Oppenheimer analyst Brian Schwartz raised his price target for SAP to $130 from $125 on positive cloud business momentum. The analyst thinks the company's technology vision for the customer experience market opportunity is underappreciated by the Street despite having good alignment with the category's secular shifts. He reiterates an Outperform rating on the shares.
HSBC raised the firm's price target on SAP to EUR 200 from EUR 180 and keeps a Buy rating on the shares. The company's Q1 report was "solid even if not spectacular" as it sees continued strong momentum, the analyst tells investors in a research note. The firm says SAP's long-term revenue growth prospects are supported by a shift to cloud combined with monetization of its artificial intelligence opportunity.
Barclays lowered the firm's price target on SAP to $210 from $212 and keeps an Overweight rating on the shares post the Q1 report. SAP is well positioned for artificial intelligence, but the near-term financial impact is likely to be limited, while any restructuring creep should drive further EBIT upside, files to sell common stock, no amount given
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