JMP Securities raised the firm’s price target on SAP (SAP) to $330 from $300 and keeps an Outperform rating on the shares. SAP reported strong Q4 results and guidance was mostly ahead of expectations for 2025, the analyst tells investors in a research note. JMP continues to view SAP as an attractive opportunity for long-term capital appreciation for a number of reasons, including that SAP’s growth formula is working with RISE to help convert the EUR 11B support stream to the cloud at a 2x-3x multiple and GROW to address greenfield opportunities, making it easier for small and midsize business customers or business units within a larger enterprise to implement S/4HANA Public Cloud.
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