SAP Price Target Trimmed to $195 as Enhanced Joule-Led AI Strategy Underpins Buy Rating
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TD Cowen analyst Derrick Wood has maintained a Buy rating on SAP stock, trimming the price target to $195 due to sector valuation pressure. He cites SAP's evolving AI strategy, including the Joule Work engagement layer and improved orchestration capabilities, as key factors for customer adoption and long-term growth. Despite slow AI traction, Wood believes the enhanced AI portfolio justifies a positive outlook. Berenberg Bank also supports the stock with a Buy rating and a €215.00 price target.
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