SAP is trading 3.05% higher at €202.95, with analyst target increases providing the clearest company-specific signal ahead of earnings, though reporting does not establish a definitive cause for the move.
- TD Cowen raised its target to $250 from $205, maintained a Buy rating and cited checks indicating sustained cloud-migration strength ahead of SAP’s October 21 earnings report.
- Barclays raised its target to $243 in an earnings preview.
- Broader technology shares faced pressure from inflation and interest-rate concerns.