SAP: UBS still a buyer
(CercleFinance.com) - UBS confirms its buy rating on the SAP share, along with its target price of E140.
"We think macro headwinds worsened in Q3 and we trim our cloud growth estimates, but SAP still stands out in the sector as well-placed to weather the storms".
In its summary, UBS also highlights comments from SAP management, which it believes remain robust regarding demand despite the macroeconomic context.
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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.
"We think macro headwinds worsened in Q3 and we trim our cloud growth estimates, but SAP still stands out in the sector as well-placed to weather the storms".
In its summary, UBS also highlights comments from SAP management, which it believes remain robust regarding demand despite the macroeconomic context.
Copyright (c) 2023 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.