Amadeus IT stock falls 2.09 percent as H1 growth reaches 5 percent

Published on 09/28/2026 at 16:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deutsche Bank raised its Amadeus target to EUR 71.50 on September 16, 2026, while H1 revenue reached EUR 3.335 billion. Adjusted diluted EPS rose 7 percent.

Photorealistic travel agent at curved desk with three monitors showing flight search, hotel bookings, and route maps, airport terminal visible through window — Amadeus IT Group ES0109067019 travel agency consultant at multi-screen workstation booking flights and hotels, Illustration mit AI erstellt.

Amadeus IT stock (ISIN ES0109067019) traded at EUR 52.36 on BME at 3:45 p.m. CEST on September 28, 2026, down 2.09 percent from the prior close. The move contrasts with first-half revenue growth of 5 percent at constant currency, giving investors two very different signals to weigh.

H1 revenue reached EUR 3.335 billion

According to Yahoo Finance, Amadeus reported EUR 3.335 billion in first-half 2026 revenue, representing 5 percent growth at constant currency and 2 percent reported growth. Adjusted EBIT reached EUR 1.012 billion, up 5 percent at constant currency and 4 percent on a reported basis.

The same Q2 2026 earnings summary showed adjusted diluted EPS increasing 7 percent in the first half. That combination places operating execution ahead of reported revenue growth, because currency effects reduced the headline expansion from 5 percent to 2 percent.

Deutsche Bank raises target to EUR 71.50

As Investing.com reported 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 stands 36.57 percent above the September 28 price, using the BME quotation as the reference.

The analyst action also highlights the central debate around Amadeus. The company delivered first-half growth, while the report said full-year 2026 guidance had been revised more cautiously because of elevated geopolitical uncertainty in the Middle East.

Stock trades 24.44 percent below yearly high

At EUR 52.36, Amadeus stood 24.44 percent below its 52-week high of EUR 69.30 and 13.31 percent above its 52-week low of EUR 46.21. The intraday range on September 28 extended from EUR 52.06 to EUR 54.02, with volume of 200,785 shares.

The company has its next scheduled reporting event on November 5, 2026, when it is set to release third-quarter 2026 results, according to MarketScreener. For investors, the next checkpoint is whether constant-currency momentum can offset the pressure visible in the reported figures and the stock's daily decline.

Amadeus IT stock remains below EUR 70

Amadeus IT's market capitalization was EUR 22.4 billion as of September 28, 2026. The BME quotation gives the stock a clear technical reference while the first-half figures and Deutsche Bank's EUR 71.50 target frame the fundamental debate.