FRANKFURT (dpa-AFX Broker) - Deutsche Bank Research has raised the price target for SAP from 145 to 170 euros and left the rating at "Buy". 2024 should be a good year for the software industry in Europe, analyst Johannes Schaller wrote in a sector study published on Monday. Falling interest rates are likely to provide scope for rising valuations, especially as these are below the highs seen at the end of 2021 for some companies in the sector. Until now, the expert has tended to favor structural growth themes such as SAP with its transition to the cloud, but he is now slowly warming up to the more cyclical sector with technical software./tav/ajx

Publication of the original study: Date not specified in study / Time not specified in study / CET First dissemination of the original study: 22/01/2024 / 06:45 / CET

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