SAP's Partnership Potential With Hyperscalers Like Microsoft And Google: Analyst Weighs In
Portfolio Pulse from Nabaparna Bhattacharya
BMO Capital Markets analyst Keith Bachman has reiterated the Market Perform rating on SAP SE, raising the price target to $147 from $140. Bachman notes that SAP's strategy of pursuing partnerships with hyperscalers like Microsoft and Alphabet is sound. SAP reported a 4% Y/Y revenue growth to €7.744 billion in Q3. The company's demand in the cloud is driven by multi-year cloud migration and the adoption of the RISE/GROW program and scalable BTP.
October 20, 2023 | 6:38 pm
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NEUTRAL IMPACT
Alphabet is mentioned as a potential partner for SAP in its strategy of pursuing partnerships with hyperscalers.
While the news is positive for Alphabet, it's not clear how much impact this potential partnership would have on Alphabet's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Alphabet is mentioned as a potential partner for SAP in its strategy of pursuing partnerships with hyperscalers.
While the news is positive for Alphabet, it's not clear how much impact this potential partnership would have on Alphabet's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Microsoft is mentioned as a potential partner for SAP in its strategy of pursuing partnerships with hyperscalers.
While the news is positive for Microsoft, it's not clear how much impact this potential partnership would have on Microsoft's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
SAP's price target has been raised to $147 from $140 by BMO Capital Markets analyst Keith Bachman. The company's strategy of pursuing partnerships with hyperscalers like Microsoft and Alphabet is seen as sound.
The raised price target and positive comments from the analyst about SAP's strategy could lead to increased investor confidence and potentially a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100