ADP share rebounds over 2% and signs one of the best gains in the SBF 120
Paris Airports benefits this Tuesday from an unexpected boost: JP Morgan simultaneously raises its rating and price target on the stock, in an SBF 120 that is losing ground. The share thus returns to its 20-day moving average, after several weeks under pressure.
JP Morgan upgrades to overweight and raises its target to 130 €, representing potential upside of nearly 18%
The American bank announced on Tuesday a significant change of opinion on Paris Airports: JP Morgan moves from "neutral" to "overweight" and raises its price target from 115 € to 130 €. Compared to the current price of 110.50 €, this target represents upside potential of nearly 18%. According to analyst consensus, this move comes in a context where the stock had already benefited in late August from similar support from Deutsche Bank, which in turn raised its opinion to "buy" with a target of 130 €. The convergence of two favorable ratings around this same target strengthens visibility on the stock, even though the share remains down nearly 5% over the month.
A rebound that brings ADP back to its 20-day moving average, in a declining Paris market
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The 2.13% advance places ADP among the strongest gainers in the SBF 120 this Tuesday, while the broad index falls 0.38% in trading and the CAC 40 declines 0.40%. From a technical perspective, the share returns nearly to its 20-day moving average (110.39 €), from which it had moved away during August's decline. However, it remains below its 50-day MA (111.57 €) and its 200-day MA (112.16 €), two levels that continue to cap the technical rebound.
The RSI at 44 remains neutral, with no sign of buyer exhaustion at this stage. The next resistance level is at 123 €, a level the share had targeted during the late August rebound, while support at 106.10 € constitutes the reference floor in case of a new decline.
SectorConstruction et infrastructures›Infrastructures
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Context
Period
Period: 9M 2026
Key reported figures
Revenue: 5 106 millions d'euros
Quarterly revenue: 5 106 millions d'euros
Revenue growth: 1,4 %
Guidance from the release
Whilst taking these measures into account, Groupe ADP is monitoring the latest traffic forecasts and the prolonged nature of the tensions in the Middle East
Risks mentioned
Disruptions to the operating environment related to the conflict in the Middle East, particularly affecting international traffic flows
Traffic continues to be adversely affected by reduction in IndiGo's flight schedules and airlines facing rising fuel prices
Works taking place at Paris-Orly airport leading to reduction in flight schedules and limited transfers to Paris-Charles de Gaulle
Opportunities identified
Extension of Tbilisi airport concession period to 31 December 2031 with USD150 million investment planned
GMR Airports commences operations at Nagpur and Bhogapuram airports with significant capacity for future growth
Opening of two new P/S private terminals in Dallas-Fort Worth and Miami to expand private aviation services
Outlook / guidance
Expected EBITDA: 2 300 millions d'euros
Management commentary: « compte tenu d'un environnement opérationnel toujours difficile, le Groupe anticipe un EBITDA courant pour 2026 dans le bas de la fourchette de 2 300 à 2 350 millions d'euros »
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
