Paris Airports (ADP) Share Climbs Over 5% on the Week and Targets €123
Paris Airports is regaining momentum on Wednesday, driven by a favorable change in analyst opinion that simultaneously raises its price target. The advance occurs in a broadly positive market context, with both the CAC 40 and SBF 120 moving higher during the session.
Deutsche Bank Turns Bullish and Raises ADP Target to €130
Deutsche Bank revised its opinion on Paris Airports on Wednesday, August 26, moving from "hold" to "buy" and raising its price target from €110 to €130. Relative to the current price of €114.70, this new target represents an upside potential of approximately 13%. This revised opinion comes in a context of a marked rebound in the share: over the week, the share is posting a gain of over 5%, and nearly 8% over the month. The stock ranks among the strongest gainers on the SBF 120 during the session, while the index advances 0.43% by mid-day.
Deutsche Bank's revision comes in a context of significant corporate developments: at the end of July, ADP had lowered its 2026 guidance, now anticipating current EBITDA between €2,300 and €2,350 million, versus an initial target above €2,350 million. This recalibration followed the release of mixed half-year results: revenue up moderately by 1.6% to €3,215 million, but EBITDA down 1.0%, with margins showing slight erosion. Simultaneously, ADP announced an agreement with the State covering €8.2 billion in regulated investments through 2034, with capital remuneration set at 5.8% on average over the period.
The Share Reconnects with Its Moving Averages and Tests the €115 Zone
At €114.70, the Paris Airports share is trading above its three reference moving averages. The gap remains modest relative to the 20-day MA at €113.82 and the 200-day MA at €112.65, but the share has recovered significantly from the support level identified at €104.60. The RSI at 52 is in neutral territory, without excess on either side, leaving the technical momentum unchanged.
The next resistance level to monitor is at €123, representing a gap of approximately 7% from the current price, while the lower band remains anchored around €104.60. The VIX, at 15.7 in slight decline from the previous day (15.85), reflects a relatively calm market environment, consistent with the orderly advance of the share. The €123 resistance now constitutes the next reference level for the share's trajectory.
