Analysts at Deutsche Bank have increased Amadeus' valuation by 23%, propelling the company to lead gains in the Ibex. The stock now has a target price of €71.5.
Shares of Amadeus have surged following the upward revision of its valuation by Deutsche Bank, which has increased it by 23%. This change comes amidst ongoing doubts about technology companies, but the bank has decided to restore its confidence in the firm.
Amadeus, a leader in the software sector of the Ibex, has reached intraday highs above €55. The upgrade in Deutsche Bank's recommendation, which has shifted from hold to buy, has been key to this rally.
The new valuation of the stock is set at €71.5, representing an upside potential of 32% compared to today's opening price. This change in valuation may attract more investors, as Amadeus re-enters the list of recommended stocks by the German bank.
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