SAP SE (0NW4 – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Charles Brennan from Jefferies maintained a Buy rating on the stock and has a €295.00 price target.
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Charles Brennan has given his Buy rating due to a combination of factors related to SAP SE’s strategic initiatives and market positioning. The recent launch of the SAP Business Data Cloud signifies a pivotal move as it aims to unify both structured and unstructured data across various systems, enhancing SAP’s ability to leverage data in an increasingly AI-driven market. This initiative positions SAP to better serve major enterprises by optimizing data access and understanding, which is critical in today’s technological landscape.
Furthermore, SAP is expanding its technology offerings beyond just S4 customers, which could enhance cross-selling opportunities and potentially boost revenue streams. The company’s collaboration with Databricks adds another layer of potential economic benefits, as this partnership may result in shared financial gains. Despite the need to further differentiate this new offering from existing ones like Datasphere, these strategic moves collectively contribute to SAP’s competitive edge and justify the Buy rating.
In another report released on February 10, Stifel Nicolaus also maintained a Buy rating on the stock with a €300.00 price target.