Global Business Travel price target lowered to $10 from $11 at UBS

UBS lowered the firm’s price target on Global Business Travel (GBTG) to $10 from $11 and keeps a Buy rating on the shares. Management estimated that the near-term revenue impact from Middle East conflict is limited to about 5% and reaffirmed 2026 guidance of 19%-21% revenue growth and $615M-$645M in adjusted EBITDA, consistent with its prior outlook, the analyst tells investors in a research note. While AI disintermediation concerns persist, the company expects to drive value from its own AI-powered product initiatives, beginning with Egencia, the firm says.