JMP Securities raised the firm’s price target on SAP to $245 from $220 and keeps an Outperform rating on the shares. The company reported strong Q2 results, the analyst tells investors in a research note. The firm says SAP made an adjustment to restructuring assumptions but reaffirmed its 2024 constant currency guidance. JMP thinks SAP’s growth formula is working.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAP: