Air Liquide consensus points to upside, shares backed by Buy ratings

Air Liquide enters the week with a predominantly Buy analyst consensus and mid?single?digit implied upside for the Paris?listed shares, according to recent estimates from major houses.

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-22, 15:27.

Air Liquide (FR0000120628) starts the new week with a clear analyst consensus on Euronext Paris. The gas specialist is rated predominantly Buy, with a double-digit number of positive recommendations and an average 12-month price target in the low-180-euro range, according to Investing.com.

What analysts currently expect

According to the consensus compiled by Investing.com, 20 analysts cover Air Liquide, of which 17 recommend buying the stock, 2 rate it Hold and 1 advises selling. The Investing.com consensus overview puts the average 12-month price target at around 181 euros, with individual targets ranging approximately from 153 to 200 euros.

Based on that average target, the implied upside for Air Liquide shares is close to 10 percent versus the latest consensus reference price, Investing.com notes. The site highlights a potential upside of just under 10 percent for the Paris-listed shares. The stock is a heavyweight in the CAC 40 and a reference name in the European industrial gases sector, alongside peers such as Linde and Air Products and Chemicals.

Recent broker views on the stock

Broker activity has remained steady in June, with several major houses reiterating constructive views on Air Liquide. MarketScreener cites a note from Deutsche Bank dated 18 June, in which the bank reaffirmed its Buy rating while trimming the price target to 190 euros. The MarketScreener broker overview lists Deutsche Bank among the Buy-rated houses.

Goldman Sachs also reiterates a Buy stance with a price target adjusted to 179 euros in a note dated 9 June, according to the same compilation. MarketScreener’s summary of Goldman Sachs’ rating shows the US bank maintaining a positive medium-term view despite the recent consolidation in the share price. The combination of European and US research coverage underlines Air Liquide’s role as a core holding in the global basic materials and industrial gases segment.

The business behind the stock

Air Liquide generates most of its revenue with industrial and medical gases, supplying oxygen, nitrogen, hydrogen and related services to sectors such as chemicals, metals, electronics and healthcare. The company operates long-term on-site gas production units as well as packaged and bulk gas distribution networks, which typically involve multi-year contracts and high switching costs for customers. The group’s Investor Relations materials highlight healthcare, industrial merchant and large industries as key activity segments, with additional growth targeted in low-carbon hydrogen and energy transition projects.

Where the shares trade today

The Air Liquide shares (FR0000120628) most recently traded on Euronext Paris at around 165 euros on 2026-06-18, according to the latest available quote data on MarketScreener, with the stock firmly anchored in the CAC 40 benchmark index. MarketScreener’s Euronext Paris quote page also shows Air Liquide’s market capitalization in the upper double-digit billion-euro range.

Key data on the Air Liquide shares

• Company: Air Liquide S.A.
• ISIN: FR0000120628
• WKN: 850133
• Ticker: AI
• Trading venue: Euronext Paris
• Price (as of 2026-06-18, 17:35): 165.00 EUR
• Market cap: around 96 billion EUR (as of 2026-06-18)
• Sector / industry: Industrial Gases / Basic Materials
• Index membership: CAC 40
• Next earnings date: 2026-07-28 (estimate)

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. All data are based on sources deemed reliable but cannot be guaranteed. Investors should conduct their own research and, where appropriate, consult a qualified financial adviser.