Deutsche Bank upgrades Amadeus IT stock to Buy

Published on 10/01/2026 at 14:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 5.00 percent to EUR 3.335 billion in first half. Amadeus IT stock costs EUR 53.03 on October 1, 2026, plus 2.67 percent versus EUR 51.65.

Photorealistic travel agent at curved desk with three monitors showing flight search, hotel bookings, and route maps, airport terminal visible through window — Amadeus IT Group ES0109067019 travel agency consultant at multi-screen workstation booking flights and hotels, Illustration mit AI erstellt.

Amadeus IT (ISIN ES0109067019) stock was trading at EUR 53.03 at Lang & Schwarz on October 1, 2026 at 2:41 p.m. CEST, plus 2.67 percent versus the prior close of EUR 51.65. Deutsche Bank upgraded Amadeus IT to Buy from Hold and lifted its price target from EUR 58.00 to EUR 71.50 on September 16, 2026, according to Investing.com.

Deutsche Bank raises valuation

The new EUR 71.50 target lies 34.83 percent above the Lang & Schwarz price of EUR 53.03. The upgrade gives the analyst view a clear numerical reference, but the target remains a research estimate rather than a trading outcome.

The same Investing.com report said 22 analysts collectively rated the stock at Accumulate and cited a consensus price target of EUR 68.45 on September 16, 2026. That consensus target lies 29.08 percent above the October 1 Lang & Schwarz price.

First-half revenue grows

Amadeus generated EUR 3.335 billion in revenue in the first half of 2026, representing 5.00 percent growth at constant currency and 2.00 percent reported growth, according to the Yahoo Finance transcript dated July 31, 2026.

Adjusted EBIT reached EUR 1,012 million in the first half, up 5.00 percent at constant currency, while adjusted diluted earnings per share increased 7.00 percent. The adjusted EBIT margin was 29.80 percent, unchanged from the prior year, showing that revenue growth did not require a lower reported margin.

Air bookings remain the risk

The first-half transcript also described a more cautious 2026 outlook after weaker air traffic affected bookings. Air distribution revenue growth was expected in a low to mid single-digit range, while the group revenue outlook was set at a mid to high single-digit range and free cash flow guidance at EUR 1.35 billion to EUR 1.45 billion.

This creates a balance between improving profitability and exposure to travel volumes. Air IT Solutions revenue grew 8.70 percent at constant currency in the first half, while hospitality and other solutions grew 9.20 percent, giving the group two faster-growing operating areas alongside the more cyclical air distribution business.

Stock stays below yearly high

At EUR 53.03, Amadeus IT was 23.48 percent below its 52-week high of EUR 69.30 and above its 52-week low of EUR 46.21 on October 1, 2026. The market capitalization was EUR 22.7 billion, while the daily move stood at plus 2.67 percent versus the Lang & Schwarz prior close of EUR 51.65.

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