Argus Research analyst Joseph Bonner maintains $SAP SE (SAP.US)$ with a buy rating, and adjusts the target price from $240 to $265.
According to TipRanks data, the analyst has a success rate of 64.5% and a total average return of 12.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SAP SE (SAP.US)$'s main analysts recently are as follows:
Following a robust third quarter, it is perceived that even the elevated guidance might be understated. The company is advancing in terms of cloud and software, as well as earnings before interest and taxes. With the company's performance surpassing expectations, particularly in cost management, and its goals for 2025 seeming increasingly modest, there is potential for continued positive revisions to forecasts.
The company showcased a consistent current cloud backlog, not counting WalkMe, and its free cash flow considerably exceeded consensus expectations. Additionally, the implied guidance for Q4 free cash flow appears remarkably conservative, supporting a positive outlook on the company's long-term cloud conversion narrative.
Note:
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