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:
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.
