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

Core Viewpoint - Banco Santander, S.A. (NYSE:SAN) is currently considered one of the best cheap stocks under $50, with multiple analysts raising their price targets following strong financial results for 2025 [1][2][3]. Group 1: Analyst Ratings - Morgan Stanley raised the price target for Banco Santander to EUR 12.10 from EUR 11.50, maintaining an Equal Weight rating [1]. - Citi increased its price target to EUR 12.50 from EUR 11.90, while keeping a Buy rating on the shares [1]. - Deutsche Bank also provided a bullish update, raising its price target to EUR 11.50 from EUR 9.80 and maintaining a Buy rating [2]. Group 2: Financial Performance - Banco Santander reported a record attributable profit of €14,101 million for the full year 2025, reflecting a 12% year-on-year increase (or +16% in constant euros) [3]. - The bank's total customer base reached 180 million, marking an addition of eight million customers during the year [3]. - Strong results were attributed to resilient net interest income, record fees, efficiency gains, and improved credit quality [3]. Group 3: Company Overview - Banco Santander operates as a retail and commercial bank, with segments across Continental Europe, the United Kingdom, Latin America, and the United States [4].