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Recommendations
SAP price target lowered to EUR 107 from EUR 132 at UBS » 15:06
07/26/22
07/26
15:06
07/26/22
15:06
SAP

SAP

$89.96 /

-2.05 (-2.23%)

UBS analyst Michael…

UBS analyst Michael Briest lowered the firm's price target on SAP to EUR 107 from EUR 132 and keeps a Buy rating on the shares.

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SAP SAP
$89.96 /

-2.05 (-2.23%)

SAP SAP
$89.96 /

-2.05 (-2.23%)

07/22/22 Deutsche Bank
SAP price target lowered to EUR 115 from EUR 120 at Deutsche Bank
07/22/22 Barclays
SAP price target lowered to $106 from $108 at Barclays
07/21/22 Oppenheimer
Oppenheimer says investors likely disappointed with steeper deterioration at SAP
07/21/22 Jefferies
SAP gave 'silver lining' to 'mixed' quarter, says Jefferies
SAP SAP
$89.96 /

-2.05 (-2.23%)

SAP SAP
$89.96 /

-2.05 (-2.23%)

SAP SAP
$89.96 /

-2.05 (-2.23%)

SAP SAP
$89.96 /

-2.05 (-2.23%)

Recommendations
SAP price target lowered to EUR 115 from EUR 120 at Deutsche Bank » 14:29
07/22/22
07/22
14:29
07/22/22
14:29
SAP

SAP

$93.39 /

+3.13 (+3.47%)

Deutsche Bank analyst…

Deutsche Bank analyst Johannes Schaller lowered the firm's price target on SAP to EUR 115 from EUR 120 and keeps a Buy rating on the shares.

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SAP SAP
$93.39 /

+3.13 (+3.47%)

SAP SAP
$93.39 /

+3.13 (+3.47%)

07/22/22 Barclays
SAP price target lowered to $106 from $108 at Barclays
07/21/22 Oppenheimer
Oppenheimer says investors likely disappointed with steeper deterioration at SAP
07/21/22 Jefferies
SAP gave 'silver lining' to 'mixed' quarter, says Jefferies
07/14/22 Morgan Stanley
SAP price target lowered to EUR 122 from EUR 134 at Morgan Stanley
SAP SAP
$93.39 /

+3.13 (+3.47%)

SAP SAP
$93.39 /

+3.13 (+3.47%)

SAP SAP
$93.39 /

+3.13 (+3.47%)

SAP SAP
$93.39 /

+3.13 (+3.47%)

Recommendations
SAP price target lowered to $106 from $108 at Barclays » 06:16
07/22/22
07/22
06:16
07/22/22
06:16
SAP

SAP

$90.27 /

-1.975 (-2.14%)

Barclays analyst Raimo…

Barclays analyst Raimo Lenschow lowered the firm's price target on SAP to $106 from $108 and keeps an Equal Weight rating on the shares. Expectations had been managed on SAP into the quarter, and the move lower in consensus halved the adjusted EBIT miss, Lenschow tells investors in a research note. The fiscal year guidance cut was unexpected though, especially following reiterations in the quarter, and couldn't be avoided after an incremental license miss, says the analyst.

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SAP SAP
$90.27 /

-1.975 (-2.14%)

SAP SAP
$90.27 /

-1.975 (-2.14%)

07/21/22 Oppenheimer
Oppenheimer says investors likely disappointed with steeper deterioration at SAP
07/21/22 Jefferies
SAP gave 'silver lining' to 'mixed' quarter, says Jefferies
07/14/22 Morgan Stanley
SAP price target lowered to EUR 122 from EUR 134 at Morgan Stanley
07/12/22 BMO Capital
SAP price target lowered to $105 from $112 at BMO Capital
SAP SAP
$90.27 /

-1.975 (-2.14%)

SAP SAP
$90.27 /

-1.975 (-2.14%)

SAP SAP
$90.27 /

-1.975 (-2.14%)

SAP SAP
$90.27 /

-1.975 (-2.14%)

Recommendations
Oppenheimer says investors likely disappointed with steeper deterioration at SAP » 13:15
07/21/22
07/21
13:15
07/21/22
13:15
SAP

SAP

$89.54 /

-2.7 (-2.93%)

After SAP reported…

After SAP reported "mixed" Q2 results that included cloud results that were better than feared being offset by soft license revenue, an EBIT miss in the quarter and a downward revision to 2022 EBIT guidance, Oppenheimer analyst Brian Schwartz said investors are likely to be disappointed with a steeper license and EBIT deterioration this fiscal year. Despite an expected adjustment to the out year and longer-term financial targets, he maintains a Perform rating on SAP given what he views as "a lack of perceived near-term catalysts."

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SAP SAP
$89.54 /

-2.7 (-2.93%)

SAP SAP
$89.54 /

-2.7 (-2.93%)

07/21/22 Jefferies
SAP gave 'silver lining' to 'mixed' quarter, says Jefferies
07/14/22 Morgan Stanley
SAP price target lowered to EUR 122 from EUR 134 at Morgan Stanley
07/12/22 BMO Capital
SAP price target lowered to $105 from $112 at BMO Capital
07/08/22 Credit Suisse
SAP assumed with an Outperform at Credit Suisse
SAP SAP
$89.54 /

-2.7 (-2.93%)

SAP SAP
$89.54 /

-2.7 (-2.93%)

SAP SAP
$89.54 /

-2.7 (-2.93%)

SAP SAP
$89.54 /

-2.7 (-2.93%)

Recommendations
SAP gave 'silver lining' to 'mixed' quarter, says Jefferies » 13:02
07/21/22
07/21
13:02
07/21/22
13:02
SAP

SAP

$89.50 /

-2.74 (-2.97%)

Jefferies analyst Charles…

Jefferies analyst Charles Brennan reiterates a Buy rating on SAP with an EUR 105 price target following the "mixed" Q2 results. The company showed solid progress in the cloud, but this was offset by lower profitability, Brennan tells investors in a research note. However, SAP provided a "silver lining" by implying it would positively upgrade fiscal 2025 revenue and profit targets in the upcoming quarters, adds the analyst. Brennan, though, finds it "a little unconventional to flag such intentions so far out." As a result, investors may well want to see the detail before fully pricing in the upside, he writes.

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SAP SAP
$89.50 /

-2.74 (-2.97%)

SAP SAP
$89.50 /

-2.74 (-2.97%)

07/14/22 Morgan Stanley
SAP price target lowered to EUR 122 from EUR 134 at Morgan Stanley
07/12/22 BMO Capital
SAP price target lowered to $105 from $112 at BMO Capital
07/08/22 Credit Suisse
SAP assumed with an Outperform at Credit Suisse
07/06/22 Barclays
SAP downgraded to Equal Weight from Overweight at Barclays
SAP SAP
$89.50 /

-2.74 (-2.97%)

SAP SAP
$89.50 /

-2.74 (-2.97%)

SAP SAP
$89.50 /

-2.74 (-2.97%)

SAP SAP
$89.50 /

-2.74 (-2.97%)

Hot Stocks
SAP announces new EUR 500M share repurchase program » 05:24
07/21/22
07/21
05:24
07/21/22
05:24
SAP

SAP

$92.30 /

-0.07 (-0.08%)

SAP announced a new share…

SAP announced a new share repurchase program. The program, with a volume of up to EUR 500M, is planned to be executed in the period between August 1 and December 31. It will be implemented based on the authorization granted by the annual general meeting of SAP on May 17, 2018, and in compliance with the restrictions set forth therein. Repurchased shares will primarily be used to service awards granted under share-based compensation plans for employees.

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SAP SAP
$92.30 /

-0.07 (-0.08%)

SAP SAP
$92.30 /

-0.07 (-0.08%)

07/14/22 Morgan Stanley
SAP price target lowered to EUR 122 from EUR 134 at Morgan Stanley
07/12/22 BMO Capital
SAP price target lowered to $105 from $112 at BMO Capital
07/08/22 Credit Suisse
SAP assumed with an Outperform at Credit Suisse
07/06/22 Barclays
SAP downgraded to Equal Weight from Overweight at Barclays
SAP SAP
$92.30 /

-0.07 (-0.08%)

SAP SAP
$92.30 /

-0.07 (-0.08%)

SAP SAP
$92.30 /

-0.07 (-0.08%)

SAP SAP
$92.30 /

-0.07 (-0.08%)

Hot Stocks
SAP backs FY22 cloud revenue view up 23%-26% » 05:22
07/21/22
07/21
05:22
07/21/22
05:22
SAP

SAP

$92.30 /

-0.07 (-0.08%)

Sees FY22 free cash flow…

Sees FY22 free cash flow above EUR 4.5B.

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SAP SAP
$92.30 /

-0.07 (-0.08%)

SAP SAP
$92.30 /

-0.07 (-0.08%)

07/14/22 Morgan Stanley
SAP price target lowered to EUR 122 from EUR 134 at Morgan Stanley
07/12/22 BMO Capital
SAP price target lowered to $105 from $112 at BMO Capital
07/08/22 Credit Suisse
SAP assumed with an Outperform at Credit Suisse
07/06/22 Barclays
SAP downgraded to Equal Weight from Overweight at Barclays
SAP SAP
$92.30 /

-0.07 (-0.08%)

SAP SAP
$92.30 /

-0.07 (-0.08%)

SAP SAP
$92.30 /

-0.07 (-0.08%)

SAP SAP
$92.30 /

-0.07 (-0.08%)

Earnings
SAP reports Q2 non-IFRS EPS EUR 0.96 vs EUR 1.75 last year » 05:21
07/21/22
07/21
05:21
07/21/22
05:21
SAP

SAP

$92.30 /

-0.07 (-0.08%)

Reports Q2 revenue EUR…

Reports Q2 revenue EUR 7.52B vs. EUR 6.67B last year. Current cloud backlog exceeds EUR 10B, up 34% and up 25% at constant currencies. Christian Klein, CEO: "As our Q2 results demonstrate, SAP's portfolio is more relevant than ever. Our transition to the cloud is ahead of schedule and we have exceeded topline expectations, with cloud revenue becoming SAP's largest revenue stream. Our pipeline is strong, and we are winning market share underpinned by the very strong 100% growth of S/4HANA current cloud backlog."

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SAP SAP
$92.30 /

-0.07 (-0.08%)

SAP SAP
$92.30 /

-0.07 (-0.08%)

07/14/22 Morgan Stanley
SAP price target lowered to EUR 122 from EUR 134 at Morgan Stanley
07/12/22 BMO Capital
SAP price target lowered to $105 from $112 at BMO Capital
07/08/22 Credit Suisse
SAP assumed with an Outperform at Credit Suisse
07/06/22 Barclays
SAP downgraded to Equal Weight from Overweight at Barclays
SAP SAP
$92.30 /

-0.07 (-0.08%)

SAP SAP
$92.30 /

-0.07 (-0.08%)

SAP SAP
$92.30 /

-0.07 (-0.08%)

SAP SAP
$92.30 /

-0.07 (-0.08%)

Over a month ago
Recommendations
SAP price target lowered to EUR 122 from EUR 134 at Morgan Stanley » 14:09
07/14/22
07/14
14:09
07/14/22
14:09
SAP

SAP

$85.04 /

-0.94 (-1.09%)

Morgan Stanley analyst…

Morgan Stanley analyst Adam Wood lowered the firm's price target on SAP to EUR 122 from EUR 134 and keeps an Overweight rating on the shares.

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SAP SAP
$85.04 /

-0.94 (-1.09%)

SAP SAP
$85.04 /

-0.94 (-1.09%)

07/12/22 BMO Capital
SAP price target lowered to $105 from $112 at BMO Capital
07/08/22 Credit Suisse
SAP assumed with an Outperform at Credit Suisse
07/06/22 Barclays
SAP downgraded to Equal Weight from Overweight at Barclays
07/05/22 JPMorgan
SAP price target lowered to EUR 105 from EUR 115 at JPMorgan
SAP SAP
$85.04 /

-0.94 (-1.09%)

SAP SAP
$85.04 /

-0.94 (-1.09%)

SAP SAP
$85.04 /

-0.94 (-1.09%)

SAP SAP
$85.04 /

-0.94 (-1.09%)

Recommendations
SAP price target lowered to $105 from $112 at BMO Capital » 07:36
07/12/22
07/12
07:36
07/12/22
07:36
SAP

SAP

$88.34 /

-2.32 (-2.56%)

BMO Capital analyst Keith…

BMO Capital analyst Keith Bachman lowered the firm's price target on SAP to $105 from $112 and keeps a Market Perform rating on the shares. The company's exposure to "big ticket" solutions and Europe leave Sap vulnerable to the increasingly concerning macro backdrop, the analyst tells investors in a research note. Bachman adds that he is lowering his FY22 operating income estimate for the company from EUR8.6B to EUR8.1B, which is about EUR100M below consensus.

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SAP SAP
$88.34 /

-2.32 (-2.56%)

SAP SAP
$88.34 /

-2.32 (-2.56%)

07/08/22 Credit Suisse
SAP assumed with an Outperform at Credit Suisse
07/06/22 Barclays
SAP downgraded to Equal Weight from Overweight at Barclays
07/05/22 JPMorgan
SAP price target lowered to EUR 105 from EUR 115 at JPMorgan
07/05/22 Berenberg
SAP initiated with a Buy at Berenberg
SAP SAP
$88.34 /

-2.32 (-2.56%)

SAP SAP
$88.34 /

-2.32 (-2.56%)

SAP SAP
$88.34 /

-2.32 (-2.56%)

SAP SAP
$88.34 /

-2.32 (-2.56%)

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