Air Liquide, FR0000120073

Air Liquide stock rises as Deutsche Bank lifts target to EUR 192

Published on 09/23/2026 at 12:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Air Liquide stock reached EUR 168.24 on September 23, 2026, after Deutsche Bank raised its target from EUR 190 to EUR 192. The investor day is set for October 5.

Luftbild einer Industriegasanlage mit kryogenen Tanks bei Abenddämmerung — Air Liquide S.A. betreibt Industriegase-Anlagen mit riesigen kryogenen Tanks weltweit, ISIN FR0000120073, Illustration mit AI erstellt.

Air Liquide S.A. (ISIN FR0000120073) traded at EUR 168.24 on Euronext Paris on September 23, 2026, up 0.55 percent in early trading. Deutsche Bank confirmed its Buy rating and raised its price target from EUR 190 to EUR 192 ahead of the investor day scheduled for October 5, according to MarketScreener on September 23, 2026. The target increase of EUR 2 puts the new objective 14.13 percent above the cited market price.

Investor day sets the next test

According to MarketScreener, Air Liquide is expected to present a four-year strategic plan and an updated financial framework on October 5, 2026. The agenda is set to cover growth, margins, capital allocation, electronics and the energy transition, making the event a concrete checkpoint for the valuation now reflected in Deutsche Bank's revised target.

The company profile in the same September 23, 2026 report describes Air Liquide as a supplier of industrial and medical gases, technologies and services. It identifies industry as 73.8 percent of sales, healthcare as 16.8 percent and electronics as 9.4 percent, while industrial and medical gases account for 96.8 percent of revenue mix, according to MarketScreener.

Price gains meet shareholder pressure

Air Liquide's early price of EUR 168.24 on September 23, 2026, stood EUR 0.92 above the cited closing price of EUR 167.32. The same report lists an average analyst target of EUR 197.22 from 20 analysts, which is EUR 28.98 above that closing price, or 17.32 percent.

The report also says Deutsche Bank viewed Air Liquide as a high-quality growth company after management reached or exceeded most objectives under the Advance 2022-2025 plan. It further cited reported activist interest from Elliott as a factor that could increase scrutiny of capital deployment, share buybacks, margins and shareholder returns, according to MarketScreener on September 23, 2026. That creates a measurable counterweight to the higher target: the October strategy update must address both growth ambition and capital discipline.

Air Liquide stock holds above EUR 165

Air Liquide stock closed at EUR 165.22 on September 21, 2026, after trading between EUR 162.90 and EUR 165.96 on Euronext Paris. Market capitalization was EUR 105.44 billion as of September 21, 2026, while the session range measured EUR 3.06, according to the dated market quotation.

The September 21 close was EUR 2.06 above the prior close of EUR 163.16, equivalent to a 1.26 percent gain. The later EUR 168.24 quotation on September 23 therefore stood EUR 3.02 above that completed close, linking the current investor-day narrative with a clearly higher market level.

October plan now meets the market

Air Liquide stock was quoted at EUR 168.24 on Euronext Paris at 9:20 a.m. on September 23, 2026, after the Deutsche Bank target change. The October 5 investor day and the October 29, 2026 publication of third-quarter activity are the next dated company milestones listed in the September 23 market overview.