SAP shines with Buy rating from Jefferies & Company
The shares of SAP $SAP (-1,82%) recently attracted the attention of analyst Charles Brennan of Jefferies & Company Inc. Despite lowering the price target from 295 to 280 euros ahead of the quarterly figures, the rating remains at 'Buy'. Brennan sees only minor hurdles for SAP to maintain stable business momentum in the first quarter. Notably, while SAP is not immune to a prolonged downturn, it has been a 'relative safe haven' over the past quarter. The new price target is based on moderate adjustments to forecasts, especially given the weak performance of other stocks in the sector. On the day of the analysis, SAP shares fell 4.1 percent to 238.95 euros, but offer a promising upside potential of 17.18 percent compared to the new price target. The trading volume increased to 1,191,970 shares, while the stock gained 1.1 percent over the course of the year. Investors can look forward to the next balance sheet presentation on April 22, 2025, which will provide further insights into the company's performance.
DAX under pressure due to US tariff war
In the US, the announcement of new tariffs is causing unrest on the German stock market. On Thursday, the DAX fell by 3.1 percent to 21,717 points. The news from overseas was seen as a serious burden for the German economy. While a 20 percent tariff on imports from the EU was widely expected, the higher tariffs of over 50 percent on Asian imports surprised many and could trigger a stronger global trade shock. The effects are already being felt: shares in sporting goods manufacturers suffered particularly badly, with Adidas down 11.7 percent and Puma 11.2 percent. Siemens suffered a fall of 8 percent after announcing the takeover of a company for 5.1 billion dollars. In contrast, companies without export exposure, such as Vonovia, showed a positive development and rose by 7.4 percent. Yields on ten-year German government bonds also fell by 8 basis points, while the euro rose by 2 percent to around 1.1050 dollars.
Sources: