(CercleFinance.com) – The title is up nearly 3% benefiting from several positive analyzes.
Barclays raises its recommendation on Amadeus IT to ‘underweight’ to ‘overweight’, with a price target raised from 45 to 70 euros, believing ‘to have previously underestimated the competitive strength’ of the Spanish management platform for the sale of travel.
“We now see a significant opportunity for Amadeus to further increase its market share, given the relative progress the company has made over the past two years,” says the broker.
It predicts a market share gain of five points by 2025, ‘supported by recent contracts, while a further rise would be possible if it signed with one of the remaining major airlines such as Delta, United Airlines and EasyJet ‘.
Oddo BHF also reaffirms its ‘outperformance’ opinion on Amadeus IT Group with an adjusted price target of 74 to 72 euros, believing that the Spanish management platform for the sale of travel ‘should pass the Omicron turbulence zone without hindrance’.
‘The health situation should remain worrying at the start of 2022’, admits the analyst, who understands however that ‘the current vaccines are effective’ and remains confident in the dynamics of re-acceleration of the resumption of air traffic.
According to him, the title is currently being traded at a discount compared to its peers, which ‘does not seem justified because Amadeus is an actor out of the crisis strengthened by its direct competitors and because the year 2023 should not be a year totally normative ‘.
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