HAMBURG (dpa-AFX Broker) - Private bank Berenberg has lowered its target price for SAP from €299 to €280, but has maintained its "buy" rating. The first-quarter figures confirmed his view that the Walldorf-based company will be one of the few "safe havens" in the software sector in 2025, analyst Nay Soe Naing wrote in a study published on Thursday. He justified the lower price target with negative currency effects. /edh/bek

Publication of the original study: April 23, 2025 / 4:14 p.m. / GMT

Initial distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

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