Morgan Stanley Lifts PT on Banco Santander (SAN) to EUR 12.10 From EUR 11.50

Banco Santander, S.A. (NYSE:SAN) is one of the best cheap stocks under $50 to buy right now. Morgan Stanley lifted the price target on Banco Santander, S.A. (NYSE:SAN) to EUR 12.10 from EUR 11.50 on February 26, maintaining an Equal Weight rating on the shares. Citi also raised the price target on Banco Santander, S.A. (NYSE:SAN) to EUR 12.50 from EUR 11.90 on February 24 and maintained a Buy rating on the shares.

In addition to Morgan Stanley and Citi, Banco Santander, S.A. (NYSE:SAN) received another bullish rating update from Deutsche Bank on February 23. The firm raised the price target on the stock to EUR 11.50 from EUR 9.80 and maintained a Buy rating on the shares.

The positive rating updates came after Banco Santander, S.A. (NYSE:SAN) delivered record full-year 2025 results, reporting an attributable profit of €14,101 million in 2025, up 12% year-on-year (or +16% in constant euros), with total customers reaching 180 million for the first time after adding eight million customers in the year. Management attributed the strong results to resilient net interest income, record fees, and efficiency gains, with continued improvement in credit quality.

Banco Santander (NYSE:SAN) is a Spain-based company that operates as a retail and commercial bank. Its segments are scattered across Continental Europe, the United Kingdom, Latin America, and the United States.