Barclays Maintains Overweight on SAP, Lowers Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Overweight rating on SAP (NYSE:SAP) and lowers the price target from $212 to $210.

April 24, 2024 | 3:49 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Barclays maintains an Overweight rating on SAP, with a reduced price target from $212 to $210.
The adjustment in price target by Barclays reflects a slight modification in their valuation of SAP, likely due to updated financial analysis or market conditions. However, maintaining an Overweight rating indicates a continued positive outlook on the stock, suggesting that the reduction in price target is not indicative of a fundamental change in the company's prospects. This could lead to a neutral short-term impact on SAP's stock price as the market digests the minor adjustment in valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100