SAP Beats Q3 Expectations, Analysts Expect 'Big Cash-Flow Ramp In 2025'

Benzinga · Oct 22 23:59

Shares ofSAP SE(NYSE:SAP)continued to rise in early trading on Tuesday after the company reported its third-quarter results.

The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.

KeyBanc Capital Markets OnSAP

Analyst Jackson Ader reaffirmed an Overweight rating, while raising the price target from $230 to $270.

SAP delivered another quarter of more than 30% Cloud ERP growth and accelerated organic growth in constant currency terms, Ader said in a note. Current cloud backlog (CCB) grew 29%, up from 28% in the second quarter, he added.

"FX headwinds actually caused the reported number...

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SAP Beats Q3 Expectations, Analysts Expect 'Big Cash-Flow Ramp In 2025'

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