SAP : UBS raises TP for stock
(CercleFinance.com) - The analyst confirms his buy recommendation on the stock, with a price target raised to E222 (from E191), representing upside potential of 17%.
SAP's maintenance lifecycle gives it enormous visibility on migration to the cloud. Q2 should be in line, but an acceleration beyond 2025 is expected, UBS says.
SAP has confirmed its forecasts, with annual cloud sales still expected between E17bn and E17.3bn, representing growth of 24% to 27% at constant exchange rates.
Operating profit is expected to between E7.6bn and E7.9bn this year in non-IFRS figures, representing growth of between 17% and 21% at constant exchange rates.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
SAP's maintenance lifecycle gives it enormous visibility on migration to the cloud. Q2 should be in line, but an acceleration beyond 2025 is expected, UBS says.
SAP has confirmed its forecasts, with annual cloud sales still expected between E17bn and E17.3bn, representing growth of 24% to 27% at constant exchange rates.
Operating profit is expected to between E7.6bn and E7.9bn this year in non-IFRS figures, representing growth of between 17% and 21% at constant exchange rates.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.