Jefferies raised the firm’s price target on SAP (SAP) to EUR 295 from EUR 280 and keeps a Buy rating on the shares. FY24 results were “solid,” but high buyside expectations created a “tough bar to beat,” the analyst tells investors in a research note. The firm added that while it is fair to acknowledge some debates in the numbers, the bigger picture of SAP delivering faster growth for longer, underpinned with multi-year visibility, remains intact.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAP:
- SAP price target raised to $307 from $265 at BMO Capital
- SAP SE Reports Strong Cloud Growth and Financial Performance in 2024
- SAP price target raised to $330 from $300 at JMP Securities
- SAP business on ‘good uptrend’ after solid Q4, says Oppenheimer
- Options Volatility and Implied Earnings Moves Today, January 28, 2025