SAP (SAP) Stock: $105 Target From BNP Paribas

By Amit Chowdhry ● Jul 5, 2022
  • The shares of SAP SE (NYSE: SAP) have received a $105 price target from BNP Paribas. These are the details.

The shares of SAP SE (NYSE: SAP) have received a $105 price target from BNP Paribas. And BNP Paribas analyst Stefan Slowinski adjusted the rating on SAP from “Outperform” to “Neutral.”

Slowinski adjusted the rating while seeing near-term risks on the demand side as software spending decisions come under increased scrutiny. And SAP-specific spending intentions have also dropped over the past couple of months.

Plus Slowinski said that the SAP story remains complicated.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.