Goldman Sachs has recently conducted a thorough review of the SAP SE stock and continues to recommend a “Buy”. This recommendation is highly relevant for private investors and retail investors, as SAP plays a central role in the German market as a DAX company.
Background of the Recommendation
Goldman Sachs has raised the price target for SAP from 275 to 275 euros (before the recent adjustment) and then to 295 euros, while maintaining the rating at “Buy”. This decision is based on SAP’s strong quarterly figures, particularly the robust Current Cloud Backlog and the higher-than-expected Free Cashflow.
Importance for Private Investors and Retail Investors
The recommendation from Goldman Sachs is particularly relevant for private investors and retail investors because SAP plays a leading role in the German market. The positive assessment by Goldman Sachs can strengthen confidence in the stock and assist investors in making informed decisions.
Market Environment and Analyst Opinions
SAP has presented strong quarterly figures in an uncertain economic environment, which has been positively assessed by analysts such as Jefferies and UBS. Jefferies has kept the price target at 280 euros, while UBS has lowered the target to 265 euros but continues to recommend a buy. Deutsche Bank maintains a price target of 310 euros and also recommends buying.
Conclusion
The recommendation from Goldman Sachs to buy SAP shares is an important indicator of the company’s potential. Combined with positive quarterly figures and recommendations from other analysts, this could encourage private investors and retail investors to invest in SAP.