HAMBURG (dpa-AFX Broker) - The private bank Berenberg has raised its price target for SAP from 220 to 242 euros after the quarterly figures and left its rating at "Buy". The figures of the software group were full of positive aspects, analyst Nay Soe Naing praised in a study published on Wednesday. The growth rate of the order backlog in the cloud business is once again impressive. Another highlight is the company's profitability. The expert raised his free cash flow forecasts for the years 2024 to 2026./edh/zb

Publication of the original study: 22.10.2024 / 16:12 / GMT

First disclosure of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

-----------------------

dpa-AFX Broker - the Trader News from dpa-AFX

-----------------------