SAP (SAP) Stock: Why It Increased 4.58%

By Amit Chowdhry ● Oct 23, 2022
  • 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.