Deutsche Bank raises target for Amadeus IT Group stock

Published on 10/05/2026 at 09:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The new target is EUR 71.50, up from EUR 58.00. Amadeus IT Group stock costs EUR 53.16 on October 5, 2026 versus EUR 52.97.

High-contrast black and white documentary photograph of busy airline check-in hall, uniformed agents at long counter row, passengers with luggage queuing — Amadeus IT Group ES0109067019 black and white reportage photo airline check-in counter agents, Illustration mit AI erstellt.

Amadeus IT Group (ISIN ES0109067019) was trading at EUR 53.16 at Lang & Schwarz on October 5, 2026 at 9:40 a.m. CEST, up 0.36 percent versus the prior close of EUR 52.97. According to Yahoo Finance on September 16, 2026, Deutsche Bank upgraded the stock to Buy from Hold and raised its price target to EUR 71.50 from EUR 58.00. The upgrade puts valuation and Amadeus's ability to defend its travel technology platform against artificial intelligence disruption at the center of the investment debate.

Deutsche Bank sees AI resilience

Deutsche Bank's case rests on the view that Amadeus remains essential infrastructure for travel search, booking, fulfillment and servicing, even as AI agents change how customers begin their journeys. The bank also raised its 2027 and 2028 earnings per share estimates by 1 percent while leaving its 2026 estimates broadly unchanged, according to Yahoo Finance.

The counterweight is execution risk. The same analysis cited weaker air travel, faster direct connectivity and lower revenue per booking as risks, while its bear case estimated a 5.00 percent impact on 2028 earnings per share compared with its base case.

First-half revenue reached EUR 3.335 billion

Amadeus reported EUR 3.335 billion of revenue in the first half of 2026, representing 5.00 percent growth at constant currency and 2.00 percent reported growth. Adjusted EBIT reached EUR 1.012 billion, up 5.00 percent at constant currency and 4.00 percent on a reported basis, while adjusted diluted earnings per share increased 7.00 percent, according to the company's first-half earnings call carried by Yahoo Finance.

Growth was uneven across the business. Air IT solutions revenue rose 8.70 percent at constant currency in the first half of 2026, while hospitality and other solutions increased 9.20 percent; air distribution grew 1.10 percent. That mix matters because diversification can cushion weaker booking volumes, but it also leaves the group exposed to travel demand and the pace of airline technology adoption.

Stock remains below its yearly high

Amadeus IT Group trades on BME under ticker AMS and is included in the IBEX 35, according to Global Banking and Finance. Its 52-week range was EUR 46.21 to EUR 69.30 as of October 5, 2026, leaving the Lang & Schwarz price EUR 16.14 below the high and EUR 6.95 above the low. Market capitalization was EUR 22.8 billion on the same date.

For investors, the key contrast is clear: first-half adjusted EBIT and earnings per share advanced, while the revised travel outlook keeps air distribution under scrutiny. The Deutsche Bank target of EUR 71.50 is above the current euro quote, but the thesis depends on Amadeus converting its AI partnerships and customer implementations into durable revenue growth.

Amadeus IT Group stock at EUR 53.16

Amadeus IT Group was trading at EUR 53.16 at Lang & Schwarz on October 5, 2026 at 9:40 a.m. CEST, up 0.36 percent versus the Lang & Schwarz prior close of EUR 52.97 on October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of Amadeus IT Group stock.