On Oct 23, major Wall Street analysts update their ratings for $SAP SE (SAP.US)$, with price targets ranging from $265 to $300.
BofA Securities analyst Frederic Boulan maintains with a buy rating.
Barclays analyst Raimo Lenschow maintains with a buy rating, and adjusts the target price from $252 to $275.
TD Cowen analyst Derrick Wood maintains with a hold rating.
BMO Capital analyst Keith Bachman maintains with a buy rating, and adjusts the target price from $248 to $265.
Oppenheimer analyst Brian Schwartz maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $SAP SE (SAP.US)$'s main analysts recently are as follows:
After a 'strong' Q3, there is a belief that even the upgraded guidance may be modest, with performance exceeding expectations particularly in cloud and software, and earnings before interest and taxes (EBIT). The business is showing better-than-anticipated performance, especially in cost management, and the targets for 2025 are seeming increasingly achievable. This leads to the anticipation of continued positive estimate momentum.
The company showcased a stable current cloud backlog, with the exclusion of WalkMe, and reported a free cash flow that significantly surpassed consensus expectations. Moreover, the implied guidance for Q4 free cash flow appears to be notably conservative. The positive view on the company's long-term cloud conversion narrative continues to be maintained.
Here are the latest investment ratings and price targets for $SAP SE (SAP.US)$ from 6 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
