SAP price target raised to $125 from $110 at BMO Capital

BMO Capital analyst Keith Bachman raised the firm’s price target on SAP (SAP) to $125 from $110 but keeps a Market Perform rating on the shares. The company’s Q4 results were "very mixed" but its guidance was "generally constructive", the analyst tells investors in a research note. The firm added that SAP is also making appropriate strategic actions, including the sale of its stake in Qualtrics (XM), but views its 2025 targets as "aggressive". Among its software peers, Salesforce (CRM), Microsoft (MSFT), and Oracle (ORCL) shares offer better risk-reward profiles, BMO Capital contends.