- The stock price of SAP (SAP) increased by 4.58% today. This is why.
The stock price of SAP (SAP) increased by 4.58% today.
Why: Research report
Price target: Increased from €105 to €115
Rating: Upgraded to “Overweight” from “Neutral”
Analyst firm: JPMorgan
JPMorgan analysts adjusted the rating while factoring in a no-growth economic environment into forecasts but still sees a significant upside to the shares. And SAP’s cloud transition is priced to fail – which is at odds with how it will materialize. As a result, SAP’s financial profile will transform, positioning the stock as an attractive GARP story on the cusp of inflection.