Equita upgrades Amplifon stock to Buy with EUR 14 target

Amplifon stock (ISIN IT0004056880) was trading at EUR 12.13 at Lang & Schwarz on October 7, 2026, while Equita upgraded the stock from Hold to Buy and set a EUR 14.00 price target on September 18, 2026, according to SONIMUNDUS. The target lies 15.42 percent above the Lang & Schwarz price.

Growth accelerated in the second quarter

Amplifon's organic growth reached 4.70 percent in the second quarter of 2026, according to Capital.com in its September 30, 2026 analysis. First-half 2026 revenue rose 1.30 percent at constant exchange rates to EUR 1.19 billion, while organic growth reached 3.50 percent.

Adjusted EBITDA for the first half of 2026 increased 3.60 percent to EUR 298.00 million, and the adjusted EBITDA margin rose 70 basis points to 25.10 percent. The figures give Equita's Buy view an operating basis, but the next test is whether the second-quarter acceleration continues into the third quarter.

GN Hearing remains the central test

The planned acquisition of GN Hearing adds scale but also financing and integration demands. MarketScreener reported on September 17, 2026 that Amplifon set the issue price for shares reserved for GN at EUR 11.267, with GN due to receive 56.00 million new shares and 17.09 percent of the share capital after the transaction.

Amplifon is also guiding for organic growth above 3.00 percent in 2026 and an adjusted EBITDA margin improvement of about 100 basis points, as reported by Capital.com. The October reporting date will show whether stronger demand can offset restructuring and acquisition costs.

October results set the next test

Investing.com lists October 29, 2026 as Amplifon's next earnings date. The third-quarter report should put the EUR 14.00 Equita target against fresh operating evidence, while the GN Hearing timetable remains a key balance-sheet consideration.

Amplifon was trading at EUR 12.13 at Lang & Schwarz on October 7, 2026 at 2:39 p.m. CEST, minus 0.16 percent versus the prior close of EUR 12.15 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Amplifon stock.

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