2025, before reaching about €10.93 on 2 February 2026. Over the past 12 months, the stock has increased from roughly €4.86 to €10.93, more than doubling as it trended higher through mid-2025 and accelerated into late 2025 and early 2026.
In the shorter term, price action shows a gradual advance rather than a straight-line move, with periods of consolidation and pullbacks into the €8–€9 range during autumn 2025 before moving into double-digit territory by December. As of early February 2026, Banco Santander trades near the upper end of its recent range, reflecting how the past two years have taken the price from low single digits to levels above €10 per share.
Past performance is not a reliable indicator of future results.
Banco Santander (SAN): Capital.com analyst view
Banco Santander’s share price has recorded a notable two-year rise, moving from low single-digit levels in early 2024 to trading above €10 per share by early February 2026. This performance has coincided with improving financial results and a broader reassessment of European banking stocks. The group reported an attributable profit of €10.34 billion for the first nine months of 2025, with return on tangible equity of 16.1% and earnings per share up 16% year on year, factors that have supported sentiment even as market participants remain attentive to interest-rate changes and global growth risks.
At the same time, the advance has unfolded alongside strong sector-level performance. The EURO STOXX Banks index posted its strongest annual gain on record in 2025, reflecting renewed interest in lenders with comparatively low valuations and improving earnings. Looking ahead, shifts in macroeconomic conditions, such as faster-than-expected interest-rate cuts or weaker credit trends, could affect bank valuations. Conversely, stable funding conditions, resilient economic activity and continued execution against strategic targets may remain supportive.
Capital.com’s client sentiment for Banco Santander CFDs
As of 2 February 2026, Capital.com client positioning in Banco Santander CFDs shows 91.6% buyers versus 8.4% sellers, indicating a pronounced skew towards long positions. This imbalance suggests that positioning is currently concentrated on the buy side rather than evenly distributed between bullish and bearish views. The data reflects open positions on the Capital.com platform at the time of reporting and may change.
Summary – Banco Santander 2026
- Banco Santander’s share price rose from low single-digit levels in early 2024 to trade above €10 by early February 2026, marking a strong multi-year advance.
- The stock moved higher through 2025, with interim pullbacks towards the €7–€8 area before entering and consolidating in double-digit territory towards the end of the year.
- The bank reported record nine-month 2025 results, including €10.34 billion in attributable profit and 16.1% return on tangible equity, contributing to constructive sentiment around the shares.
- From a technical perspective, prices continue to hold above rising 20-, 50-, 100- and 200-day moving averages, while momentum indicators suggest an established but not overstretched trend.
Past performance is not a reliable indicator of future results.
FAQ
Who owns the most Banco Santander stock?
Banco Santander has a broad, diversified shareholder base, with significant ownership held by institutional investors, pension funds and asset managers across Europe and the US. The Santander family, through various investment vehicles, also retains a long-standing stake, which has historically aligned management with shareholder interests. No single investor holds a controlling position, meaning the stock’s performance is generally influenced by institutional flows, earnings expectations and broader banking-sector sentiment.
What is the five-year Banco Santander share price forecast?
There is no single agreed five-year share SAN stock forecast, as long-term projections vary widely and depend heavily on underlying assumptions. Analysts typically focus on shorter-term 12-month targets, while longer-term outcomes are influenced by factors such as interest-rate cycles, economic growth, credit quality and capital returns. Regulatory changes and shifts in global banking conditions can also shape longer-term performance, making extended forecasts inherently uncertain rather than definitive.
Is Banco Santander a good stock to buy?
Whether Banco Santander is considered attractive depends on individual objectives, risk tolerance and market expectations. Some market participants focus on its scale, geographic diversification and recent earnings performance, while others highlight exposure to economic cycles and emerging-market risks. Banking shares can be sensitive to interest-rate movements and credit conditions, which may affect valuations. This information is provided for general context only and does not constitute investment advice or a recommendation.
Could Banco Santander stock go up or down?
Banco Santander’s share price can move higher or lower in response to a range of factors, including earnings results, changes in interest-rate expectations, macroeconomic data and broader financial-market conditions. Bank shares often react to developments in credit quality, funding costs and regulation. External events, such as economic slowdowns or periods of market volatility, can also influence sentiment. As with any listed equity, price movements are uncertain and can occur in either direction.
Should I invest in Banco Santander stock?
Deciding whether to invest in Banco Santander shares requires careful consideration of personal circumstances, financial objectives and risk appetite. Bank equities can offer exposure to economic growth and interest-rate trends but also involve risks linked to downturns, loan losses and regulatory change. Investors typically assess fundamentals, valuation metrics and wider market conditions before making decisions. This content is for informational purposes only and should not be interpreted as financial or investment advice.
Can I trade Banco Santander CFDs on Capital.com?
Yes, you can trade Banco Santander CFDs on Capital.com. Trading share CFDs lets you speculate on price movements without owning the underlying asset and to take long or short positions. However, contracts for difference (CFDs) are traded on margin, and leverage amplifies both profits and losses. You should ensure you understand how CFD trading works, assess your risk tolerance, and recognise that losses can occur quickly.