Jefferies analyst Charles Brennan has maintained their bullish stance on 0NW4 stock, giving a Buy rating on May 13.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Charles Brennan’s rating is based on several factors, including expectations for increased transparency regarding SAP’s product development, particularly in the areas of artificial intelligence and data management. The anticipation of more detailed insights into these innovative initiatives suggests potential growth and advancement for the company.
While there may be limited new financial disclosures, the focus on strategic technological enhancements indicates a positive outlook for SAP’s future performance. This combination of factors underpins the Buy rating, reflecting confidence in SAP’s ability to leverage its technological advancements to drive future success.
In another report released on May 13, UBS also maintained a Buy rating on the stock with a €265.00 price target.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0NW4 in relation to earlier this year.