SAP: UBS raises TP
(CercleFinance.com) - UBS confirms its 'buy' recommendation on SAP shares, raising its target price for them from E222 to E237, which now offers 12% upside potential for the stock, the day after the German enterprise software provider's quarterly publication.
SAP presented another solid quarter, with targets slightly revised upwards despite the recognition of macroeconomic headwinds, the broker said, adding that the modernisation cycle remains vigorous.
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The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
SAP presented another solid quarter, with targets slightly revised upwards despite the recognition of macroeconomic headwinds, the broker said, adding that the modernisation cycle remains vigorous.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.