SAP: Jefferies still a buyer
(CercleFinance.com) - Jefferies confirms its buy rating on the SAP stock with a target price of 132 euros.
"SAP is rolling out an industry cloud with vertical focuses and emphasizing the use of the SAP Cloud Platform for extensibility," it says.
"Going forward, SAP will focus its efforts on its core portfolio and applications where it is #1 or #2 in the market - with partnerships likely for the remainder, which could result in a more focused SAP than in past years," analysts add.
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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.
"SAP is rolling out an industry cloud with vertical focuses and emphasizing the use of the SAP Cloud Platform for extensibility," it says.
"Going forward, SAP will focus its efforts on its core portfolio and applications where it is #1 or #2 in the market - with partnerships likely for the remainder, which could result in a more focused SAP than in past years," analysts add.
Copyright (c) 2020 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.