Reported about 19 hours ago
Piper Sandler has reaffirmed its Overweight rating on SAP SE (NYSE:SAP), adjusting the price target to €345 following solid growth in SAP's cloud ERP segment, which saw a 34% year-over-year increase. However, challenges in the U.S. public sector and manufacturing due to trade uncertainties may impact performance in the second half of 2025, leading the firm to lower its revenue forecasts while still considering SAP a leading large-cap software stock, alongside Microsoft and Oracle.
Source: YAHOO