Finance
by Giuliana Licini
For Jefferies analysts, the acceleration of growth and the increase in margins expected until 2027 make SAP “a safe haven” in an uncertain economic and sectoral situation
2′ reading
(Il Sole 24 Ore Radiocor) – Sap tops the leading stocks on the Frankfurt Stock Exchange, after the flurry of positive comments from analysts in the wake of a meeting in the USA. The stock of the European number one in business management software marks the biggest rise in the Dax index and among the highest in the Stoxx Europe 600. The share price has gained 28% since the beginning of the year and rose in the first part of the morning up to 180.2 euros, not too far from the absolute record of 184.48 euros reached at the end of March.
Sap eased investor concerns on Wednesday evening during a question-and-answer session with analysts at Sapphire’s annual customer meeting in Orlando, US. Commercial director Scott Russel said that despite the context currently being a bit weak In some industries, customer IT budgets continue to increase. CFO Dominik Asam added that at the moment overall the activity is stable.
For Jefferies analysts accelerating growth and increasing margins expected until 2027 make Sap “a safe haven” in an uncertain economic and sectoral situation. This is why they expect the stock to resume its rise after last week’s decline. Jefferies confirms the “buy” with a price target of 205 euros. For Berenberg experts – who reiterate their advice to buy the stock, with a price target of 195 euros – Sap aims to accelerate the growth of its turnover after 2025 and until 2027 and with these encouraging prospects it exceeds market expectations in the medium term. As for long-term growth, the German company is focusing above all on the cloud, but also on offers related to artificial intelligence. UBS researchers confirmed the ‘buy’ with a price target of 191 euros. Baader Bank also reiterated its purchase recommendation with a reference price of 195 euros.
View on ilsole24ore.com
