Air Liquide, FR0000120073

Bernstein raises Air Liquide stock target to EUR 193

Published on 10/23/2026 at 10:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bernstein kept Buy and set a EUR 193.00 target on October 20, 2026. Air Liquide stock costs EUR 172.71 on October 23, 2026.

Air Liquide sets new targets

Bernstein raised its Air Liquide target to EUR 193.00 on October 20, 2026.
BEYOND targets recurring net earnings per share growth of 10.00 percent through 2030.
Air Liquide stock trades at EUR 172.71 at 10:06 a.m. CEST at Lang & Schwarz on October 23, 2026.

Architektonische 3D-Visualisierung einer modernen Wasserstoffproduktionsanlage — Air Liquide S.A. moderner Render einer Wasserstoff Produktionsanlage mit Solarzellen auf dem Dach, ISIN FR0000120073, Illustration mit AI erstellt.

Air Liquide stock (ISIN FR0000120073) was trading at EUR 172.71 at Lang & Schwarz on October 23, 2026, at 10:06 a.m. CEST. Bernstein raised its target from EUR 192.00 to EUR 193.00 and kept a Buy rating on October 20, 2026, according to MarketScreener.

BEYOND sets a quantified roadmap

The analyst revision followed Air Liquide's BEYOND strategy, announced on October 5, 2026. The company targets recurring net earnings per share growth of 10.00 percent, with a plus or minus 2.00 percent range, through 2030, according to Air Liquide.

The plan also calls for sales growth of 5.00 percent plus or minus 1.00 percent per year, operating margin improvement of 400 to 600 basis points, and more than EUR 40.00 billion of capital allocation through 2030. The first share buyback program is set at EUR 4.00 billion for 2027 to 2028.

Three dated steps shape the story

On October 5, 2026, Air Liquide presented BEYOND with a EUR 4.00 billion buyback and a 10.00 percent recurring earnings-per-share target. On October 7, 2026, it published its pre-third-quarter sales communication and set Q3 revenue publication for October 29, 2026, according to Air Liquide. On October 20, 2026, Bernstein raised its target to EUR 193.00 while retaining Buy, according to Markets Insider.

What date comes next?

The next substantiated event is Air Liquide's third-quarter 2026 revenue publication on October 29, 2026. That release will test whether the strategy's sales and margin ambitions are beginning to show in reported operating performance.

Stock price and valuation context

Air Liquide's 52-week range is EUR 140.78 to EUR 182.26, while its market capitalization is EUR 109.9 billion as of October 23, 2026. The EUR 193.00 Bernstein target therefore sits above the current Lang & Schwarz quote, leaving the upcoming revenue publication as the next concrete test of the company's operating trajectory.

Air Liquide is listed on Euronext Paris and belongs to the CAC 40. Its business spans industrial and medical gases, healthcare, electronics, engineering and technology, giving the strategy a broad operating base.

Air Liquide stock quote

Air Liquide stock was trading at EUR 172.71 at Lang & Schwarz on October 23, 2026, at 10:06 a.m. CEST. The quote is within the EUR 140.78 to EUR 182.26 52-week range, and the next scheduled company event is the October 29, 2026 revenue publication. The further course of trading is shown by the continuously updated real-time quote of Air Liquide stock.