Jefferies analyst Charles Brennan raised the firm’s price target on SAP (SAP) to EUR 300 from EUR 280 and keeps a Buy rating on the shares. Execution from SAP has been “solid for 2 years,” says the analyst, who argues that “achievable” constant currency FY25 guidance and the stock’s relative valuation make SAP “stand out in the Euro sector.” However, while the share price has “been bottom left to top right for 2 years, we think there is scope for more noise over the coming months,” the analyst added.
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Read More on SAP:
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- SAP price target lowered to EUR 290 from EUR 300 at JPMorgan
- SAP price target lowered to EUR 280 from EUR 299 at Berenberg
- SAP price target raised to $308 from $286 at Barclays
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