Amadeus IT Shares Rise After Deutsche Bank Upgrade to 'Buy'

Shares of Amadeus IT (AMA) rose on Monday after Deutsche Bank upgraded the travel technology company, lending institutional support to the stock's recent recovery.

The stock climbed 1.0% to trade at €54.58 following the analyst action, which comes after a difficult start to the month for the company's shares.

Deutsche Bank Cites AI Resilience

In a note to clients, Deutsche Bank analyst Nooshin Nejati raised the firm's rating on Amadeus IT to 'Buy' from a previous 'Hold.' The price target was also significantly increased to €71.50 from €58.00.

The analyst argued that the market has been "overly harsh in discounting the company’s resilience in an increasingly AI-shaped technology environment," according to the report. The new price target implies substantial upside from current trading levels and marks one of the more bullish calls on the stock from a major bank in recent months.

Market Context and Performance

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The upgrade provides a tailwind for Amadeus IT shares, which had experienced a sharp pullback in early September, falling roughly 6.5% over two sessions. The stock had begun a tentative recovery before the Deutsche Bank note was published.

Broader analyst sentiment is already constructive. According to Investing.com, 22 analysts collectively rate the stock at 'Accumulate,' with a consensus price target well above its current price. The positive move was also supported by a modestly higher trading session in global equity markets.

Fundamental Outlook

Investors are currently balancing the company's solid first-half 2026 financial results, which showed healthy revenue growth and stable adjusted EBIT margins, against a more cautious full-year guidance. The company cited elevated geopolitical uncertainty in the Middle East as the reason for its revised forecast.

The next scheduled catalyst for the stock will be its third-quarter 2026 earnings release, expected in early November. Until then, analyst ratings and macroeconomic factors are likely to be the primary drivers of the share price.