Citizens JMP raised the firm’s price target on SAP (SAP) to $375 from $330 and keeps an Outperform rating on the shares. SAP reported “mixed” Q2 results, and while SAP is preparing for a range of macroeconomic outcomes, including potential delays in closing deals in U.S. federal and manufacturing areas impacted by tariffs, the company maintained its 2025 guidance, the analyst tells investors in a research note. SAP faces some macro headwinds and the support stream is declining as the company shifts to the cloud, but Citizens continues to view SAP as an attractive opportunity for long-term capital appreciation.
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