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.

Banco Santander, S.A. (SAN) Is A European Bank That's Not A Loser, Says Jim Cramer

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.

While we acknowledge the potential of SAN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SAN and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.