SAP's 'buy' recommendation from UBS has been maintained, with the price target raised from 222 to 237 euros. This suggests a potential 12% increase in the stock.
The adjustment comes after SAP's strong performance in its recent quarterly report. Despite macroeconomic challenges, SAP has revised its targets slightly upwards, indicating resilience in its business model. UBS emphasized the robustness of the ongoing modernization cycle within the company, which contributes to its positive outlook.