UBS AG has reiterated its "Buy" rating for SAP SE, with a target price of 237 euros.
Analyst Michael Briest remains confident in the company's growth acceleration, which was discussed with the CFO at a recent UBS technology and AI event.
As of 11:36 a.m. during the XETRA session, SAP SE shares rose by 1.7 percent to EUR 236.95, indicating potential for further gains.
The stock has seen a significant increase of 72.0% since the beginning of 2024, with 317,643 shares traded on XETRA.
Investors are eagerly awaiting SAP SE's Q4 2024 results, which are scheduled to be released on January 28, 2025.