FRANKFURT (dpa-AFX) - After the SAP customer fair, the shares are likely to continue their recent recovery on Thursday. On Tradegate, they climbed 1.7 percent to 174.40 euros compared to the Xetra close on the previous day. The next technical target is the 21-day line, which runs at around 175.60 euros.

SAP wants to accelerate the increase in sales after 2025 until 2027, wrote analyst Nay Soe Naing from Berenberg Bank. With this encouraging outlook, the software developer has exceeded medium-term market expectations. In the longer term, SAP is relying primarily on the cloud business for growth, to which more customers are likely to switch. However, SAP also wants to earn more money with offerings related to artificial intelligence, according to the expert./bek/jha/