Read Why This Analyst Sees Sharp Upside In SAP

July 5, 2022 12:29 PM | 1 min read | Make a Comment

Berenberg analyst Nay Soe Naing initiated coverage on SAP SE (NYSE: SAP) with a Buy rating and a €110 price target, implying a 29% upside.
Soe Naing is optimistic about the software powerhouse as it evolves to benefit from the increasing demand for digital transformations and the business shift towards the cloud.
The optimism was due to the confidence in SAP’s transformation into a successful cloud business, the conviction in accomplishing 2025 revenue and gross margin targets, and its commanding market-leader position being a competitive strength.
Soe Naing noticed a pathway toward more than €8 billion in cash flow in 2025.
Price Action: SAP shares traded lower by 2.82% at $88.14 on the last check Tuesday.