BMO Capital Maintains Market Perform Rating for SAP: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has maintained its Market Perform rating for SAP (NYSE:SAP) and increased its price target from $147.00 to $195.00. SAP's shares are currently trading up 0.77% at $175.96, and the new price target suggests a potential upside of 10.82%. SAP, founded in 1972, is a global provider of database technology and enterprise resource planning software, serving 440,000 customers in over 180 countries.
January 25, 2024 | 5:00 pm
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BMO Capital maintains Market Perform rating for SAP and raises price target to $195, indicating a potential 10.82% increase from the current price of $175.96.
The maintenance of the Market Perform rating by BMO Capital suggests stability in SAP's stock performance, while the raised price target indicates a positive outlook, potentially leading to increased investor confidence and a short-term rise in SAP's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100