HAMBURG (dpa-AFX Broker) - The private bank Berenberg has raised its target price for SAP from 140 to 190 euros and left its rating at "Buy". Analyst Nay Soe Naing believes in a study published on Friday that the software group is a particularly resilient company in the corporate software sector. Unlike its competitors, the

SAP customers switching to the cloud provide a strong impetus for growth. He sees attractive profit potential for SAP, even if demand could remain subdued in the short term./tih/edh

Publication of the original study: 25.01.2024 / 18:00 / GMT

First-time dissemination 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

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