Barclays Maintains Overweight on SAP, Raises Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Overweight rating on SAP and raises the price target from $252 to $275.
October 23, 2024 | 1:08 pm
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Barclays analyst Raimo Lenschow has maintained an Overweight rating on SAP and increased the price target from $252 to $275, indicating a positive outlook on the stock.
The increase in the price target from $252 to $275 by Barclays suggests a positive outlook on SAP's future performance. The Overweight rating indicates that the analyst expects SAP to outperform the market, which could lead to a short-term increase in stock price as investors react to this positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100