Jefferies analyst Charles Brennan maintained a Buy rating on SAP SE today and set a price target of €290.00.
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Charles Brennan has given his Buy rating due to a combination of factors that signal increasing confidence in SAP’s outlook. He points to the company’s solid forward guidance and the fact that management is already beginning to outline its expectations for fiscal year 2027, which suggests visibility and conviction in the durability of growth. Additionally, the announcement of a new share repurchase program is viewed as a tangible indication that management believes the stock is undervalued and that cash generation remains strong.
At the same time, Brennan acknowledges that investor sentiment toward the software sector has been particularly weak, and he flags that discussion around CCB will likely be a focal point for debate. Even so, he interprets the mix of robust guidance, longer-term visibility, and capital returns as outweighing the prevailing negativity in the sector. In his view, these elements together create an attractive risk‑reward profile for SAP shares, supporting his Buy recommendation despite the challenging backdrop for software equities.
According to TipRanks, Brennan is a 5-star analyst with an average return of 11.3% and a 63.70% success rate. Brennan covers the Technology sector, focusing on stocks such as Computacenter, Nemetschek, and Temenos.
In another report released today, TD Cowen also reiterated a Buy rating on the stock with a $0.00 price target.