Analyst Charles Brennan of Jefferies maintained a Buy rating on SAP SE, retaining the price target of €290.00.
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Charles Brennan has given his Buy rating due to a combination of factors that suggest a positive outlook for SAP SE. The company’s third-quarter results for 2025 met expectations, but more importantly, there is a noticeable improvement in management’s tone regarding the demand backlog and renewed confidence in spending. This shift in sentiment is significant as it indicates a stronger outlook for the fourth quarter, with orders expected to support the profit and loss statement for the fiscal year 2026.
Furthermore, with forecasts appearing stable, SAP SE is positioned as a relatively safe investment within the European technology sector. This perception of stability and security makes SAP an attractive option for investors, reinforcing the Buy rating. Brennan’s confidence in SAP’s potential performance and its ability to weather market uncertainties underpins his recommendation.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a €310.00 price target.