Deutsche Bank upgrades Amadeus IT stock to Buy at EUR 71.50

Published on 10/01/2026 at 16:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached EUR 3,335 million, up 2.00 percent reported. Amadeus IT stock costs EUR 52.42 on October 1, 2026 after EUR 51.65.

Wide-angle editorial photograph of ornate stock exchange trading floor, neoclassical domed interior, traders at workstations, large digital ticker screens showing index candlestick charts — Amadeus IT Group ES0109067019 editorial stock exchange trading floor IBEX index charts screens, Illustration mit AI erstellt.

Amadeus IT Group (ISIN ES0109067019) was at EUR 52.42 at Lang & Schwarz on October 1, 2026, up 1.49 percent versus the prior close of EUR 51.65. The latest analyst catalyst came on September 16, 2026, when Deutsche Bank upgraded the stock from Hold to Buy and raised its price target from EUR 58.00 to EUR 71.50, as Yahoo Finance reported. The move puts the broker's stated target EUR 19.08 above the Lang & Schwarz price.

Deutsche Bank tests the AI risk

Deutsche Bank's case rests on the view that artificial intelligence may change how travel demand begins without removing the need for supplier connectivity, fulfillment, servicing, corporate workflows and airline information technology. The broker also tested a harsher scenario in which AI reaches complex itineraries and mix protection fades, producing a 5.00 percent impact on 2028 earnings per share versus its base case, according to Yahoo Finance.

The rating change also came with higher 2027 and 2028 earnings-per-share estimates of 1.00 percent, while the 2026 estimates stayed broadly unchanged. For investors, the key issue is whether Amadeus can preserve its transaction-processing role as AI moves closer to booking execution.

First-half growth stays diversified

Amadeus reported EUR 3,335 million of revenue in the first half of 2026, representing 2.00 percent reported growth and 5.00 percent growth at constant currency. Adjusted EBIT reached EUR 1,012 million, up 4.00 percent on a reported basis, while adjusted diluted earnings per share increased 7.00 percent at constant currency, according to the company's first-half earnings call carried by Yahoo Finance on July 31, 2026.

The segment split explains the resilience. Air IT solutions revenue grew 8.70 percent at constant currency in the first half, while Hospitality and Other Solutions increased 9.20 percent. Air distribution revenue rose 1.10 percent, even as bookings declined 3.70 percent, leaving the diversified portfolio exposed to travel volumes but supported by higher revenue per booking.

Stock remains below its yearly high

Amadeus IT Group had a market capitalization of EUR 22.4 billion as of October 1, 2026. Its 52-week range was EUR 46.21 to EUR 69.30, placing the Lang & Schwarz price EUR 16.88 below the high and EUR 6.21 above the low. The BME listing trades under ticker AMS and belongs to the IBEX 35.

At Lang & Schwarz, Amadeus IT Group stood at EUR 52.42 on October 1, 2026 at 4:40 p.m. CEST, up 1.49 percent versus the prior close of EUR 51.65. The further course of trading is shown by the continuously updated real-time quote of Amadeus IT Group stock.