Amadeus: Oddo BHF raises target price

(CercleFinance.com) - Oddo BHF maintains its Outperform rating on Amadeus IT Group shares, raising its target price from E82 to E85.


As Amadeus holds its CMD next Tuesday (18 June), Oddo BHF believes that the company should reassure investors that the Air Distribution segment is capable of growing at the same pace as air traffic.

In addition, Amadeus should highlight the diversification potential of its fast-growing businesses, notably Air IT Solutions and HOS.

In a context of global air traffic growth of between 3% and 5% (IATA forecast of +4% from 2026), and considering further dilution of GDS's weight via M&A, we believe that Amadeus is in a position to generate sales growth of between 7% and 9% in the medium term (to 2028), the broker says.


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