Analyst Charles Brennan of Jefferies maintained a Buy rating on SAP SE (0NW4 – Research Report), boosting the price target to €300.00.
Charles Brennan has given his Buy rating due to a combination of factors that highlight SAP SE’s strong position in the market. The company’s guidance for the fiscal year 2025 appears achievable, which sets it apart in the European sector. This positive outlook is supported by its relative valuation, making it an attractive investment opportunity.
Despite some ongoing debates regarding currency fluctuations, free cash flow, and other financial metrics, the overall trajectory of SAP’s stock price has been upward over the past two years. Brennan believes that these factors, combined with the company’s strategic positioning, provide a solid foundation for continued growth and justify the Buy rating.
In another report released on April 28, Goldman Sachs also reiterated a Buy rating on the stock with a €295.00 price target.