Amadeus IT Group stock falls as travel tech faces a softer outlook

Amadeus IT Group stock (ISIN ES0113900J37) was last at EUR 52.20 on BME Madrid on September 28, 2026, down 2.39 percent from the prior close of EUR 53.48. The travel technology company combines a weaker market position with an upgraded analyst view that places the next valuation checkpoint at EUR 71.50.

Stock sits below its yearly high

The share price was 30.75 percent below its 52-week high of EUR 75.38 and 12.96 percent above its 52-week low of EUR 46.21. The EUR 22.4 billion market capitalization and 5,300-share volume on September 28 put the daily move into a relatively narrow trading snapshot.

6ix identifies the security as ticker AMS on BME in EUR and classifies Amadeus in Technology Services and Packaged Software. That listing evidence supports BME Madrid as the reference venue for the share price.

Deutsche Bank lifts its target

According to Investing.com on September 16, 2026, Deutsche Bank upgraded Amadeus from Hold to Buy and raised its price target from EUR 58.00 to EUR 71.50. The new target lies 36.97 percent above the September 28 reference price, giving the analyst call a materially different valuation frame from the current quote.

The same report said analyst Nooshin Nejati viewed the market as overly harsh in discounting Amadeus's resilience in an increasingly AI-shaped technology environment. The contrast is clear: the share price fell 2.39 percent in the latest completed session, while the target revision points to a more constructive medium-term assessment.

First-half growth meets travel risk

In its first-half 2026 earnings call, Yahoo Finance reported that revenue reached EUR 3,335 million, up 5 percent at constant currency, while adjusted EBIT rose 5 percent at constant currency to EUR 1,012 million. Adjusted diluted EPS increased 7 percent at constant currency, and free cash flow reached EUR 472 million.

The call also described a split operating picture. Air IT solutions revenue grew 8.7 percent at constant currency, while Hospitality and Other Solutions rose 9.2 percent; Air Distribution increased 1.1 percent as bookings declined 3.7 percent. Management revised the 2026 group revenue growth outlook to a mid-to-high single-digit range and adjusted diluted EPS growth to a high-single- to low-double-digit range.

Amadeus stock stays under pressure

Amadeus IT Group stock was last at EUR 52.20 on BME Madrid on September 28, 2026 at 5:35 p.m. CEST, with the daily change at minus 2.39 percent. The key balance for investors is the gap between resilient software and hospitality growth and weaker air distribution volumes.

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