NEW YORK (dpa-AFX Broker) - US bank JPMorgan has lowered its price target for SAP from €300 to €290, but has maintained its "overweight" rating. The Walldorf-based company showed once again in the first quarter why it is considered a safe haven, wrote analyst Toby Ogg on Wednesday evening following the report. He expects results to improve steadily over the course of the year. However, he lowered his revenue estimate slightly due to currency effects. SAP shares remain on JPMorgan's "Analyst Focus List" and continue to carry the "Positive Catalyst Watch" label for particularly positive short-term momentum.
Publication of the original study: April 23, 2025 / 7:24 p.m. / BST
Initial distribution of the original study: April 24, 2025 / 12:15 a.m. / BST
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