ZURICH (dpa-AFX Broker) - The major Swiss bank UBS has raised its price target for SAP from 168 to 191 euros and left its rating at "Buy". The year 2025 should not be the end, but only the beginning of an upward cycle for the software product S/4, analyst Michael Briest wrote in a study published on Friday. The expert also pointed out that the order backlog for 2023 had increased by 39 percent over the year. Working capital has also developed very well, which speaks for high cash resources./bek/edh

Publication of the original study: 25.01.2024 / 22:50 / GMT

First distribution of the original study: 25.01.2024 / 22:50 / GMT

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