Jefferies analyst Charles Brennan maintained a Buy rating on Amadeus IT Group S.A (0P2W – Research Report) today and set a price target of €80.00.
Charles Brennan has given his Buy rating due to a combination of factors that highlight the resilience and potential of Amadeus IT Group S.A. Despite the volatility and uncertainty in the travel markets, Amadeus reported a 9% revenue growth in the first quarter of 2025, which only slightly missed consensus expectations by 1%. This performance underscores the strength of Amadeus’s business model, which benefits from a per passenger basis rather than being tied to ticket value, providing a more stable revenue stream.
Furthermore, while the company’s EBITDA growth of 8% was in line with expectations, the free cash flow fell short due to anticipated timing issues related to tax and capital expenditures. However, the largely unchanged EBITDA and free cash flow forecasts for the full year provide reassurance to investors. Additionally, the growth in air bookings and passengers boarded, even when accounting for seasonal effects, suggests a positive trajectory for the company’s operations. These factors collectively support Brennan’s optimistic outlook and Buy rating for the stock.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0P2W in relation to earlier this year.