TD Cowen analyst Derrick Wood lowered the firm’s price target on SAP (SAP) to $230 from $250 and keeps a Buy rating on the shares. The firm attended its Sapphire conference where feedback suggests AI adoption has been slow to date but that varouis company moves aim to fill gaps and accelerate it.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAP:
- SAP Price Target Trimmed to $195 as Enhanced Joule-Led AI Strategy Underpins Buy Rating
- Global Stocks, American Dollars: How ADRhedged™ ETFs Are Fixing the Most Overlooked Risk in International Investing
- SAP Shareholders Approve All Proposals at 2026 Virtual AGM
- SAP SE Earnings Call Highlights Cloud, AI Momentum
- SAP to acquire Prior Labs, terms not disclosed