Analyst Charles Brennan from Jefferies maintained a Buy rating on Amadeus IT Group S.A (0P2W – Research Report) and keeping the price target at €85.00.
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Charles Brennan has given his Buy rating due to a combination of factors influencing Amadeus IT Group S.A. Firstly, the company is expected to announce its FY24 results soon, which could reveal positive financial performance and growth potential. This anticipation is heightened by the ongoing discussions around NDC (New Distribution Capability) penetration, where Amadeus is making significant strides.
The anticipation of the FY25 outlook adds to the optimism, as it suggests that Amadeus is well-positioned to capitalize on emerging trends in the travel and hospitality sectors. Furthermore, the company’s active engagement with investors and stakeholders through events like the fireside chat with key executives indicates a transparent and proactive management approach, which is likely to bolster investor confidence.
In another report released yesterday, UBS also maintained a Buy rating on the stock with a €80.00 price target.