Amadeus IT Group stock weighs 5 percent H1 growth against AI risk

Published on 10/07/2026 at 13:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Amadeus IT Group stock reflects EUR 3.335 billion in H1 revenue and 2 percent reported growth. Adjusted EPS rose 7 percent, while consensus targets EUR 69.06.

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Amadeus IT Group (ISIN ES0109067019) was trading at EUR 52.14 on BME at 1:17 p.m. CEST on October 7, 2026, down 0.87 percent from the prior close. The latest company figures show EUR 3.335 billion in first-half 2026 revenue, with 5 percent growth at constant currency and 2 percent reported growth, according to Yahoo Finance in the H1 2026 earnings transcript.

H1 growth meets a volume test

Adjusted EBIT reached EUR 1.012 billion in the first half, up 5 percent at constant currency and 4 percent on a reported basis. Adjusted diluted EPS increased 7 percent at constant currency, while diluted EPS reached EUR 1.64, up 1 percent, according to Yahoo Finance.

Free cash flow totaled EUR 472 million in H1 2026, an increase of 1 percent. The contrast is in bookings: Air Distribution bookings fell 3.7 percent in the period, making volume recovery a key test for the next report.

AI risk shapes the valuation

On September 16, 2026, Deutsche Bank upgraded Amadeus from Hold to Buy and lifted its price target from EUR 58.00 to EUR 71.50. As Yahoo Finance reported, the bank argued that the market had priced excessive AI risk into the global distribution system business.

The counter-factor is structural pressure from AI agents, direct connectivity and alternative aggregators. Deutsche Bank also cited weaker global air travel and lower revenue per booking as downside risks, according to Investing.com.

Consensus target remains higher

The published analyst consensus carries a Buy rating from 22 analysts, with a median target of EUR 69.06 and a stated 27.80 percent distance above the prior close of EUR 54.04, according to MarketScreener. Measured against the October 7 price of EUR 52.14, that target lies 32.45 percent above the stock.

Amadeus is scheduled to publish its Q3 2026 results on November 6, 2026, according to MarketScreener. That release will show whether booking trends are improving alongside adjusted earnings.

Stock stays below its yearly high

Amadeus IT Group stock was trading at EUR 52.14 on BME on October 7, 2026. Its 52-week range was EUR 46.21 to EUR 69.30, and its market capitalization was EUR 22.4 billion.