In a report released today, Charles Brennan from Jefferies maintained a Buy rating on Amadeus IT Group S.A, with a price target of €65.00.
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Charles Brennan has given his Buy rating due to a combination of factors, including the company’s strong strategic positioning and its role at the core of the global travel technology ecosystem. He also views upcoming discussions with management on first‑quarter performance, the IPS acquisition, and medium‑term guidance as important catalysts for investor confidence.
Brennan believes Amadeus is well placed to navigate industry volatility such as higher fuel costs and travel disruptions, thanks to its resilient business model and long‑term structural demand for its solutions. With these fundamentals in mind, he maintains a Buy rating and keeps his price target unchanged at $65, reflecting meaningful upside potential from current levels.
In another report released on May 11, Morgan Stanley also maintained a Buy rating on the stock with a €65.00 price target.