From Investing.com: 2025-01-17 05:42:37

TD Cowen upgraded SAP SE ADR (NYSE:) stock to Buy, with a new price target of $305. Analysts praised SAP’s growth execution in 2024 and optimistic outlook. ERP saw a rise in SaaS spend priorities for 2025. SAP partners expect a healthier growth outlook for 2025. Cloud ERP demand is expected to accelerate over the next three years, benefiting SAP. The company is positioned to benefit from AI, with early traction for new features. Q4 earnings report on January 28 is expected to show strong Cloud growth. US dollar strength provides growth tailwind, prompting FY25 estimates increase. SAP’s valuations are expected to continue rising due to accelerating growth and margin expansion trends. Operating margins are projected to rise significantly over the next few years, supporting a strong forward two-year CAGR in operating profit.



Read more at Investing.com: TD Cowen upgrades SAP stock to Buy, expects valuations to rise on strong growth By Investing.com