Report
Gregory Ramirez

SAP: Sapphire Now 2021: on the right trajectory | BUY | EUR139 VS. EUR133 (+16%)

SAP - BUY | EUR139 VS. EUR133 (+16%)
Sapphire Now 2021: on the right trajectory

We reiterate our Buy rating and have raised our target price to EUR139
The case for moving to S/4HANA Cloud has seen increasing relevance
There are more ammunition for growth acceleration after 2022
With the BTP, the promise to end the “nightmare” of SAP migrations
Underlying
SAP SE

SAP is engaged in selling licenses for software solutions and related support services. Co. derives its revenue from fees charged to its customers for the use of its cloud solutions and for licensing of on-premise software products and solutions. Additional sources of revenue are support, professional services, development, training, and other services. Co. has more than 300,000 customers in over 180 countries. Co.'s SAP HANA platform holds the ability to simplify both the user experience and the overall IT landscape, creating a smaller data footprint, increased system throughput, and easier data processing and operation.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Gregory Ramirez

Other Reports on these Companies
Other Reports from Bryan Garnier

ResearchPool Subscriptions

Get the most out of your insights

Get in touch