Barclays Maintains Overweight on SAP, Raises Price Target to $189
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Overweight rating on SAP (NYSE:SAP) and increased the price target from $156 to $189, indicating a positive outlook on the company's stock.
January 26, 2024 | 7:06 pm
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Barclays has reaffirmed its Overweight rating on SAP and raised the price target to $189, suggesting confidence in the company's future performance.
The increase in price target by a major analyst like Barclays 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.
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