Goldman Sachs Maintains Buy on SAP, Raises Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mohammed Moawalla has reaffirmed a Buy rating on SAP (NYSE:SAP) and increased the price target from $168 to $185, indicating a positive outlook on the company's stock.
January 17, 2024 | 3:21 pm
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Goldman Sachs analyst reaffirms Buy rating on SAP and raises price target to $185, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like Mohammed Moawalla from Goldman Sachs typically signals a bullish outlook on the stock, which can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100