Analyst Charles Brennan from Jefferies reiterated a Buy rating on SAP SE (0NW4 – Research Report) and decreased the price target to €290.00 from €300.00.
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Charles Brennan has given his Buy rating due to a combination of factors that highlight SAP SE’s strong position in the market. He notes that recent adjustments in free cash flow and foreign exchange expectations have already been accounted for by the buy-side, suggesting that the market is primed for a positive outlook.
Furthermore, Brennan emphasizes that SAP SE continues to stand out as a leading growth story within its sector. The company’s ability to deliver consistent and durable growth reinforces his confidence in its long-term potential, prompting him to maintain a Buy rating.
In another report released on June 19, J.P. Morgan also maintained a Buy rating on the stock with a €290.00 price target.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0NW4 in relation to earlier this year.