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Fly News Breaks for January 24, 2020
SAP
Jan 24, 2020 | 05:16 EDT
Goldman Sachs analyst Mohammed Moawalla raised his price target for SAP to $196 from $168 and reiterates a Conviction List Buy rating on the shares. SAP has reached an "important inflection point," says the analyst, who now expects "robust" revenue growth led by the cloud to be supplemented by "powerful tailwinds" on cloud gross margin expansion and improving free cash flow conversion.
News For SAP From the Last 2 Days
SAP
Apr 24, 2024 | 12:12 EDT
Berenberg raised the firm's price target on SAP to EUR 195 from EUR 190 and keeps a Buy rating on the shares.
SAP
Apr 24, 2024 | 11:59 EDT
SAP
Apr 24, 2024 | 08:10 EDT
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.
SAP
Apr 24, 2024 | 05:33 EDT
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
