The Jefferies analysis house left the classification for SAP after the in-house Sapphire event on “Buy” with a price target of 300 euros.
SAP is making continuous progress with AI, Charles Brennan wrote in an assessment available on Thursday. This supports the sustainable growth, which will probably be higher for a longer period of time than is currently expected. In the short term, however, the market expectations on the free cash flow may be too high.
Baader Bank leaves SAP on ‘Add’ – destination 270 euros
Baader Bank left the classification for SAP on “Add” with a price target of 270 euros. He draws positive conclusions from the annual customer conference SAP Sapphire, wrote Knut Woller on Thursday. The management of the software group has been confident that the growth this year, but also in the coming years, has been accelerated and at the same time increasing the profit margins. The interest in the new BDC solution (Business Data Cloud) is great, and the pipeline in new products is well filled, which the expert sees as positive for future growth.
The SAP share temporarily lists 0.41 percent lower at EUR 264.70 in Xetra trading.
New York/Munich (dpa-Afx broker)