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Amadeus: Oddo remains positive, raises its target


(CercleFinance.com) – Oddo BHF reaffirms its ‘outperformance’ opinion on Amadeus IT, a favorite stock (‘top pick’) in software, with a price target raised from 73 to 75 euros, after solid quarterly results published in last weekend.

The research department takes into account new, more optimistic forecasts for the group, after a turnover and an EBITDA above expectations for the first quarter, but also a drop in the average valuation of the software sector.

‘Amadeus continues to benefit from a strong recovery dynamic without being very sensitive to the impact of rising long rates’, estimates the analyst, for whom Amadeus is also ‘one of the cheapest players in the software sector’ .

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