Analyst Frederic Boulan from Bank of America Securities maintained a Buy rating on SAP SE (0NW4 – Research Report) and keeping the price target at €320.00.
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Frederic Boulan has given his Buy rating due to a combination of factors related to SAP SE’s strategic initiatives and market positioning. A key element in his analysis is the introduction of SAP’s Business Data Cloud (BDC), which aims to streamline data management and reduce the complexities associated with data migration. This innovation is expected to significantly ease the burden on users, enhancing SAP’s appeal in the market.
Additionally, SAP’s vision to integrate AI into its offerings and position itself as a Suite as a Service provider is seen as a forward-thinking strategy. The company’s efforts to facilitate cloud migration and leverage AI are anticipated to drive growth and solidify its presence in the industry. These strategic moves, coupled with SAP’s robust product offerings and market potential, underpin Boulan’s confidence in the company’s future performance, justifying the Buy rating.
According to TipRanks, Boulan is a 4-star analyst with an average return of 16.4% and a 60.32% success rate.
In another report released on June 6, Wells Fargo also maintained a Buy rating on the stock with a €345.00 price target.