SAP price target raised to $275 from $252 at Barclays

Barclays raised the firm’s price target on SAP (SAP) to $275 from $252 and keeps an Overweight rating on the shares. Following the “strong” Q3, the firm sees even the upgraded guidance as conservative and is ahead on cloud and software and EBIT. With the business performing better than expected especially on the cost side, and 2025 ambitions increasingly appearing conservative, “we see scope for ongoing estimate momentum,” the analyst tells investors in a research note.