TD Cowen trimmed SAP SE Sponsored ADR (XETR:SAP) price target to $210 amid a near‑term valuation reset even as SAP completes its Prior Labs acquisition and pledges over €1 billion to build it into a global frontier AI lab focused on structured data, reshaping SAP’s strategy.
Previous Week Recap
- TD Cowen Cuts SAP Target: TD Cowen cut SAP SE ADR (SAP) price target to $210 from $230, citing updated near‑term valuation. No earnings, guidance, or transaction details were disclosed.
- SAP To Invest €1B In AI Lab: SAP completed acquisition of Prior Labs and will invest over €1 billion in the next four years to build it into a global frontier AI lab focused on structured data, affecting SAP (ADR) strategy.
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