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UBS lowers SAP price target to 265 euros while maintaining buy rating
UBS has reduced its price target for SAP from 283 to 265 euros while maintaining a "buy" rating. Analyst Michael Briest noted that despite a gloomy management tone and concerns over a potential customs conflict, the company is managing well and anticipates a positive market response.
UBS lowers SAP price target to 265 euros while maintaining buy rating
UBS has reduced its price target for SAP from 283 to 265 euros while maintaining a "Buy" rating. Analyst Michael Briest noted that despite a gloomy management outlook and concerns over a potential customs conflict, the company is managing well and anticipates a positive market response.
ubs maintains buy rating on sap while lowering target price
UBS maintains its 'buy' rating on SAP shares but has reduced its target price from €283 to €265, indicating a 21% upside potential. Despite exceeding Q1 expectations, SAP has acknowledged macroeconomic risks, though its strong visibility positions it well to safeguard margins and free cash flow.
UBS maintains buy rating on SAP while reducing target price to 265 euros
UBS maintains a 'buy' rating on SAP but has reduced its target price from 283 to 265 euros, indicating a 21% upside potential. The German software company surpassed first-quarter expectations, though it acknowledged macroeconomic risks that could impact its outlook. UBS highlights SAP's strong visibility, which positions it well to safeguard its margins and free cash flow.
UBS lowers SAP price target but maintains buy rating amid challenges
UBS has reduced its price target for SAP from 283 to 265 euros while maintaining a "Buy" rating. Analyst Michael Briest noted that despite a gloomy management outlook and concerns over escalating customs conflicts, SAP is managing well and anticipates a positive market response.
innovations in cash management through open apis and digital trends
Raiffeisen Bank International (RBI) is enhancing cash management through Open APIs, enabling real-time access to financial data and seamless integration with treasury management systems. By 2025, all RBI network banks in Central and Eastern Europe will be connected via internal real-time APIs, allowing centralized access to cash management data. Innovations like AI, machine learning, and big data analytics are set to further improve predictive analysis and cash flow management for large companies.
AIREV secures funding to expand AI platform into new markets
AIREV, a UAE-based AI startup, has secured investment from Venturewave Capital to expand its On-Demand AI operating system into new markets, including Ireland. This decentralized platform enables users to create custom AI applications by integrating various large language models and enterprise systems. With over 4 million global users, AIREV is also in discussions with Fortune 500 semiconductor companies.
Ryan Smith and Accel partner launch billion dollar sports tech venture fund
Ryan Smith, owner of the NBA’s Utah Jazz, and Accel partner Ryan Sweeney have launched a $1 billion venture capital fund, Halo Experience (HX One), aimed at investing in growth-stage startups at the intersection of technology and sports. Headquartered in Utah, the fund seeks to capitalize on the rapidly expanding sports tech market, projected to grow from $14.7 billion in 2023 to $55 billion by 2030, while focusing on enhancing fan engagement through innovative technologies.
Workday appoints Jess O'Reilly to lead growth in ASEAN region
Workday has appointed Jess O’Reilly as general manager for the ASEAN region, based in Singapore, to enhance growth strategy and client relationships. With over 15 years in tech, including roles at Salesforce and UiPath, her leadership comes as the ASEAN HR software market is projected to grow significantly, driven by digital transformation and increasing demand for talent management solutions. O’Reilly's experience will be vital as Workday navigates a competitive landscape with major players like SAP and Oracle.
musk's trillion dollar spending cuts raise concerns for tech investors
Elon Musk's proposal to cut federal spending by $1 trillion is alarming tech investors, particularly those in companies reliant on government contracts. Major firms like Microsoft, Oracle, and Accenture may face revenue pressures, with some stocks already dropping over 20% since the last election. Earnings growth forecasts for software and services firms in 2025 have been revised down to 11.6%, reflecting heightened investor caution despite Musk's assurances regarding his commitment to the Department of Government Efficiency (DOGE).