In a report released today, Adam Wood from Morgan Stanley maintained a Buy rating on SAP SE, with a price target of $300.00.
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Adam Wood has given his Buy rating due to a combination of factors that suggest a promising outlook for SAP SE. One of the primary reasons is the perceived overreaction to macroeconomic and AI-related concerns, which have negatively impacted the stock’s performance. Wood believes these issues are exaggerated and sees potential for growth.
Additionally, Wood highlights the strategic transition to S/4HANA as a significant opportunity for SAP. He maps out a clear trajectory for the company to potentially double its earnings per share by 2030, reinforcing his confidence in SAP’s long-term growth prospects. As a result, SAP remains a top pick for Wood, reflecting his positive assessment of the company’s future performance.
In another report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a €310.00 price target.