SAP price target raised to EUR 300 from EUR 280 at Jefferies

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.