Air Liquide, FR0000120073

JPMorgan raises target for Air Liquide stock from EUR 162 to EUR 166

Published on 10/19/2026 at 10:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BEYOND targets 10.00 percent profit-per-share growth. Air Liquide stock costs EUR 172.52 on October 19, 2026 versus EUR 173.18 Xetra close.

Targets, strategy and calendar

JPMorgan lifted its Air Liquide target from EUR 162.00 to EUR 166.00 on October 15, 2026.
BEYOND sets a 400 to 600 basis point operating-margin improvement target through 2030.
Air Liquide stock trades at EUR 172.52 at 10:16 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.38 percent below the Xetra close of October 16, 2026.
Air Liquide plans to publish third-quarter revenue on October 29, 2026.

Schwarz-Weiß-Reportage eines Technikers an Gasleitungen und Manometern — Air Liquide S.A. Techniker inspiziert Hochdruck-Gasleitungen und Ventile im Werk, ISIN FR0000120073, Illustration mit AI erstellt.

Air Liquide (ISIN FR0000120073) was trading at EUR 172.52 at Lang & Schwarz on October 19, 2026 at 10:16 a.m. CEST, down 0.38 percent versus the Xetra close of October 16, 2026 at EUR 173.18. FinanzNachrichten.de reported on October 15 that JPMorgan raised its Air Liquide target from EUR 162.00 to EUR 166.00 while keeping a Neutral rating.

BEYOND sets four growth targets

Air Liquide presented its BEYOND plan on October 5, 2026. The company targets recurring net earnings-per-share growth of 10.00 percent, recurring return on capital employed above 11.00 percent in 2030, and sales growth of 5.00 percent plus or minus 1.00 percent through the period, according to Air Liquide.

The plan also calls for an operating-margin improvement of 400 to 600 basis points and more than EUR 40.00 billion of capital allocation through 2030. A EUR 4.00 billion share buyback is planned for 2027 and 2028. The targets give investors concrete milestones against which future results can be measured.

Three dated events shape the setup

On October 5, 2026, Air Liquide set a 10.00 percent recurring earnings-per-share growth target in BEYOND, according to Air Liquide. On October 6, it announced a EUR 2.00 billion multi-tranche bond issue, as stated in its company release. On October 15, JPMorgan raised its target to EUR 166.00 from EUR 162.00 while retaining Neutral, according to FinanzNachrichten.de.

What does the target mean?

JPMorgan's EUR 166.00 target is 3.78 percent below the Lang & Schwarz price, using the target and the EUR 172.52 quote. That cautious valuation sits against Air Liquide's longer-term plan for faster recurring earnings growth and higher margins, leaving execution and capital spending as the central tests.

Next reporting date

Air Liquide is scheduled to publish third-quarter 2026 revenue on October 29, 2026, according to Air Liquide. The release will provide the first operating checkpoint after BEYOND and before the planned buyback period.

Stock stays below the recent high

Air Liquide has a 52-week range of EUR 140.91 to EUR 189.76, placing the current quote below the upper end of that range. The stock's next test is whether the October 29 revenue update can support the strategic targets.

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