UBS has given SAP a 'Buy' rating and set a target price of 237 euros. Analyst Michael Briest remains confident in the company's growth prospects after speaking with SAP's CFO at a recent UBS event focused on technology and AI.

SAP shares have performed well, reaching around 242.20 euros on Tradegate, a 4.44% increase. The stock has seen a significant rise, closing at 250.50 dollars the previous day, a gain of 4.31%. Over the past year, the stock has experienced notable volatility, with an annual high of 250.50 dollars and an annual low of 147.25 dollars. Trading activity has been strong across multiple exchanges, with prices consistently trending upward throughout the day.

The stock's positive performance is attributed to UBS's 'Buy' rating and the confidence expressed by analyst Michael Briest. This indicates that UBS believes in SAP's growth prospects and potential in the technology and AI sector. The recent increase in share price further supports this positive outlook.