SAP: share up as Barclays raises TP
(CercleFinance.com) - SAP shares were up on Tuesday, with Barclays raising its target price for them from E200 to E230, while maintaining its 'overweight' rating on the enterprise software developer.
In early afternoon trading, the stock was up 0.7%, making it one of the strongest performers in the DAX.
Barclays points out that SAP shares are still underweighted by US investors, despite their resilient growth, margin improvement potential and attractive valuation.
All these factors, according to the analyst, are likely to make SAP an attractive proposition for Wall Street, at a time when the German technology group is looking to focus on the US financial markets.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
In early afternoon trading, the stock was up 0.7%, making it one of the strongest performers in the DAX.
Barclays points out that SAP shares are still underweighted by US investors, despite their resilient growth, margin improvement potential and attractive valuation.
All these factors, according to the analyst, are likely to make SAP an attractive proposition for Wall Street, at a time when the German technology group is looking to focus on the US financial markets.
Copyright (c) 2024 CercleFinance.com. All rights reserved.