Sage Group price target raised to 1,600 GBp from 1,500 GBp at Jefferies

Jefferies raised the firm’s price target on Sage Group (SGPYY) to 1,600 GBp from 1,500 GBp and keeps a Buy rating on the shares. The “most encouraging aspect” of the Q1 release is commentary that sequential ARR growth was around 2%, says the analyst, who sees this “silencing fears” that Sage pulled business forward to deliver a strong finish to Q4.