UBS has raised its price target for SAP to 237 euros, up from 222 euros, while keeping its "Buy" rating after the company's impressive third-quarter results.
Analyst Michael Briest emphasized the strong sales momentum and excellent financial performance, noting that SAP's free cash flow has reached 5 billion euros year-to-date.
The positive outlook reflects analysts' confidence in SAP's continued success in the software market and its potential for growth. UBS's updated target price demonstrates their belief in SAP's ability to deliver strong results in the future.