UBS has raised its price target for SAP to 237 euros, up from 222 euros, while maintaining a "Buy" rating. This comes after SAP's strong performance in the third quarter.
Analyst Michael Briest highlighted the company's robust sales momentum and impressive results, particularly noting a significant free cash flow of 5 billion euros year-to-date.
On October 22, SAP shares were trading at 218.20 euros, reflecting a 3.53% increase from the previous day. The stock has seen fluctuations across different trading venues, with prices ranging from 217.90 euros in Düsseldorf to 221.65 euros in Hanover. The annual high for SAP shares is 223.20 euros, while the annual low is 122.46 euros.