La vendita allo scoperto per SAP dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di SAP. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

SAP (NYSE:SAP) Azioni, Report sulle vendite allo scoperto

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.

SAP SE

SPDR MSCI ACWI CLIMATE PARI ALIG ETF

SAP ORD

Saputo Inc

SYLVANIA PLATINUM LTD ORD by Sylvania Platinum Limited

Sylvania Platinum Ltd

Saipem SpA

Sapphire

SEVEN ARTS ENTMT INC by Seven Arts Entertainment, Inc.

Seven Arts Entertainment Inc

BMO Capital analyst Keith Bachman maintains SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) with a Outperform and raises the price target from $248 to $265.

News

Price Target

Analyst Ratings

BMO Capital Maintains Outperform on SAP, Raises Price Target to $265

TD Cowen analyst J. Derrick Wood maintains SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) with a Hold and raises the price target from $234 to $240.

TD Cowen Maintains Hold on SAP, Raises Price Target to $240

In the last three months, 3 analysts have published ratings on SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<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;">0</td>
<td style="text-align: right;">3</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>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;">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;">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>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $267.67, a high estimate of $300.00, and a low estimate of $251.00. Marking an increase of 12.62%, the current average surpasses the previous average price target of $237.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1729612876_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of SAP among financial experts is revealed through an in-depth exploration 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>$300.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$252.00</td>
<td>$251.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$251.00</td>
<td>$217.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to SAP. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer 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 set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of SAP's market standing. Stay informed and make data-driven decisions with 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>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's Economic Impact: An Analysis</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 9.72% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: SAP's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.71% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): SAP's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.1%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): SAP's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.24%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.23, SAP adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Basics of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For SAP

Shares of SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) continued to rise in early trading on Tuesday after the company reported <a href="https://www.benzinga.com/news/earnings/24/10/41439701/sap-stock-climbs-after-mixed-q3-results-eps-beat-revenues-miss">its third-quarter results</a>.
The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
KeyBanc Capital Markets On SAP
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58777fa15064ed000173004c/jackson-ader">Analyst Jackson Ader</a> reaffirmed an Overweight rating, while raising the price target from $230 to $270.
SAP delivered another quarter of more than 30% Cloud ERP growth and accelerated organic growth in constant currency terms, Ader said in a note. Current cloud backlog (CCB) grew 29%, up from 28% in the second quarter, he added.
"FX headwinds actually caused the reported number to miss estimates, but we believe investors will look through that to see the positive momentum," the analyst wrote. Although the company's Ambition 2025 targets have moved higher in recent quarters, they "continue to be de-risked," he further stated.
JMP Securities On SAP
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5846fffaee7bf6000154d141/patrick-walravens">Analyst Patrick Walravens</a> reiterated a Market Outperform rating, while lifting the price target from $245 to $300.
SAP's quarterly results were strong, with revenue and earnings slightly beating consensus estimates, Walravens said. Revenue growth of 10% year-on-year was flat versus the previous quarter, while cloud growth and current cloud backlog growth accelerated to 27% and 29%, from 25% and 28% in the second quarter, he added.
The company held its cloud revenue guidance for 2024 unchanged at €17.0 billion to €17.3 billion, while raising its cloud and software revenue outlook to €29.5 billion to €29.8 billion, from its previous forecast of €29.0 billion to 29.5 billion, the analyst stated. SAP reiterated its 2025 outlook of more than €37.5 billion in total revenues, over €21.5 billion in cloud revenues and €10.2 billion in operating profits, he said.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Oppenheimer On SAP
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/597b3ef9c1f5580001ef5278/brian-schwartz">Analyst Brian Schwartz</a> maintained a Perform rating on the stock.
SAP's top-line growth reaccelerated in the quarter, while cloud revenue and cash generation outperformed, and the commentary around big deals was strong, Schwartz said. The company has generated more than €1 billion in free cash flows in every quarter in 2024 and "remains on-track for its 2025 free cash flow guidance," he added.
The analyst stated, however, that SAP's current cloud backlogs look softer than in recent quarters, "which suggests deal volume may have underwhelmed, though the growth rate remains strong." "SAP's accelerating Cloud ERP revenue and 3Q results lend support to the benefits of an ERP modernization cycle, where SAP sits in a leading position, and a big cash-flow ramp in 2025," he further wrote.
Piper Sandler On SAP
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586e4055351b9b00018beeab/brent-bracelin">Analyst Brent Bracelin</a> said that SAP delivered an acceleration in ERP Suite growth to 36% year-on-year from 32% six months ago. This was the fourth quarter of improving Cloud Backlog growth in constant currency, he added.
The enterprise spending tailwinds "could be more SAP company-specific vs. the broader SaaS industry poised to moderate for the third straight year," the analyst stated. OneStream Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OS#NASDAQ">OS</a>) and BlackLine Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BL#NASDAQ">BL</a>) could benefit due to exposure to the SAP ecosystem, he added.
SAP Price Action: Shares of SAP were up 1.4% to $232.75 at the time of publication on Tuesday.
Read More: <a href="https://www.benzinga.com/markets/equities/24/10/41442947/sap-is-joining-the-ai-party-as-a-foundational-player-alongside-leaders-nvidia-and-microsoft-says">SAP Is Joining The AI Party As A &#8216;Foundational Player&#8217; Alongside Leaders Nvidia And Microsoft, Says Wedbush&#8217;s Dan Ives</a>
Photo: Wirestock Creators/ Shutterstock.com

Analyst Color

Earnings Beats

Reiteration

Movers

Tech

Trading Ideas

SAP Beats Q3 Expectations, Analysts Expect 'Big Cash-Flow Ramp In 2025'

Investors with a lot of money to spend have taken a bearish stance on SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SAP, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 10 uncommon options trades for SAP.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 60%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $221,690, and 5 are calls, for a total amount of $190,620.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $195.0 to $240.0 for SAP over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of SAP stands at 287.29, with a total volume reaching 953.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in SAP, situated within the strike price corridor from $195.0 to $240.0, throughout the last 30 days.
<h3>SAP Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729607472_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SAP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$8.4</td>
<td>$7.1</td>
<td>$7.1</td>
<td>$230.00</td>
<td>$68.1K</td>
<td style="text-align: right;">67</td>
<td style="text-align: right;">98</td>
</tr>
<tr>
<td>SAP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$9.6</td>
<td>$9.4</td>
<td>$9.6</td>
<td>$230.00</td>
<td>$48.0K</td>
<td style="text-align: right;">908</td>
<td style="text-align: right;">240</td>
</tr>
<tr>
<td>SAP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$10.9</td>
<td>$10.7</td>
<td>$10.8</td>
<td>$240.00</td>
<td>$46.4K</td>
<td style="text-align: right;">35</td>
<td style="text-align: right;">73</td>
</tr>
<tr>
<td>SAP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$10.8</td>
<td>$10.7</td>
<td>$10.8</td>
<td>$240.00</td>
<td>$44.2K</td>
<td style="text-align: right;">35</td>
<td style="text-align: right;">114</td>
</tr>
<tr>
<td>SAP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$41.9</td>
<td>$40.2</td>
<td>$41.08</td>
<td>$195.00</td>
<td>$41.0K</td>
<td style="text-align: right;">23</td>
<td style="text-align: right;">11</td>
</tr>
</tbody>
</table>

<h3>About SAP</h3>
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.
Following our analysis of the options activities associated with SAP, we pivot to a closer look at the company's own performance.
<h3>SAP's Current Market Status</h3>
<ul>
<li>With a volume of 870,471, the price of SAP is up 2.69% at $235.66. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 91 days.</li>
</ul>
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Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for SAP with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

SAP Unusual Options Activity

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 $245 to $300.

JMP Securities Maintains Market Outperform on SAP, Raises Price Target to $300

WIIM

SAP shares are trading higher after the company reported better-than-expected Q3 adjusted EPS results and issued FY24 guidance.

SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) exceeded <a href="https://www.benzinga.com/news/earnings/24/10/41439701/sap-stock-climbs-after-mixed-q3-results-eps-beat-revenues-miss">earnings expectations in its latest quarter</a>, with Wedbush Securities analyst Dan Ives highlighting the European tech giant&#8217;s emerging role in the artificial intelligence revolution alongside industry leaders NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
What Happened: &#8220;SAP is going to be a foundational player,&#8221; Ives <a href="https://www.cnbc.com/video/2024/10/21/ives-sap-will-be-a-foundational-player-in-the-ai-market.html">told</a> CNBC. &#8220;I think it&#8217;s going to be a huge step in the right direction on cloud checks, actually very strong for SAP.&#8221;
The German software giant&#8217;s transformation to cloud-based services continues to accelerate, with Ives noting that cloud operations now represent approximately 45% of the company&#8217;s business. This figure is projected to reach 70% by the end of next year, signaling a significant shift in SAP&#8217;s business model.
The German software giant&#8217;s transformation to cloud-based services continues to accelerate, with Ives noting that cloud operations now represent approximately 45% of the company&#8217;s business. This figure is projected to reach 70% by the end of next year, signaling a significant shift in SAP&#8217;s business model.
&#8220;This speaks to the second derivative of the AI revolution,&#8221; Ives said. &#8220;It&#8217;s not just about NVIDIA and Microsoft, SAP is now joining that AI party.&#8221;
The results come as enterprise resource planning (ERP) and logistics software providers increasingly integrate AI capabilities into their offerings. Ives positioned SAP alongside Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), Microsoft, and Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) as major beneficiaries of this trend, suggesting these companies will see &#8220;incremental string from enterprises accelerating AI cloud appointment.&#8221;
The growing emphasis on AI integration in enterprise software marks a significant shift in the industry, with traditional ERP providers like SAP adapting their offerings to meet the increasing demand for AI-powered solutions. 
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41442502/jim-cramer-says-buy-the-amex-dip-citing-love-from-millennial-and-gen-z-members-younger-customers">Jim Cramer Says Buy The AmEx Dip Citing Love From Millennial And Gen Z Members — Younger Customers Will Stick With The &#8216;Company For Decades&#8217;</a>
Why It Matters: SAP reported adjusted earnings of $1.33 per share, beating the consensus estimate of $1.32. Quarterly revenue came in at $9.16 billion, slightly below the <a href="https://www.benzinga.com/news/earnings/24/10/41439701/sap-stock-climbs-after-mixed-q3-results-eps-beat-revenues-miss">consensus estimate of $9.17 billion</a>. 
On Monday, Ives also mentioned other companies like Palantir, IBM, AMD, and Apple making <a href="https://www.benzinga.com/markets/equities/24/10/41420779/dan-ives-acknowledges-nvidia-microsoft-as-core-drivers-of-ai-but-sees-palantir-ibm-amd-and-apple">significant moves in artificial intelligence</a>.
Despite the positive earnings, SAP has been under scrutiny due to a <a href="https://www.benzinga.com/government/24/09/41029962/department-of-justice-investigates-sap-carahsoft-in-2b-price-fixing-probe">Department of Justice investigation</a> into allegations of overcharging U.S. government agencies. This investigation has been ongoing since at least 2022 and focuses on potential price-fixing schemes involving $2 billion worth of SAP technology sold to U.S. military and government agencies since 2014.
Price Action: SAP SE stock closed at $229.48 on Monday, down 0.42% for the day. In after-hours trading, the stock saw a notable increase, rising 3.54%. Year to date, SAP has gained 52.77%, according to <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41436349/tesla-q3-earnings-preview-analyst-says-1-8-million-unit-estimate-hittable-for-2024-">Tesla Q3 Earnings Preview: Analyst Says 1.8 Million Unit Estimate &#8216;Hittable&#8217; For 2024, &#8216;2 Million+ Number The Focus For 2025&#8217;</a></li>
</ul>
Image Via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors

Equities

AMZN

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ORCL

SAP Is Joining The AI Party As A 'Foundational Player' Alongside Leaders Nvidia And Microsoft, Says Wedbush's Dan Ives

U.S. markets closed mixed on Monday, with the Dow Jones Industrial Average dropping 0.8% to 42,931.60 and the S&amp;P 500 slipping 0.2% to 5,853.98. Meanwhile, the Nasdaq gained 0.3%, closing at 18,540.01.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
Nvidia&#8217;s shares reached a new all-time high, closing at a 4.14% increase to $143.71. The stock&#8217;s intraday high and low were $143.71 and $138 respectively, with a 52-week high and low of $143.71 and $39.23. The company&#8217;s stock has seen a <a href="https://www.benzinga.com/news/24/10/41437976/nvidia-stock-hits-all-time-high-ahead-of-big-tech-earnings-whats-going-on">significant rise</a> due to the increasing demand for its GPUs, particularly from hyperscalers building out data centers with advanced AI capabilities.
Spirit Airlines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>)
Spirit Airlines&#8217; stock soared by 53.06% to close at $2.25. The intraday high and low were $2.54 and $1.85 respectively, with a 52-week high and low of $17.49 and $1.4. The airline&#8217;s shares traded higher after it <a href="https://www.benzinga.com/news/24/10/41432467/why-spirit-airlines-stock-is-taking-off-monday">extended its debt refinancing deadline</a>.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41422633/investors-lost-over-95-of-their-wealth-in-this-nvidia-linked-etf-while-jensen-huang-led-chip-gia?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Investors Lost Over 95% Of Their Wealth In This Nvidia-Linked ETF While Jensen Huang-Led Chip Giant Gained 220% In The Past Year: Here&#8217;s More</a>
SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>)
SAP&#8217;s shares saw a slight decrease of 0.42% to close at $229.48. The stock&#8217;s intraday high and low were $230.84 and $228.12 respectively, with a 52-week high and low of $232.23 and $130.08. The company&#8217;s stock traded higher after it reported mixed <a href="https://www.benzinga.com/news/earnings/24/10/41439701/sap-stock-climbs-after-mixed-q3-results-eps-beat-revenues-miss">third-quarter</a> financial results.
Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)
Trump Media &amp; Technology&#8217;s shares rose by 5.81% to close at $31.3. The stock&#8217;s intraday high and low were $31.65 and $29.32 respectively, with a 52-week high and low of $79.38 and $22.55. This comes despite <a href="https://www.benzinga.com/general/social-media/24/10/41431721/djt-stock-rises-despite-reported-whistleblower-allegations-at-trump-media">reported whistleblower allegations</a> concerning the Donald Trump-associated company&#8217;s hiring strategy.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares decreased by 0.84% to close at $218.85. The stock&#8217;s intraday high and low were $220.48 and $215.73 respectively, with a 52-week high and low of $271 and $138.8. Tesla&#8217;s CEO, Elon Musk, recently <a href="https://www.benzinga.com/news/24/10/41431406/elon-musk-says-tesla-will-not-buy-ev-rival-rivian-going-to-have-a-hard-time">dismissed the idea</a> of acquiring EV rival Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>).
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41308908/man-who-accidentally-threw-hard-drive-containing-8-000-bitcoins-worth-half-a-billion-dolla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The Site</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

RIVN

SAVE

TSLA

Nvidia, Spirit Airlines, SAP, Trump Media & Technology, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) shares are trading higher after the company reported its third-quarter financial results after Monday's closing bell. Here's a look at the<a href="https://www.benzinga.com/pressreleases/24/10/n41438841/sap-announces-q3-2024-results"> details from the report. </a>
The Details: SAP reported adjusted earnings of $1.33 per share, beating the consensus estimate of $1.32. Quarterly revenue came in at $9.16 billion, slightly below the consensus estimate of $9.17 billion.&nbsp;
<ul>
<li>SAP reported a current cloud backlog of $16.66 billion, up 25% and up 29% at constant currencies.</li>
<li>Cloud revenue was up 25% and up 27% at constant currencies.</li>
<li>Cloud ERP Suite revenue was up 34% and up 36% at constant currencies.</li>
<li>IFRS cloud gross profit was up 26%, non-IFRS cloud gross profit grew 27% and up 28% at constant currencies.</li>
<li>IFRS operating profit grew 29%, non-IFRS operating profit was up 27% and up 28% at constant currencies.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/24/10/41418987/nuclear-energy-stocks-are-hot-heres-a-list-of-tickers-to-watch">Nuclear Energy Stocks Are Hot: Here&#8217;s A List Of Tickers To Watch</a>
"Q3 was another strong quarter for SAP, and we are confidently raising our 2024 financial outlook. Cloud revenue growth developed remarkably well in the quarter, especially for our Cloud ERP Suite. Even more importantly, we are making strong progress on Business AI with groundbreaking innovations such as SAP Knowledge Graph. A significant part of our cloud deals in Q3 included AI use cases," said Christian Klein, CEO of SAP.  
Outlook: SAP raised its fiscal 2024 outlook for cloud and software revenue, operating profit and free cash flow.  
SAP Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, SAP shares are up 3.95% after-hours at $238.55 at the time of publication Monday.
Read Also:&nbsp;
<ul>
<li>&nbsp;<a href="https://www.benzinga.com/news/24/10/41415824/lucid-ceo-peter-rawlinson-talks-saudi-investment-elon-musks-political-views-and-taking-business-from">Lucid CEO Peter Rawlinson Talks Saudi Investment, Elon Musk&#8217;s Political Views And Taking Business From Tesla</a></li>
</ul>
Photo: Courtesy of SAP SE ADS

Earnings

Global

SAP Stock Climbs After Mixed Q3 Results: EPS Beat, Revenues Miss

SAP shares are trading higher after the company reported better-than-expected Q3 adjuted EPS results and issued FY24 guidance.

Guidance

SAP Continues To Expect €17.0 Billion – 17.3 Billion Cloud Revenue At Constant Currencies (2023: €13.66 Billion), Up 24% To 27% At Constant Currencies; An Effective Tax Rate (Non-IFRS) Of ~32% (2023: 30.3%)

SAP Sees FY24 €7.8 Billion – €8.0 Billion Non-IFRS Operating Profit At Constant Currencies (2023: €6.51 Billion), Up 20% To 23% At Constant Currencies, Raising The Midpoint By €150 Million. The Previous Range Was €7.6 Billion – €7.9 Billion At Constant Currencies; €3.5 Billion – 4.0 Billion Free Cash Flow (2023: €5.09 Billion). The Previous Outlook Was ~€3.5 Billion

For 2024, SAP is updating its cloud and software revenue, operating profit and free cash flow outlook and now expects:
<ul>
<li>€29.5 – 29.8 billion cloud and software revenue at constant currencies (2023: €26.92 billion), up 10% to 11% at constant currencies, raising the midpoint by €400 million. The previous range was €29.0 – 29.5 billion at constant currencies.</li>
<li>€7.8 – 8.0 billion non-IFRS operating profit at constant currencies (2023: €6.51 billion), up 20% to 23% at constant currencies, raising the midpoint by €150 million. The previous range was €7.6 – 7.9 billion at constant currencies.</li>
<li>€3.5 – 4.0 billion free cash flow (2023: €5.09 billion). The previous outlook was approximately €3.5 billion.</li>
</ul>
SAP continues to expect:
<ul>
<li>€17.0 – 17.3 billion cloud revenue at constant currencies (2023: €13.66 billion), up 24% to 27% at constant currencies.</li>
<li>An effective tax rate (non-IFRS) of approximately 32% (2023: 30.3%)2.</li>
</ul>
While SAP's 2024 financial outlook is at constant currencies, actual currency reported figures are expected to be impacted by currency exchange rate fluctuations as the company progresses through the year, as reflected in the table below.

SAP Sees FY24 €29.5 Billion – €29.8 Billion Cloud And Software Revenue At Constant Currencies (2023: €26.92 Billion), Up 10% To 11% At Constant Currencies, Raising The Midpoint By €400 Million. The Previous Range Was €29.0 Billion – 29.5 Billion At Constant Currencies

Earnings Misses

SAP Q3 2024 Adj. EPS €1.23 Beats €1.22 Estimate, Sales €8.470B Miss €8.479B Estimate

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index moved to the &#8220;Extreme Greed&#8221; zone on Friday.
U.S. stocks settled higher on Friday, with the Dow Jones index and S&amp;P 500 jumping to fresh record highs during the session.
All three major indices recorded gains for the sixth straight week, with the Dow and S&amp;P 500 gaining 0.96% and 0.85%, respectively. The Nasdaq, meanwhile, added 0.80% last week.
On the economic data front, U.S. housing starts fell by 0.5% from the previous month to an annualized rate of 1.354 million units in September. Building permits declined by 2.9% to an annual rate of 1.428 million in September.
Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) shares jumped around 11% on Friday after the company reported better-than-expected third-quarter earnings. The Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) posted upbeat quarterly earnings, while revenue missed estimates.
As far as the earnings season is concerned, over 70 S&amp;P 500 companies have released quarterly results so far, with around 75% of those exceeding market estimates.
Most sectors on the S&amp;P 500 closed on a positive note, with utilities, communication services, and real estate stocks recording the biggest gains on Friday. However, energy stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 37 points to 43,275.91 on Friday. The S&amp;P 500 gained 0.40% to rise to 5,864.67, while the Nasdaq Composite rose 0.63% to close at 18,489.55 during Friday's session.
Investors are awaiting earnings results from SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>), Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>), and Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 75, the index moved to the &#8220;Extreme Greed&#8221; zone on Friday, versus a prior reading of 70.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41402086/wall-streets-most-accurate-analysts-give-their-take-on-3-financials-stocks-delivering-hi">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Financials Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

LOGI

NFLX

Dow, S&P 500 Settle At Record High Levels, Record 6th Consecutive Week Of Gains: Fear Index Moves To 'Extreme Greed' Zone

With U.S. stock futures trading mixed this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) to report quarterly earnings at $1.33 per share on revenue of $9.29 billion after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. SAP shares gained 0.2% to $230.87 in after-hours trading.</li>
<li>Public Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSA#NYSE">PSA</a>) named Chris Sambar as COO. Public Storage shares gained 0.1% to close at $345.62 on Friday.</li>
<li>Analysts are expecting Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) to post quarterly earnings at $1.47 per share on revenue of $7.28 billion. The company will release earnings after the markets close. Nucor shares gained 0.1% to close at $158.24 on Friday.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>The Cigna Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>) shares fell in after-hours trading after a report suggesting the company has resumed merger discussions with Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) after the conversation ended last year. Cigna shares fell 4.7% to $320.26 in the after-hours trading session.</li>
<li>Analysts expect Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) to report quarterly earnings at 99 cents per share on revenue of $1.11 billion after the closing bell. Logitech shares rose 1.2% to close at $88.63 on Friday.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41402086/wall-streets-most-accurate-analysts-give-their-take-on-3-financials-stocks-delivering-hi">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Financials Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo courtesy: SAP

SAP, Nucor And 3 Stocks To Watch Heading Into Monday

Wedbush Securities analyst Dan Ives forecasts a &#8220;robust&#8221; third-quarter earnings season for technology companies, citing artificial intelligence adoption, improved enterprise spending, and rebounding <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41280243/q3-earnings-preview-analyst-predicts-tech-will-triumph-while-energy-will-struggle">digital advertising as key growth drivers</a>.
What Happened: In a post on X, formerly Twitter, Ives highlighted an expanding roster of companies beyond traditional AI leaders that are now capitalizing on the technology revolution.
While NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) are &#8220;the core drivers of AI, now we are seeing many other tech stalwarts join the AI Party,&#8221; Ives wrote, listing Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>), ServiceNow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), IBM Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) among the companies making significant moves in artificial intelligence.
The analyst expressed optimism about the technology sector&#8217;s near-term prospects, stating, &#8220;We believe the next phase of the AI Revolution has begun.&#8221; He expects this momentum, combined with strengthening enterprise spending and a recovery in digital advertising, to push technology stocks higher through the end of the year.
This expanding AI landscape indicates a broader range of investment opportunities beyond the few companies that initially dominated the AI narrative earlier in the year, according to Ives.
<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">While Nvidia and Microsoft are the core drivers of AI, now we are seeing many other tech stalwarts join the AI Party including Oracle, SAP, ServiceNow, Palantir, Salesforce, Dell, IBM, Apple, and AMD among others &#x1f525;&#x1f3c6;&#x1f402;&#x1f37f; <a href="https://t.co/kfpqGZYmYu">https://t.co/kfpqGZYmYu</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1848061647484760323?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41308908/man-who-accidentally-threw-hard-drive-containing-8-000-bitcoins-worth-half-a-billion-dolla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The Site</a>
Why It Matters: The anticipation of a strong third quarter for tech firms aligns with recent trends in the industry. Nvidia remains a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41410262/ai-creates-generational-opportunity-why-nvidia-analyst-says-stock-will-hit-190">top pick within the AI sector</a>, with analysts labeling it a &#8220;generational opportunity&#8221; due to its dominant market position in AI chips. 
This sentiment is echoed by Taiwan Semiconductor Mfg. Co. Ltd.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) recent earnings, which <a href="https://www.benzinga.com/news/earnings/24/10/41373163/nvidia-supplier-tsmc-reports-q3-revenue-earnings-beat-amid-rising-demand-for-ai-chips">exceeded expectations due to strong demand</a> for AI chips, further supporting the bullish outlook for tech companies.
Additionally, the third quarter earnings preview suggests that the tech sector is <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41280243/q3-earnings-preview-analyst-predicts-tech-will-triumph-while-energy-will-struggle">poised to outperform</a>, while other sectors like energy may face challenges. 
This optimism is further supported by increased ad spending, as seen with Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), where analysts have raised price targets ahead of its earnings report, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41390020/analysts-lift-price-targets-on-meta-platforms-stock-ahead-of-q3-earnings-heres-why">driven by strong ad spending</a>.
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41401233/tech-bull-says-investors-should-take-advantage-of-amazon-stocks-period-of-relative-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tech Bull Says Investors Should Take &#8216;Advantage&#8217; Of Amazon Stock&#8217;s &#8216;Period Of Relative Underperformance&#8217; Ahead Of Q3 Earnings</a></li>
</ul>
Image Via Flickr
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

AAPL

DELL

PLTR

Dan Ives Acknowledges Nvidia, Microsoft As 'Core Drivers Of AI' But Sees Palantir, IBM, AMD And Apple Joining The Party As Well — Robust Q3 Earnings Expected

SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) is preparing to release its quarterly earnings on Monday, 2024-10-21. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect SAP to report an earnings per share (EPS) of $1.33.
SAP bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Earnings Track Record</h3>
In the previous earnings release, the company missed EPS by $0.01, leading to a 7.13% increase in the share price the following trading session.

<img src="https://www.benzinga.com/files/images/story/2024/1729260060_0.png" alt="eps graph" />
<h3>Performance of SAP Shares</h3>
Shares of SAP were trading at $228.84 as of October 17. Over the last 52-week period, shares are up 74.12%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<h3>Insights Shared by Analysts on SAP</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding SAP.
Analysts have provided SAP with 5 ratings, resulting in a consensus rating of Outperform. The average one-year price target stands at $242.0, suggesting a potential 5.75% upside.
<h3>Comparing Ratings Among Industry Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of Salesforce, Adobe and Intuit, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>As per analysts' assessments, Salesforce is favoring an Outperform trajectory, with an average 1-year price target of $309.49, suggesting a potential 35.24% upside.</li>
<li>Adobe is maintaining an Outperform status according to analysts, with an average 1-year price target of $625.79, indicating a potential 173.46% upside.</li>
<li>Intuit received a Outperform consensus from analysts, with an average 1-year price target of $744.3, implying a potential 225.25% upside.</li>
</ul>
<h3>Peer Analysis Summary</h3>
The peer analysis summary presents essential metrics for Salesforce, Adobe and Intuit, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>SAP</td>
<td>Outperform</td>
<td>9.72%</td>
<td>$6.02B</td>
<td>2.10%</td>
</tr>
<tr>
<td>Salesforce</td>
<td>Outperform</td>
<td>8.39%</td>
<td>$7.17B</td>
<td>2.44%</td>
</tr>
<tr>
<td>Adobe</td>
<td>Outperform</td>
<td>10.59%</td>
<td>$4.85B</td>
<td>11.46%</td>
</tr>
<tr>
<td>Intuit</td>
<td>Outperform</td>
<td>17.40%</td>
<td>$2.40B</td>
<td>-0.11%</td>
</tr>
</tbody>
</table>

Key Takeaway:
SAP ranks at the top for Gross Profit and Revenue Growth among its peers. It is in the middle for Return on Equity.
<h3>Discovering SAP: A Closer Look</h3>
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: Delving into Financials</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: SAP's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 9.72%. This indicates 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 excels beyond industry benchmarks, reaching 10.71%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): SAP's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.1%, 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 1.24%, 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 0.23, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<a href="https://www.benzinga.com/quote/SAP/earnings">To track all earnings releases for SAP visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Look Ahead: SAP's Earnings Forecast

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587639df5064ed0001400135/david-manthey">Baird analyst David Manthey</a> upgraded the rating for W.W. Grainger, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWW#NYSE">GWW</a>) from Neutral to Outperform and raised the price target from $975 to $1,230. Grainger shares closed at $1,085.57 on Tuesday. <a href="https://www.benzinga.com/quote/GWW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst David Begleiter upgraded Westlake Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) from Underperform to Neutral and boosted the price target from $151 to $159. Westlake shares closed at $141.80 on Tuesday. <a href="https://www.benzinga.com/quote/WLK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Atif Malik upgraded the rating for Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) from Neutral to Buy and increased the price target from $52 to $62. Cisco shares closed at $54.08 on Tuesday. <a href="https://www.benzinga.com/quote/CSCO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Cleveland Research upgraded the rating for SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) from Neutral to Buy. SAP shares closed at $229.52 on Tuesday. <a href="https://www.benzinga.com/quote/SAP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James analyst Steven Seedhouse upgraded Wave Life Sciences Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WVE#NASDAQ">WVE</a>) from Outperform to Strong Buy and increased the price target from $13 to $22. WAVE Life Sciences shares closed at $8.56 on Tuesday. <a href="https://www.benzinga.com/quote/WVE/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying CSCO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="517" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/16144213/image-130-1024x517.png" alt="" class="wp-image-599072" style="width:632px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/16144213/image-130-1024x517.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/16144213/image-130-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/16144213/image-130-768x388.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/16144213/image-130.png 1297w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More:<a href="https://www.benzinga.com/news/24/10/41358280/united-airlines-posts-upbeat-earnings-joins-morgan-stanley-u-s-bancorp-and-other-big-stocks-moving-h"> </a>
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41358280/united-airlines-posts-upbeat-earnings-joins-morgan-stanley-u-s-bancorp-and-other-big-stocks-moving-h">United Airlines Posts Upbeat Earnings, Joins Morgan Stanley, U.S. Bancorp And Other Big Stocks Moving Higher On Wednesday</a></li>
</ul>

Upgrades

CSCO

This Cisco Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

Warburg Research analyst Andreas Wolf maintained a Hold rating on SAP SE (0NW4 – Research Report) today and set a price target of €160.00. The comp...

Warburg Research Keeps Their Hold Rating on SAP SE (0NW4)

Stifel Nicolaus analyst Chandramouli Sriraman has maintained their bullish stance on 0NW4 stock, giving a Buy rating today. Chandramouli Sriraman's...

SAP SE Achieves Robust Cloud and Financial Growth, Earning Buy Rating

Frederic Boulan, an analyst from Bank of America Securities, reiterated the Buy rating on SAP SE (0NW4 – Research Report). The associated price tar...

SAP SE: Strong Q3 Performance and Promising Growth Outlook Justify Buy Rating

Oakmark International Strategy Q3 2024 Commentary

JMP Securities raised the firm's price target on SAP (SAP) to $300 from $245 and keeps an Outperform rating on the shares. SAP reported strong Q3 r...

SAP price target raised to $300 from $245 at JMP Securities

TD Cowen analyst Derrick Wood maintained a Hold rating on SAP AG (SAP – Research Report) today. The company's shares closed yesterday at $229.48. A...

TD Cowen Keeps Their Hold Rating on SAP AG (SAP)

Oppenheimer analyst Brian Schwartz maintained a Hold rating on SAP AG (SAP – Research Report) today. The company's shares closed yesterday at $229....

SAP AG (SAP) Gets a Hold from Oppenheimer

SAP rises after 'solid' Q3 results and outlook keep analysts bullish

BMO Capital raised the firm's price target on SAP (SAP) to $265 from $248 and keeps an Outperform rating on the shares. The company reported steady...

SAP price target raised to $265 from $248 at BMO Capital

Recent data reveals that the eurozone economy has narrowly skirted a recession, showing lukewarm yet positive growth. With the EU and euro area expected to grow steadily over the next two years, investing in quality stocks like Novo Nordisk (NVO), SAP SE (SAP), and Shell plc (SHEL) could be beneficial. Learn more… Europe's slow but steady recovery presents a fertile ground for investors to consider investing in fundamentally sound companies like Novo Nordisk A/S (<a href="https://stocknews.com/stock/NVO/">NVO</a>), SAP SE (<a href="https://stocknews.com/stock/SAP/">SAP</a>), and Shell plc (<a href="https://stocknews.com/stock/SHEL/">SHEL</a>), which are well-positioned to capitalize on the region's improving economic landscape.
The eurozone has been flirting with recession for over a year, but recent indicators offer hope. Industrial output <a href="https://www.reuters.com/markets/europe/euro-zone-banks-see-rebound-loan-demand-rates-fall-ecb-survey-shows-2024-10-15/">increased by 1.8%</a> in August, slightly above expectations, with capital and durable consumer goods driving demand. Germany, the largest economy in the region, saw a 3% surge in output. While the broader eurozone's annual output growth remains weak, this uptick suggests there's life in the region's industrial sector.
Meanwhile, investor sentiment in Germany is also improving, with the ZEW economic sentiment index <a href="https://www.reuters.com/markets/europe/german-investor-morale-recovers-october-2024-10-15/">rising to 13.1 points</a> in October, pointing to increasing optimism around growth prospects. Inflation has also eased, <a href="https://www.europarl.europa.eu/RegData/etudes/BRIE/2020/645716/IPOL_BRI(2020)645716_EN.pdf">dipping to 2.2%</a>, opening the door for potential interest rate cuts by the European Central Bank.
Moreover, expectations for stable inflation and China's stimulus measures boosting export demand further enhance the region's outlook. The EU economy is expected to grow by 1.0% in 2024 and <a href="https://economy-finance.ec.europa.eu/economic-forecast-and-surveys/economic-forecasts/spring-2024-economic-forecast-gradual-expansion-amid-high-geopolitical-risks_en">1.6% in 2025</a>, while the euro area is expected to grow by 0.8% in 2024 and 1.4% in 2025.
Given this backdrop, companies like NVO, SAP, and SHEL seem well-positioned to benefit from Europe's economic rebound. Let's delve into the fundamental aspects of these stocks in detail:
Novo Nordisk A/S (<a href="https://stocknews.com/stock/NVO/">NVO</a>)
Headquartered in Bagsvaerd, Denmark, NVO is a global healthcare company that discovers, develops, manufactures, and markets pharmaceutical products. It operates through two business segments: Diabetes and Obesity care; and Biopharm.
On October 8, NVO launched the Childhood Obesity Prevention Initiative, targeting disadvantaged urban communities in six cities across five continents. With an investment of over 250 million Danish kroner ($36.51 million), this three-year initiative aims to promote physical activity and healthy eating among children to combat obesity.
In June, the company announced a $4.1 billion investment to expand US manufacturing capacity by building a second fill and finishing manufacturing facility in Clayton, North Carolina. This will grow the facility's ability to produce current and future injectable treatments for people with obesity and other serious chronic diseases.
For the first half of the year that ended June 30, 2024, NVO's net sales increased 23.9% year-over-year to Kr133.41 billion ($19.48 billion), while its operating profit came in at Kr57.78 billion ($8.44 billion) up 18.2% year-over-year. The company's net profit came in at Kr45.46 billion ($6.64 billion) and Kr10.17 per share, representing 15.8% and 16.8% increases year-over-year, respectively.
The consensus <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> estimate of $0.85 for the fiscal third quarter (ended September 2024) represents a 19.6% improvement year-over-year. The consensus revenue estimate of $10.52 billion for the about-to-be-quarter represents a 25.9% increase from last year. The company has an impressive surprise history; it surpassed the consensus EPS estimates in each of the trailing four quarters.
Over the past year, the stock has gained 15.3%, closing the last trading session at $117.81.
NVO's promising fundamentals are apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
It has an A grade for Quality and is ranked #23 out of 159 stocks in the <a href="https://stocknews.com/category/pharmaceuticals/">Medical - Pharmaceuticals</a> industry. <a href="https://stocknews.com/stock/NVO/">Click here</a> to see the additional ratings for NVO (Growth, Value, Momentum, Stability, and Sentiment).
SAP SE (<a href="https://stocknews.com/stock/SAP/">SAP</a>)
SAP is a Germany-based company that offers enterprise application software. It operates through three segments: Applications, Technology &amp; Services; the SAP Business Network; and the Customer Experience.
On September 12, the company completed its acquisition of WalkMe Ltd. (<a href="https://stocknews.com/stock/WKME/">WKME</a>) for $1.5 billion in an all-cash deal. WKME's digital adoption platform will enhance SAP's Business Transformation Management portfolio, including SAP Signavio and SAP LeanIX, by improving workflow execution and user experience. Its AI technology will also power SAP's Joule copilot, offering context-aware assistance to boost workflow productivity.
SAP's total revenue for the second quarter (ended June 30, 2024) increased 9.7% year-over-year to €8.29 billion ($9.03 billion). Its gross profit grew 11.2% from the year-ago value to €6.02 billion ($6.56 billion).
The company's cash inflow from operating activities amounted to €1.54 billion ($4.78 billion), representing an 81.6% improvement from the same period last year. Also, its free cash flow stood at €1.29 billion ($1.41 billion), up 113.7% year-over-year.
Analysts expect SAP's revenue for the fourth quarter (ending December 2024) to grow 7.7% year-over-year to $9.89 billion, while its EPS for the same period is expected to increase 3.8% from the prior year to $1.59. Also, it topped the revenue estimates in three of the trailing four quarters.
The stock has gained 78.2% over the past year to close the last trading session at $229.52.
SAP's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has a B grade for Stability, Sentiment, and Quality. Out of 131 stocks in the <a href="https://stocknews.com/category/software-application/">Software – Application</a> industry, SAP is ranked #24. <a href="https://stocknews.com/stock/SAP/">Click here</a> to see SAP's Growth, Value, and Momentum ratings.
Shell plc (<a href="https://stocknews.com/stock/SHEL/">SHEL</a>)
SHEL is an international energy and petrochemical company headquartered in London, United Kingdom. The company is engaged in the exploration, production, refining, and marketing of oil and natural gas, as well as the manufacturing and marketing of chemicals. Its businesses include Upstream, Integrated Gas, Renewables and Energy Solutions, and Downstream.
On September 9, the company paid an interim dividend for the second quarter of 2024 of $ 0.34 per ordinary share. SHEL pays an annual dividend of $2.73, which translates to a yield of 4.13% at the current share price. Its four-year average dividend yield is 3.11%.
On August 14, Shell Offshore Inc., a subsidiary of SHEL, announced its Final Investment Decision (FID) for a water injection project at the Vito asset in the U.S. Gulf of Mexico. Set to begin in 2027, the waterflood process aims to boost oil recovery by displacing additional oil in the reservoir. This investment is expected to increase production capacity and deliver high-margin, lower-carbon barrels from the company's Upstream business.
During the fiscal second quarter, which ended June 30, 20234, SHEL's total revenue and other income amounted to $75.06 billion, while its adjusted earnings grew 24% from the year-ago value to $6.29 billion. The company's adjusted EBITDA increased 16.4% year-over-year to $16.81 billion. Also, its adjusted EPS rose 32% from the prior year's quarter to $0.99.
Street expects SHEL's revenue for the fiscal third quarter (ended September 2024) to increase 2.2% year-over-year to $77.99 billion, while its EPS for the same period is expected to come in at $1.73. Moreover, it beat the EPS estimates in three of the trailing four quarters, which is promising.
Shares of SHEL have gained 3.6% over the past nine months to close the last trading session at $66.08.
It is no surprise that SHEL has an overall rating of B, equating to a Buy in our POWR Ratings system. It has a B grade for Stability and Quality. Within the <a href="https://stocknews.com/category/energy-oil-gas/">Energy - Oil &amp; Gas</a> industry, it is ranked #6 out of 77 stocks.
In addition to the POWR Rating grades I've just highlighted, you can see SHEL's Growth, Value, Momentum, and Sentiment ratings <a href="https://stocknews.com/stock/SHEL/">here</a>.
What To Do Next?
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<hr />
NVO shares were trading at $117.58 per share on Wednesday afternoon, down $0.23 (-0.20%). Year-to-date, NVO has gained 14.54%, versus a 23.33% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/nvo-sap-shel-wkme-3-european-stocks-to-buy-as-the-region-recovers/>3 European Stocks to Buy as the Region Recovers</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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