Charles Brennan, an analyst from Jefferies, maintained the Buy rating on Amadeus IT Group S.A. The associated price target remains the same with €77.00.
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Charles Brennan has given his Buy rating due to a combination of factors that highlight the resilience and growth potential of Amadeus IT Group S.A. Despite a generally cautious investor sentiment, the company’s third-quarter results for 2025 have exceeded expectations, with revenue and EBITDA figures surpassing consensus estimates by 1% and 3%, respectively. This performance is indicative of a stable growth trajectory, with a reported constant currency growth of 8.6% in the third quarter, an improvement from the first half of the year.
Additionally, the company’s growth is well-distributed across its divisions, showcasing balanced expansion. The Air IT segment, in particular, demonstrated a 7.9% growth, outperforming expectations by 2%, driven by increased revenue per passenger boarded. The Air Distribution segment also showed positive momentum with a 4% increase in bookings, while the Hospitality division, despite being slightly below expectations, still achieved a notable growth acceleration. These factors collectively underpin Brennan’s confidence in the company’s ability to maintain its growth trajectory, justifying the Buy rating.
In another report released on October 24, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a €75.00 price target.

