UBS has raised its target price for SAP to 237 euros, up from 222 euros, while maintaining a "buy" recommendation.
This comes after SAP reported strong third-quarter results, with analyst Michael Briest noting the company's robust sales momentum and solid earnings.
SAP's free cash flow has been impressive, surpassing 5 billion euros since the beginning of the year, indicating a positive financial outlook.
UBS's updated target price reflects their confidence in SAP's ongoing performance in the software market.