Jefferies analyst Charles Brennan maintained a Buy rating on Amadeus IT Group S.A today and set a price target of €78.00.
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Charles Brennan has given his Buy rating due to a combination of factors, notably the company’s solid recent performance and credible outlook. Amadeus delivered robust fourth-quarter constant-currency revenue growth above expectations, with both Air IT and Air Distribution surpassing forecasts and group EBITDA exceeding consensus on slightly better margins.
Guidance for the upcoming year aligns with market expectations, supporting high single-digit revenue growth and free cash flow in a range that brackets consensus. In addition, management’s mid-term targets call for sustained high single-digit revenue and FCF growth alongside margin expansion, implying ongoing value creation that, in Brennan’s view, justifies a Buy recommendation despite sector-wide share price hesitation.
Brennan covers the Technology sector, focusing on stocks such as Computacenter, Nemetschek, and Temenos. According to TipRanks, Brennan has an average return of 8.4% and a 59.35% success rate on recommended stocks.