Analyst Charles Brennan of Jefferies maintained a Buy rating on SAP SE (0NW4 – Research Report), reducing the price target to €280.00.
Charles Brennan has given his Buy rating due to a combination of factors indicating SAP SE’s potential for sustained performance. The company is expected to maintain its momentum in the first quarter of 2025, bolstered by recent order wins and restructuring efforts in the fiscal year 2024. These initiatives are likely to enhance the profit and loss statement, providing a solid foundation for the company’s financial health.
Moreover, SAP SE’s strong exit from December 2024, particularly in terms of cloud contract bookings, is anticipated to drive significant growth in the first quarter of 2025. While acknowledging that SAP might not be completely immune to a prolonged economic downturn, Brennan suggests that the company’s current dynamics position it as a relatively safe investment option in the upcoming results season.
In another report released today, Deutsche Bank also maintained a Buy rating on the stock with a €310.00 price target.