SAP price target raised to EUR 225 from EUR 210 at Jefferies

Jefferies raised the firm’s price target on SAP to EUR 225 from EUR 210 and keeps a Buy rating on the shares. The firm said that Q2 results go some way to reinforce SAP’s credentials as one of the best duration growth assets in the sector. While Q2 results and FY24 guidance were largely in line, the impact of upsized restructuring provides positive tailwinds to FY25 and FY26, the analyst tells investors in a research note.