SAP price target raised to $137 from $136 at Barclays

Barclays analyst Raimo Lenschow raised the firm’s price target on SAP to $137 from $136 and keeps an Overweight rating on the shares. The anticipated update to SAP’s 2025 targets should "confirm a meaningful total revenue upgrade," the analyst tells investors in a research note. However, there is a lack of upside to the "already-optimistic" adjusted EBIT target as expectations may be "running too high," adds the firm.