SAP: UBS upgrades stock
(CercleFinance.com) - UBS has upgraded its rating on the SAP stock from "neutral" to "buy," having nudged up its target price for the share from 108 euros to 110 euros, which represents upside potential of 15%, following the software package publisher's trading update last week.
In addition to consensus expectations on licenses and profitability that are now more temperate, the broker highlights the strong growth that the German group continues to notch up in the cloud.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In addition to consensus expectations on licenses and profitability that are now more temperate, the broker highlights the strong growth that the German group continues to notch up in the cloud.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.