Bullish indicating open at $55-$60, IPO prices at $37
Investing.com - Bernstein SocGen Group raised its price target on Amadeus (BME:AMA) IT Group SA ( AMS (VIE:AMS2):SM) (OTC:AMADY) to EUR84.00 from EUR83.00 on Monday, while maintaining an Outperform rating on the stock.
The firm continues to view Amadeus as a structural Outperform, citing the company’s ability to deliver a 10% EPS CAGR with a 3% dividend yield.
Bernstein SocGen highlighted Amadeus’s deep and widening competitive moat around its main businesses as a key factor in its positive outlook.
The research firm expects further significant wins for Amadeus’s Nevio product and associated Order Management System to drive upside potential for the stock.
Bernstein SocGen also noted that Lufthansa’s Capital Markets Day scheduled for September 29 may bring news related to Amadeus’s products.
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