Amplifon stock: Bernstein keeps EUR 11.10 target for Amplifon stock

Published on 10/20/2026 at 15:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit EUR 1.19 billion, up 1.30 percent in first-half 2026. Amplifon stock costs EUR 12.62 on October 20, 2026, up 0.56 percent in Milan.

Analyst target and reporting date

Bernstein maintained a Hold rating and a EUR 11.10 target on October 16, 2026.
First-half revenue reached EUR 1.19 billion, up 1.30 percent at constant exchange rates.
Amplifon stock costs EUR 12.62 at Lang & Schwarz on October 20, 2026 at 3:33 p.m. CEST, 0.56 percent above the Borsa Italiana close of October 19, 2026.
Amplifon is scheduled to publish third-quarter and nine-month results on October 29, 2026.

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Bernstein maintained its Hold rating on Amplifon and set a EUR 11.10 price target in a report dated October 16, 2026, according to Markets Insider. The target is 13.69 percent below the EUR 12.62 price at Lang & Schwarz on October 20, 2026 at 3:33 p.m. CEST, which was 0.56 percent above the Borsa Italiana close of October 19, 2026 at EUR 12.55.

First-half growth sets the operating backdrop

Amplifon's first-half 2026 revenue reached EUR 1.19 billion, rising 1.30 percent at constant exchange rates. Second-quarter organic growth reached 4.70 percent, while the adjusted EBITDA margin rose to 25.80 percent, according to Capital.com.

Adjusted EBITDA reached EUR 298.00 million in the first half, up 3.60 percent year on year, while adjusted free cash flow increased 70.00 percent to EUR 68.00 million. Reported profitability included one-off costs linked to the proposed GN Hearing acquisition and restructuring.

Stock remains below its yearly high

The EUR 12.62 Lang & Schwarz price stood within the 52-week range of EUR 7.84 to EUR 15.84 as of October 20, 2026. It was 20.33 percent below the high and 60.97 percent above the low. The AMP.MI quote showed a volume of 244,948 shares at 3:20 p.m. CEST.

Results date and valuation matter

Amplifon is scheduled to publish its third-quarter and nine-month results on October 29, 2026, according to Capital.com. The company also has an extraordinary and ordinary shareholders meeting scheduled for October 29, 2026, according to Amplifon.

Amplifon's price-to-earnings ratio was 41.60 and its market capitalization was EUR 2.8 billion as of October 20, 2026. The valuation leaves the upcoming report as the next dated test for revenue growth and margin delivery.

Comparison with peers

Amplifon: up 0.56 percent, P/E 41.60, market capitalization EUR 2.8 billion.

Sonova Holding (SIX, CHF): down 0.93 percent, P/E 38.25, market capitalization CHF 16.4 billion.

Demant (Nasdaq Copenhagen, DKK): up 0.39 percent, P/E 46.93, market capitalization DKK 76.2 billion.

Target and price in perspective

Bernstein's EUR 11.10 target contrasts with the latest EUR 12.62 euro quote, while Amplifon's first-half figures show positive organic growth alongside acquisition-related costs. The next reporting date and the October 29 shareholder meeting are therefore the next scheduled company events.

The further course of trading is shown by the continuously updated real-time quote of Amplifon stock.