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Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) is one of the Best Airport Stocks to Buy According to Hedge Funds. On May 8, Citi upgraded Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) from Neutral to Buy and kept the price target unchanged at MXN 270. The firm noted that the stock valuation has declined around 20% since its recent highs. Citi believes that the company can reach its traffic guidance despite higher fuel prices.

​Earlier, on April 27, the company released its Q1 2026 results. During the quarter, the company reported a solid 4.7% year-over-year increase in total passenger traffic, with domestic traffic growing 5.7%. Management noted that the Monterrey Airport, which is a key hub, drove the most domestic traffic due to its routes to major cities.

​As a result, the quarterly revenue came in at 3.3 billion MXN, up 4.1% year-over-year. The adjusted EBITDA was 2.4 billion MXN, reflecting 2.1% year-over-year increase. Looking ahead, management expects growth in the coming quarters driven by an increase in traffic volumes.

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) is a Mexican holding company that operates and maintains concessions for over 10 airports across Mexico, serving major cities including Monterrey, tourist destinations like Acapulco and Mazatlán, regional centers, and border cities.

While we acknowledge the potential of OMAB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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