Deutsche Bank raises target for Air Liquide stock to EUR 194
Published on 10/09/2026 at 12:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Deutsche Bank Research raised its Air Liquide target from EUR 192.00 to EUR 194.00 on October 8, 2026.
- Air Liquide's BEYOND plan targets a EUR 4.0 billion buyback and 10.00 percent recurring earnings-per-share growth through 2030.
- Air Liquide stock was at EUR 169.00 at Lang & Schwarz on October 9, 2026 at 12:33 p.m. CEST, minus 0.11 percent versus EUR 169.19.
- The next scheduled financial update is third-quarter 2026 revenue on October 29, 2026.
Deutsche Bank Research raised its target for Air Liquide stock from EUR 192.00 to EUR 194.00 on October 8, 2026, while maintaining a Buy rating, as reported by Goldesel. Air Liquide stock was trading at EUR 169.00 at Lang & Schwarz on October 9, 2026 at 12:33 p.m. CEST, minus 0.11 percent versus the prior close of EUR 169.19.
Three milestones carry figures
On July 28, 2026, Air Liquide reported first-half revenue of EUR 13.83 billion, up 0.80 percent on a reported basis, according to Capital.com. On October 5, 2026, the company launched BEYOND with a EUR 4.00 billion share buyback planned for 2027-2028, per Air Liquide. On October 8, 2026, Deutsche Bank lifted its target by EUR 2.00 to EUR 194.00, the Goldesel report said.
What does BEYOND mean for returns?
The plan targets recurring net earnings-per-share growth of 10.00 percent annually, with a tolerance of plus or minus 2.00 percentage points through 2030, according to Air Liquide. It also aims for operating-margin improvement of 400 to 600 basis points and recurring return on capital employed above 11.00 percent in 2030. For investors, the key issue is execution: the plan combines higher industrial investment with a defined cash-return program rather than relying on a single earnings measure.
Dates and operating context
The next scheduled financial update is third-quarter 2026 revenue on October 29, 2026, according to Capital.com. The announced buyback period runs through 2027-2028, while the BEYOND plan covers 2026-2030. First-half current operating income was EUR 2.89 billion and the operating margin was 20.90 percent, giving the strategy a profitability baseline.
Stock remains below its yearly high
Air Liquide stock stood at EUR 169.00 at Lang & Schwarz on October 9, 2026 at 12:33 p.m. CEST, down 0.11 percent from the EUR 169.19 prior close dated October 8, 2026. The 52-week range was EUR 140.78 to EUR 182.26, and market capitalization was EUR 107.6 billion as of October 9, 2026. The further course of trading is shown by the continuously updated real-time quote of Air Liquide stock.
Air Liquide stock facts
- Company: L'Air Liquide S.A.
- ISIN: FR0000120073
- Ticker: AI.PA
- Primary exchange: Euronext Paris
- Price Lang & Schwarz (as of October 9, 2026, 12:33 p.m. CEST): EUR 169.00
- Change versus prior close: minus 0.11 percent
- Prior close Lang & Schwarz (October 8, 2026): EUR 169.19
- Market capitalization: EUR 107.6 billion (as of October 9, 2026)
- 52-week range: EUR 140.78-EUR 182.26 (as of October 9, 2026)
- Sector / Industry: Materials / Industrial gases
- Index membership: CAC 40
- Next earnings date: October 29, 2026
Market context: Market report CAC 40.
