Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

SAP Gets Price Target Hikes By Analysts Following Q1 Results

SAP SE (NYSE: SAP) reported results for its first quarter on Friday.
byLisa Levin
April 24, 2023
1 minute read
Total
0
Shares
0
0
0
0
0
0

SAP SE (NYSE:SAP) reported results for its first quarter on Friday.

SAP reported first-quarter FY23 revenue growth of 10% year-on-year to €7.44 billion. Non-IFRS EPS (basic) from continuing operations was €1.08.

SAP reduced 2023 cloud revenue at CC from €15.3 billion – €15.7 billion to €14.0 – €14.4 billion to reflect the anticipated divestiture of Qualtrics..

SAP shares gained 5.6% to close at $133.95 on Friday, and lost 0.8% in today’s pre-market trading session.

These analysts made changes to their price targets on SAP following earnings announcement.

  • Barclays raised the price target on SAP from $134 to $136. Barclays analyst Raimo Lenschow maintained an Overweight rating.
  • BMO Capital increased the price target on SAP from $125 to $140. BMO Capital analyst Keith Bachman maintained a Market Perform rating
  • JMP Securities analyst Patrick Walravens, meanwhile, reiterated SAP with a Market Outperform and maintained $170 price target.

 

Read More: Investor Optimism Improves After US Stocks Settle Slightly Higher

 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

This Analyst With 84% Accuracy Rate Boosts PT On Cracker Barrel; Here Are 5 Stock Picks For Last Week From Benzinga’s Most Accurate Analysts

By Lisa Levin
December 5, 8:19 AM
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst's opinion to trust.

APA