Fly News Breaks for January 24, 2020
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.
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