SAP shares hit all-time high after upbeat cloud business outlook

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SAP AG (SAP) PT Raised to $259 at CFRA

October 22, 2024 11:59 AM EDT

CFRA analyst Angelo Zino raised the price target on SAP AG (NYSE: SAP) to $259.00 (from $232.00) while maintaining a Buy rating.

The analyst comments "We up our 12-month target to US$259 from US$232 on higher revised P/E of 34.1x our '26 EPS view,... More