SAP Stock (NYSE:SAP), Trade Ideas

Founded in 1972 by former IBM employees, SAP provides database technology and enterprise resource planning software to enterprises around the world. Across more than 180 countries, the company serves 440,000 customers, approximately 80% of which are small- to medium-size enterprises.

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Corporate profit growth rose in Q3 2023 and is expected to continue in Q1.

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Barclays analyst Raimo Lenschow maintains SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) with a Overweight and lowers the price target from $212 to $210.

Price Target

Analyst Ratings

Barclays Maintains Overweight on SAP, Lowers Price Target to $210

Danfoss Has Chosen HPE GreenLake For SAP S/4HANA Cloud Within The RISE With SAP Program And Deployed In Danfoss Data Centers To Accelerate The Company's Sustainable Cloud Journey

Throughout the last three months, 6 analysts have evaluated SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>), offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $206.33, a high estimate of $220.00, and a low estimate of $189.00. Observing a 15.06% increase, the current average has risen from the previous average price target of $179.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1713873648_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of SAP among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Patrick Walravens</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$220.00</td>
<td>$204.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$212.00</td>
<td>$189.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$215.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$189.00</td>
<td>$156.00</td>
</tr>
<tr>
<td>Mohammed Moawalla</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$207.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$195.00</td>
<td>$147.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to SAP. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of SAP compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of SAP's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into SAP's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/SAP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on SAP analyst ratings.</a>
<h2>All You Need to Know About SAP</h2>
Founded in 1972 by former IBM employees, SAP provides database technology and enterprise resource planning software to enterprises around the world. Across more than 180 countries, the company serves 440,000 customers, approximately 80% of which are small- to medium-size enterprises.
<h3>SAP: A Financial Overview</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: SAP's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 5.02%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: SAP's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 15.51%, the company may face hurdles in effective cost management.
Return on Equity (ROE): SAP's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 3.05%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): SAP's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.93%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: SAP's debt-to-equity ratio is below the industry average at 0.2, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Basics of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About SAP Stock

WIIM

SAP shares are trading higher after the company reported Q1 financial results.

JMP Securities analyst Patrick Walravens maintains SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) with a Market Outperform and raises the price target from $204 to $220.

JMP Securities Maintains Market Outperform on SAP, Raises Price Target to $220

For 2024, SAP continues to expect:&nbsp;
<ul>
<li>&euro;17.0 &ndash; 17.3 billion cloud revenue at constant currencies (2023: &euro;13.66 billion), up&nbsp;24%&nbsp;to&nbsp;27%&nbsp;at constant currencies.</li>
<li>&euro;29.0 &ndash; 29.5 billion cloud and software revenue at constant currencies (2023: &euro;26.92 billion), up&nbsp;8%&nbsp;to&nbsp;10%&nbsp;at constant currencies.</li>
<li>&euro;7.6 &ndash; 7.9 billion non-IFRS operating profit at constant currencies (2023: &euro;6.51 billion based on updated non-IFRS operating profit definition), up&nbsp;17%&nbsp;to&nbsp;21%&nbsp;at constant currencies.</li>
<li>Free cash flow of approximately &euro;3.5 billion (2023: &euro;5.09 billion).</li>
<li>An effective tax rate (non-IFRS) of approximately&nbsp;32%&nbsp;(2023:&nbsp;30.3%&nbsp;based on updated tax rate definition (non-IFRS))</li>
</ul>

Guidance

SAP Expects To Exit 2024 At Headcount Similar To Year-End 2023

SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) reported quarterly Adj earnings of $0.88 per share which missed the analyst consensus estimate of $1.11 by 20.72 percent. This is a 24.14 percent decrease over earnings of $1.16 per share from the same period last year. The company reported quarterly sales of $8.73 billion which beat the analyst consensus estimate of $8.56 billion by 2.02 percent. This is a 9.35 percent increase over sales of $7.99 billion the same period last year.

Earnings

SAP Q1 Adj EPS $0.88 Misses $1.11 Estimate, Sales $8.73B Beat $8.56B Estimate

SAP shares are trading lower after the company reported Q1 financial results.

SAP Q1 Non-IFRS Total Revenue Up 8% To €8.041B; Outlook 2024 Reaffirmed

<h3>Companies Reporting Before The Bell</h3>
&bull; MainStreet Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSB#NASDAQ">MNSB</a>) is projected to report quarterly earnings at $0.52 per share on revenue of $17.10 million.
&bull; Dynex Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DX#NYSE">DX</a>) is likely to report quarterly loss at $0.09 per share on revenue of $-570 thousand.
&bull; Zions Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) is projected to report quarterly earnings at $0.98 per share on revenue of $743.48 million.
&bull; Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) is likely to report quarterly earnings at $1.12 per share on revenue of $33.24 billion.
&bull; HBT Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBT#NASDAQ">HBT</a>) is projected to report quarterly earnings at $0.55 per share on revenue of $56.63 million.
&bull; AZZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) is projected to report quarterly earnings at $0.70 per share on revenue of $351.67 million.
&bull; Truist Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>) is estimated to report quarterly earnings at $0.80 per share on revenue of $5.70 billion.
&bull; Sify Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $149.30 million.
&bull; Washington Trust Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WASH#NASDAQ">WASH</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $31.50 million.
&bull; Bank of Hawaii (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOH#NYSE">BOH</a>) is estimated to report quarterly earnings at $0.87 per share on revenue of $160.21 million.
&bull; Kaspi.kz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSPI#NASDAQ">KSPI</a>) is estimated to report earnings for its first quarter.
&bull; Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $18.47 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Globe Life (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>) is expected to report quarterly earnings at $2.79 per share on revenue of $1.42 billion.
&bull; NBT Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBTB#NASDAQ">NBTB</a>) is likely to report quarterly earnings at $0.68 per share on revenue of $135.32 million.
&bull; Simpson Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSD#NYSE">SSD</a>) is expected to report quarterly earnings at $1.92 per share on revenue of $549.85 million.
&bull; Crane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CR#NYSE">CR</a>) is projected to report quarterly earnings at $1.12 per share on revenue of $546.38 million.
&bull; Hexcel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HXL#NYSE">HXL</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $473.78 million.
&bull; RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) is expected to report quarterly earnings at $1.60 per share on revenue of $367.78 million.
&bull; Alexandria Real Estate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>) is likely to report quarterly earnings at $2.32 per share on revenue of $772.57 million.
&bull; Ameriprise Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>) is expected to report quarterly earnings at $8.20 per share on revenue of $4.12 billion.
&bull; Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $5.35 billion.
&bull; SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) is expected to report quarterly earnings at $1.11 per share on revenue of $8.56 billion.
&bull; AGNC Investment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NASDAQ">AGNC</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $473.78 million.
&bull; Servisfirst Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFBS#NYSE">SFBS</a>) is expected to report quarterly earnings at $0.88 per share on revenue of $109.10 million.
&bull; HealthStream (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSTM#NASDAQ">HSTM</a>) is likely to report quarterly earnings at $0.11 per share on revenue of $72.02 million.
&bull; Lufax Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LU#NYSE">LU</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $1.02 billion.
&bull; Equity Lifestyle Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $387.14 million.
&bull; SmartFinancial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMBK#NYSE">SMBK</a>) is expected to report quarterly earnings at $0.41 per share on revenue of $39.14 million.
&bull; Trustco Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRST#NASDAQ">TRST</a>) is expected to report quarterly earnings at $0.60 per share on revenue of $43.13 million.
&bull; Independent Bank Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBTX#NASDAQ">IBTX</a>) is expected to report quarterly earnings at $0.59 per share on revenue of $121.39 million.
&bull; Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) is likely to report quarterly earnings at $2.46 per share on revenue of $512.58 million.
&bull; Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) is likely to report quarterly earnings at $0.98 per share on revenue of $187.46 million.
&bull; Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) is likely to report quarterly earnings at $1.13 per share on revenue of $1.00 billion.
&bull; Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) is estimated to report quarterly earnings at $1.06 per share on revenue of $1.22 billion.
&bull; Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) is likely to report quarterly earnings at $1.56 per share on revenue of $423.19 million.
&bull; Cadence Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CADE#NYSE">CADE</a>) is expected to report quarterly earnings at $0.55 per share on revenue of $427.01 million.
&bull; SPDR ICE Preferred Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSK#NYSE">PSK</a>) is estimated to report quarterly earnings at $0.18 per share on revenue of $129.00 million.
&bull; Enterprise Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFSC#NASDAQ">EFSC</a>) is expected to report quarterly earnings at $1.11 per share on revenue of $157.33 million.
&bull; RBB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBB#NASDAQ">RBB</a>) is likely to report quarterly earnings at $0.34 per share on revenue of $27.65 million.
&bull; Calix (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>) is likely to report quarterly earnings at $0.20 per share on revenue of $228.14 million.
&bull; First Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRBA#NASDAQ">FRBA</a>) is estimated to report quarterly earnings at $0.42 per share on revenue of $31.41 million.
&bull; Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) is likely to report quarterly earnings at $1.62 per share on revenue of $1.90 billion.
&bull; Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) is likely to report quarterly earnings at $3.85 per share on revenue of $8.51 billion.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For April 22, 2024

&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4146199-1&amp;h=1687494781&amp;u=http%3A%2F%2Fwww.sap.com%2F&amp;a=SAP+SE" target="_blank">SAP SE</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) today announced AI advancements in its supply chain solutions&nbsp;that will unleash a transformative wave of productivity, efficiency and precision in manufacturing.&nbsp;AI-driven insights from real-time data will help companies&nbsp;use&nbsp;their own data to&nbsp;make better&nbsp;decisions across supply chains, streamline product development and improve manufacturing efficiency.

SAP Showcases AI-Driven Supply-Chain Innovations to Transform Manufacturing

As the <a href="https://www.benzinga.com/news/large-cap/24/04/38342737/nasdaq-100-notches-worst-day-since-late-2023-worst-week-since-late-2022-as-ai-driven-chipmakers-tu">market runs into rough weather,</a> the importance of the upcoming week&#8217;s earnings cannot be emphasized enough. A lot is riding on the earnings reports of companies like Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (GOOG).
The Season So Far: The percentage of S&amp;P 500 companies that have reported positive earning surprises and the magnitude of earnings surprises are at or above their 10-year averages, <a href="https://insight.factset.com/sp-500-earnings-season-update-april-19-2024?utm_source=Direct&amp;utm_medium=Email&amp;utm_campaign=FO-04-19-2024&amp;utm_content=httpsinsightfactsetcomsp500earningsseasonupdateapril192024">said</a> FactSet in its report released Friday. That said, substantial downward revisions to earnings per share (EPS) estimates of two healthcare companies have led to a decline in earnings growth over the past two weeks.
The combined earnings per share growth rate of S&amp;P 500 companies, considering both the already reported actual results and the estimates for those yet to report, is at 0.5%, according to FactSet. The metric, however, fell from the 0.9% estimated previous week and the 3.4% estimated at the end of the first quarter. Earnings growth for the quarter may extend the positive growth streak to three quarters.
So far, 14% of the S&amp;P 500 companies have reported March quarter results. 
See Also: <a href="https://www.benzinga.com/money/best-tech-stocks">Best Tech Stocks To Buy Right Now</a>
Look Ahead: The upcoming week will likely feature earnings releases from 158 S&amp;P 500 companies, including 11 Dow 30 components. With the bank earnings tapering off, the spotlight shifts to tech companies, as they begin to roll out their quarterly scorecard this week.
Apart from some big techs, which are part of the group called the &#8220;Magnificent Seven,&#8221; homebuilders, defense contractors, airlines and transportation companies are also due to release their quarterly reports. 
All eyes are focused on Tesla as analysts expect a downbeat report from the company. Analysts see the scope of a further contraction in margin and potentially a double miss yet again in the first quarter.
AI stalwarts Microsoft, Alphabet and Meta are widely expected to report strong results. Following the recent tech-led sell-off, Wedbush analyst Daniel Ives said, &#8220;We believe 1Q earnings will be a major positive catalyst for the tech sector and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38252477/why-microsoft-alphabet-amazon-palantir-and-meta-could-rise-15-in-2024-according-to-">expect tech stocks to be up another 15% for the year</a> adding to the strong start to 2024.&#8221;
The earnings schedule of key names are as follows:
Monday 
<ul>
<li>Before the bell: Albertsons Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>), Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), Zions Bancorporation, National Association (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>)</li>
<li>After the close: Ameriprise Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>), Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), Packaging Corporation of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) and SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>), Quest Diagnostics Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>)</li>
</ul>
Tuesday 
<ul>
<li>Before the bell: D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), Fiserv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>), General Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), General Motors Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>), Kimberly-Clark Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>), Novartis AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>), PepsiCo. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NYSE">PEP</a>), PulteGroup, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>), Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>), United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) and Xerox Holdings Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NYSE">XRX</a>), Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) and Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>)</li>
<li>After the close: Visa, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), Texas Instruments, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Tesla, Steel Dynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>), Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), Mattel, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>), Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), Canadian National Railway Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) and Baker Hughes Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>)</li>
</ul>
Wednesday 
<ul>
<li>Before the bell: Thermo Fisher Scientific Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>), Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>), Norfolk Southern Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>), Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>), Hasbro, Inc. (NASDA: HAS), General Dynamics Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>), Boston Scientific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>), Biogen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>) and AT&amp;T Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</li>
<li>After the close: Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>), Western Union Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WU#NYSE">WU</a>), ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), QuantumScape Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>), O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>), Meta Platforms, Meritage Homes Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>), Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), Knight-Swift Transportation Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>), International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>)</li>
</ul>
Thursday 
<ul>
<li>Before the bell: Altria Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>), American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), AstraZeneca Plc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>), Bristol-Myers Squibb Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>), Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), CMS Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMS#NYSE">CMS</a>), Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>), Harley-Davidson, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOG#NYSE">HOG</a>), Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>), Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), Merck &amp; Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>), Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>), Nasdaq, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>), Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), Sanofi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>), Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) and STMicroelectronics N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>)</li>
<li>After the close: Alphabet, Boyd Gaming Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>), Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), Gilead Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Juniper Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>), KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>), Microsoft, Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), Teladoc Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDOC#NYSE">TDOC</a>), T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) and Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</li>
</ul>
Friday 
<ul>
<li>Before the bell: AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>), Aon plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>), Autoliv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>), AutoNation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>), Barnes Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>), Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>), Colgate-Palmolive Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>), Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Newell Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>)</li>
</ul>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the performance of the broader S&amp;P 500 Index, ended Friday&#8217;s session down 0.87% at $495.16, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data. </a>The ETF has pulled back from its all-time high (intraday) of $524.61 hit on March 28. The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), an ETF levered more to high-profile, non-financial tech companies, has lost 7.72% from its all-time intraday high of $449.34 (March 21).
Read Next: <a href="https://www.benzinga.com/news/large-cap/24/04/38342737/nasdaq-100-notches-worst-day-since-late-2023-worst-week-since-late-2022-as-ai-driven-chipmakers-tu">Nvidia In Correction Territory — Did AI-Led Tech Stock Bubble Just Burst? This Data Point Offers A Clue.</a>
Photo: Shutterstock

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Shares of software stocks are trading lower amid broader tech weakness, which may be due to rate cut concerns following mixed inflation data this week.

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has unveiled new details highlighting the potential of its mixed reality Vision Pro headset to enhance business workflows.
What Happened: In a recent blog post, Apple emphasized various ways businesses can leverage Vision Pro. These include as customizable workspaces, 3D design collaboration, specialized employee training, and remote fieldwork guidance.
Apple also showcased how developers across industries are utilizing Vision Pro for increased productivity, design, training, and guided work. Companies like SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) have expressed excitement about integrating the headset&#8217;s spatial computing capabilities with their applications. Spatial computing merges digital content with the physical world for more flexible workflows.
CEO Tim Cook shared the post on X, saying: &#8220;Leading companies in every industry are leveraging the power of spatial computing, from product design to immersive training—even during prep for surgery!&#8221;
See Also: <a href="https://www.benzinga.com/news/24/04/38135869/elon-musks-tesla-wants-apples-help-in-defending-fatal-2018-autopilot-crash-family-of-victim-hit-back?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Tesla Wants Apple&#8217;s Help In Defending Fatal 2018 Autopilot Crash, Family Of Victim Hit Back A</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Leading companies in every industry are leveraging the power of spatial computing, from product design to immersive training—even during prep for surgery! The potential of Apple Vision Pro to change the way we work is limitless. <a href="https://t.co/LMtHUAiONE">https://t.co/LMtHUAiONE</a>
&mdash; Tim Cook (@tim_cook) <a href="https://twitter.com/tim_cook/status/1777779386839859302?ref_src=twsrc%5Etfw">April 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Apple also drew attention to &nbsp;Vision Pro&#8217;s high-resolution displays and&nbsp;advanced processing capabilities, which facilitate&nbsp;high-precision creation and manipulation of&nbsp;digital twins of products, facilities,&nbsp;and processes. This is particularly beneficial for industries such as&nbsp;automotive engineering, where real-time data&nbsp;analysis and decision-making are key.
The Vision Pro headset also holds promise in training and simulation. By providing realistic, immersive training experiences, companies can enhance technical maintenance and operations without needing expensive physical prototypes or taking equipment offline for training purposes.
Apple is also encouraging the development and integration of the Vision Pro in business workflows by offering a variety of developer resources, including the Enterprise Spatial Design Lab, and by partnering with industry leaders like Deloitte and Porsche.
Why It Matters: The Vision Pro headset represents a significant step forward in Apple&#8217;s ongoing efforts to revolutionize business productivity. By integrating with popular applications and offering high-resolution displays and advanced processing capabilities, the Vision Pro has the potential to transform various industries, from automotive engineering to employee training. 
The introduction of developer resources&nbsp;and partnerships with industry leaders&nbsp;further underscores Apple&#8217;s commitment to fostering the adoption&nbsp;of the Vision Pro in&nbsp;business workflows.
On the same lines, we&#8217;ve already seen how U.K. <a href="https://www.benzinga.com/news/24/03/37614242/uk-surgeon-is-raving-about-apple-vision-pro-after-its-spine-surgery-debut-heres-why">surgeons utilized the Apple Vision Pro</a> to track the procedure and ensure the right tools were available when required. Also, there were reports of Apple <a href="https://www.benzinga.com/news/24/03/37926450/apple-vision-pro-could-soon-support-apple-pencil-allowing-air-drawing-to-become-reality">testing a new version</a> of the Apple Pencil compatible with the headset, potentially adding more functionality for artists, designers, and similar professionals. 
Read Next: <a href="https://www.benzinga.com/news/24/04/38154323/not-nvidia-or-super-micro-but-these-stocks-have-a-better-growth-story-than-tesla-and-apple-says-expe?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Not Nvidia Or Super Micro, But These Stocks Have A Better Growth Story Than Tesla And Apple, Says Expert</a>
Photo courtesy: Shutterstock

Tim Cook Touts How Apple Vision Pro's Spatial Power Is Being Leveraged By 'Leading Companies In Every Industry'

SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) has been analyzed by 6 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $200.5, with a high estimate of $215.00 and a low estimate of $185.00. Observing a 15.68% increase, the current average has risen from the previous average price target of $173.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1712152818_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of SAP by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$212.00</td>
<td>$189.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$215.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$189.00</td>
<td>$156.00</td>
</tr>
<tr>
<td>Mohammed Moawalla</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$207.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$195.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Mohammed Moawalla</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$185.00</td>
<td>$168.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to SAP. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of SAP compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of SAP's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of SAP's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/SAP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on SAP analyst ratings.</a>
<h2>Get to Know SAP Better</h2>
Founded in 1972 by former IBM employees, SAP provides database technology and enterprise resource planning software to enterprises around the world. Across more than 180 countries, the company serves 440,000 customers, approximately 80% of which are small- to medium-size enterprises.
<h3>Unraveling the Financial Story of SAP</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Over the 3 months period, SAP showcased positive performance, achieving a revenue growth rate of 5.02% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 15.51%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): SAP's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 3.05%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): SAP's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.93%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: SAP's debt-to-equity ratio is below the industry average. With a ratio of 0.2, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>What Are Analyst Ratings?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 6 Analyst Recommendations For SAP

Barclays analyst Raimo Lenschow maintains SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) with a Overweight and raises the price target from $189 to $212.

Barclays Maintains Overweight on SAP, Raises Price Target to $212

SAP's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) short percent of float has fallen 3.23% since its last report. The company recently reported that it has 3.55 million shares sold short, which is 0.3% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.47 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>SAP Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711636211_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for SAP has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing SAP's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, SAP's peer group average for short interest as a percentage of float is 4.28%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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(SAP) - Analyzing SAP's Short Interest

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SAP Announced That Deutsche Telekom Has Chosen The RISE With SAP Solution To Accelerate Its Journey To The Cloud

NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang experienced a drop in his company&#8217;s stock after a highly anticipated presentation. However, the stocks of other companies mentioned during the event saw a significant rise.
What Happened: Despite unveiling a new processor design, Blackwell, Nvidia&#8217;s shares fell by almost 2% in post-market trading. However, Huang&#8217;s endorsements of other companies during the two-hour presentation in San Jose, California, led to a surge in their stock prices, <a href="https://www.bloomberg.com/news/articles/2024-03-19/nvidia-ceo-becomes-stock-kingmaker-by-name-dropping-dell-ansys?srnd=homepage-americas">reported</a> Bloomberg.
Engineering software companies like Synopsys Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>), Cadence Design Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>), and ANSYS Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>) experienced a rise of over 2% after Huang announced that they would be using the new Blackwell-based processors for AI enhancements in their products. Similarly, Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) saw a 3.2% increase after Huang praised the company for its enterprise systems.
"Everybody who is building these chatbots and generative AI, when you're ready to run it, you're going to need an AI factory. Nobody is better at building end-to-end systems of very large scale for the enterprise than Dell," said Huang, who nodded to CEO Michael Dell in the audience.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37769976/bitcoin-ethereum-dogecoin-surge-amid-selling-pressure-over-the-weekend-analyst-says-king-c?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Surge Amid Selling Pressure Over The Weekend: Analyst Says King Crypto To Reach $100K-$150K Post Halving In April</a>
Other companies, such as SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) and ServiceNow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), also witnessed a rise in their stock prices after Huang mentioned their use of Nvidia&#8217;s platform for service development.
Why It Matters: Huang&#8217;s keynote, though not immediately impactful on Nvidia&#8217;s stock, significantly affected the stock market. This event follows a series of notable occurrences in the AI and tech industry, including Huang&#8217;s <a href="https://www.benzinga.com/markets/equities/24/03/37586814/nvidia-ceo-jensen-huang-thinks-even-free-ai-chips-from-rivals-are-not-cheap-enough-compared-to-i">assertion of Nvidia&#8217;s technological dominance</a> in the AI space, and the <a href="https://www.benzinga.com/trading-ideas/technicals/24/03/37792351/nvidias-gtc-2024-semiconductor-stock-rides-the-ai-wave">optimism surrounding Nvidia&#8217;s GTC 2024</a> event.
Despite the initial stock drop, <a href="https://www.benzinga.com/24/03/37790810/nvidia-ceo-jensen-huang-speech-may-determine-course-of-ai-rally-huang-more-important-than-powell">Huang&#8217;s influence on the market</a> is evident, as his speeches are seen as potentially determining the course of the AI rally. 
This event also adds to the anticipation surrounding Nvidia&#8217;s future developments and partnerships, as highlighted by <a href="https://www.benzinga.com/markets/equities/24/03/37811171/jim-cramer-predicts-the-impact-of-nvidias-efforts-will-indeed-create-the-next-industrial-revolut">the enthusiasm expressed</a> by Jim Cramer ahead of the GTC 2024 event.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37770036/elon-musk-posted-a-photo-of-his-dog-wearing-a-hat-on-st-patricks-day-and-now-dogwifhat-is-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Posted A Photo Of His Dog Wearing A Hat On St. Patrick&#8217;s Day And Now Dogwifhat Is Surging 32% — Leaving DOGE, SHIB In The Dust</a>
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&nbsp;SAP SE&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sap#NYSE">SAP</a>)&nbsp;and&nbsp;NVIDIA&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) today announced a partnership expansion focused on accelerating enterprise customers&#39; ability to harness the transformative power of data and
&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4118280-1&amp;h=3249263954&amp;u=http%3A%2F%2Fwww.sap.com%2F&amp;a=SAP+SE" target="_blank">SAP SE</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>)&nbsp;and&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4118280-1&amp;h=4208106621&amp;u=http%3A%2F%2Fwww.nvidia.com%2F&amp;a=NVIDIA" target="_blank">NVIDIA</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) today announced a partnership expansion focused on accelerating enterprise customers&#39; ability to harness the transformative power of data and generative AI across SAP&#39;s portfolio of cloud solutions and applications.

Reported Earlier, SAP and Nvidia Partner to Accelerate Generative AI Adoption Across Enterprise Applications Powering Global Industries

JMP Securities analyst Patrick Walravens maintained a Buy rating on SAP AG (SAP – Research Report) today and set a price target of $220.00. The com...

JMP Securities Keeps Their Buy Rating on SAP AG (SAP)

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Oppenheimer analyst Brian Schwartz maintained a Hold rating on SAP AG (SAP – Research Report) today. The company's shares closed yesterday at $178....

SAP AG (SAP) Receives a Rating Update from a Top Analyst

BlackLine upgraded on strong SAP cloud fundamentals: Piper Sandler

There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on SAP AG (SAP – Research Report) and AppLovin (APP – R...

Analysts Are Bullish on These Technology Stocks: SAP AG (SAP), AppLovin (APP)

In a report released today, Raimo Lenschow from Barclays maintained a Buy rating on SAP AG (SAP – Research Report), with a price target of $210.00....

SAP AG (SAP): New Buy Recommendation for This Technology Giant

SAP SE (US) (SAP) has released an update. SAP SE has reported a strong start to 2024 with a 24% increase in cloud revenue and a robust current clou...

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VIGI: Blue Chip International Growth

Given growing industry-specific applications and the rising penetration of new digital technologies, the semiconductor industry's prospects appear bright. So, let's analyze NVIDIA (NVDA) and Micron Technology (MU) to determine which of these chip stocks will boost returns in May. Keep reading... The semiconductor industry is growing rapidly, driven by extensive chip usage in various end-use applications like electronics, industrial equipment, and automotive. The industry's expansion is further fueled by the proliferation of generative AI, IoT, 5G, and autonomous vehicles, increasing demand for advanced chipsets and integrated circuits (ICs).
According to a Precedence Research report, the global semiconductor market is expected to grow at a <a href="https://www.precedenceresearch.com/semiconductor-market">CAGR of 7.6%</a>, with the market size resulting in $1.14 trillion by 2033.
Moreover, the Semiconductor Industry Association (SIA) announced that global semiconductor industry sales totaled $46.20 billion in February 2024, <a href="https://www.semiconductors.org/policies/tax/market-data/?type=post">up 16.3% from $39.70 billion in February 2023</a>. Also, investors' interest in chip stocks is evident from the SPDR S&amp;P Semiconductor ETF's (<a href="https://stocknews.com/stock/XSD/">XSD</a>) 19.5% returns over the past six months.
Given this backdrop, let's compare two <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> stocks, NVIDIA Corporation (<a href="https://stocknews.com/stock/NVDA/">NVDA</a>) and Micron Technology, Inc. (<a href="https://stocknews.com/stock/MU/">MU</a>), to understand which stock will boost your returns in May.
The Case for NVIDIA Corporation Stock
NVIDIA Corporation (<a href="https://stocknews.com/stock/NVDA/">NVDA</a>) provides graphics &amp; compute and networking solutions internationally. Its Compute &amp; Networking segment entails a data center accelerated computing platform, automotive AI cockpit, and advanced networking, and the Graphics segment offers GeForce GPUs for gaming, PC, gaming platform solutions, and more.
NVDA's stock has declined 12.6% over the past month but gained 91.8% over the past six months to close the last trading session at $824.23.
On March 18, 2024, NVDA unveiled a 6G research platform that empowers researchers with a novel approach to develop the next phase of wireless technology. The NVIDIA 6G Research Cloud platform is open, flexible, and interconnected, offering researchers a comprehensive suite to advance AI for radio access network technology.
Ansys, Arm, Keysight, Nokia, Samsung, ETH Zurich, Rohde &amp; Schwarz are among the first adopters of NVIDIA Aerial Omniverse Digital Twin, Aerial CUDA-Accelerated RAN, and Sionna Neural Radio Framework to help realize the future of telecommunications.
On March 18, NVDA collaborated with SAP SE (<a href="https://stocknews.com/stock/SAP/">SAP</a>) to focus on accelerating enterprise customers' ability to harness the transformative power of data and generative AI across SAP's portfolio of cloud solutions and applications.
NVIDIA and SAP plan to partner to integrate generative AI into cloud solutions from SAP, which include the latest release of the SAP Datasphere&#xAE; solution, SAP Business Technology Platform&#xAE;, and RISE with SAP&#xAE;. This strategic partnership should bode well for the companies.
In terms of forward <a href="https://www.investopedia.com/terms/e/ev-ebitda.asp">EV/EBITDA</a>, NVDA is trading at 27.08x, 93.4% higher than the industry average of 14x. Also, the stock's forward EV/Sales of 17.38x is 532.5% higher than the industry average of 2.75x. However, its forward non-GAAP PEG of 0.91x is 49.5% higher than the 1.79x industry average
NVDA's trailing-12-month gross profit margin of 72.72% is 49.4% higher than the industry average of 48.50%. Moreover, the stock's trailing-12-month EBIT margin and EBITDA margin of 54.12% and 56.60% compared to industry averages of 4.90% and 9.50%, respectively.
In the fourth quarter that ended January 28, 2024, NVDA's revenue increased 265.3% year-over-year to $22.10 billion. Its non-GAAP operating income rose 564.4% year-over-year to $14.75 billion. Its non-GAAP net income and non-GAAP earnings per share stood at $12.84 billion and $5.16, up 491.7% and 486.4% from the prior year's quarter, respectively.
However, the company's current liabilities came in at $10.63 billion as of January 28, 2024, compared to $6.56 billion as of January 29, 2023.
Analysts expect NVDA's EPS for the first quarter (ending April 2024) to increase 407.6% year-over-year to $5.53, and its revenue is expected to increase 238.3% year-over-year to $24.33 billion. Moreover, the company surpassed the consensus EPS and revenue estimates in each of the trailing four quarters, which is remarkable.
NVDA's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its mixed outlook. The stock has an overall rating of C, equating to a Neutral in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
NVDA has a C grade for Momentum. In the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry, it is ranked #20 out of 92 stocks.
To see additional POWR Ratings for Growth, Value, Stability, Sentiment, and Quality for NVDA, <a href="https://stocknews.com/stock/NVDA/">click here</a>.
The Case for Micron Technology, Inc. Stock
Micron Technology, Inc. (<a href="https://stocknews.com/stock/MU/">MU</a>) designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit; Mobile Business Unit; Embedded Business Unit; and Storage Business Unit.
MU's stock has gained 28.5% over the past six months to close the last trading session at $112.46.
On April 10, MU announced that it had qualified a full suite of its automotive-grade memory and storage solutions for Qualcomm Technologies Inc.'s Snapdragon Digital Chassis, a comprehensive set of cloud-connected platforms designed to power data-rich, intelligent automotive services.
This work between Micron and Qualcomm Technologies is aimed at helping the ecosystem build next-generation intelligent vehicles powered by sophisticated AI.
On February 27, MU announced that Samsung had incorporated MU's low-power double data rate 5X (LPDDR5X) memory and Universal Flash Storage (UFS) 4.0 mobile flash storage into select devices in the Samsung Galaxy S24 series, which introduces powerful AI to mobile users worldwide. This partnership would benefit both companies significantly.
In terms of forward EV/Sales, MU is trading at 5.12x, 86.2% lower than the industry average of 2.75x. Likewise, the stock's forward EV/EBIT of 90.25x is 371.6% higher than the industry average of 19.14x. However, its forward Price/Book of 2.74x is 27.9% lower than the 3.81x industry average.
MU's trailing-12-month EBITDA margin and CAPEX/Sales of 20% and 33.87% are significantly higher than the industry averages of 9.50% and 2.32%, respectively. However, the stock's trailing-12-month asset turnover ratio of 0.28x is 55.3% lower than the industry average of 0.62x.
During the second quarter that ended February 29, 2024, MU's revenue increased 9.8% year-over-year to $5.82 billion. Its gross margin stood at $1.08 billion, compared to a gross loss of $1.21 billion in the previous year's quarter. Its net income came in at $793 million, compared to a net loss of $1.31 billion in the previous-year quarter.
Furthermore, the company's EPS came in at $0.71, compared to a loss per share of $2.12 in the prior year's quarter.
Analysts expect MU's revenue for the third quarter (ending May 2024) to increase 75.6% year-over-year to $6.59 billion. The company is expected to report an EPS of $0.43 for the same quarter, compared to a year-ago loss per share of $1.43. Also, MU has an impressive earnings history as it surpassed the consensus EPS and revenue estimates in all four trailing quarters.
MU's mixed fundamentals are reflected in its POWR Ratings. The stock has an overall C rating, translating to a Neutral in our proprietary rating system.
The stock has a C grade for Quality, Value, and Momentum. MU is ranked #49 in the same industry.
In addition to the POWR Ratings I've just highlighted, you can see MU's ratings for Growth, Stability, and Sentiment <a href="https://stocknews.com/stock/MU/">here</a>.
Which Chip Stock Will Boost Your Returns in May: NVDA vs. MU
The semiconductor market is greatly influenced by technological advancements and innovation, increasing demand for electronics and connectivity, the emergence of new technologies like 5G, AI, and IoT, and government initiatives. Chips are integral to several industries, including automotive, consumer electronics, industrial equipment, and healthcare.
Both NVDA and MU stand to benefit from the chip industry's tailwinds. However, given their mixed fundamentals, waiting for better entry points in these stocks could be wise now.
Our research shows that the odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Semiconductor &amp; Wireless Chip industry <a href="https://stocknews.com/category/semiconductor-wireless-chip/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

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NVDA shares rose $15.27 (+1.85%) in premarket trading Wednesday. Year-to-date, NVDA has gained 66.44%, versus a 6.71% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/nvda-mu-sap-which-chip-stock-will-boost-your-returns-in-may-nvda/>Which Chip Stock Will Boost Your Returns in May: NVDA vs. MU</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Which Chip Stock Will Boost Your Returns in May: NVDA vs. MU

INFA

SAPGF

VIGI

Press Releases

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