Amadeus IT Group SA

AMS: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Amadeus: We Have Reduced Our Uncertainty Rating as Corporate Travel Demand Continues Its Recovery

Dan Wasiolek

Nov 19, 2024

We have decreased our Uncertainty Rating for narrow-moat Amadeus to Medium from High, consistent with our quantitative methodology and a gradual improvement in corporate travel demand that we expect to continue for the foreseeable future. Our fair value estimate is EUR 67, leaving shares appropriately valued.

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Amadeus IT Group SA

Amadeus: We Have Reduced Our Uncertainty Rating as Corporate Travel Demand Continues Its Recovery

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