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.
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