Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / sap is overvalued but its 2024 transformation bodes

SAP - SAP Is Overvalued But Its 2024 Transformation Bodes Well For The Future

SAP SE ADS

2024-03-09 02:15:31 ET

Summary

  • SAP plans to restructure and focus on growth, particularly in business AI, affecting around 8,000 positions.
  • The company aims to maintain a similar headcount by the end of 2024 and expects cloud revenue to increase by 24-27% for the fiscal year.
  • SAP's cloud revenue and backlog have shown significant growth recently, but its operating profit has declined. Reskilling and restructuring are seen as important for future competitiveness.
  • I consider the stock to be moderately overvalued at this time, and investors may find a more favorable valuation later in the year.

...

For further details see:

SAP Is Overvalued, But Its 2024 Transformation Bodes Well For The Future
Stock Information
Company Name: SAP SE ADS
Stock Symbol: SAP
Market: NYSE
Website: sap.com
Menu
SAP SAP Quote SAP Short SAP News SAP Articles SAP Message Board
Get SAP Alerts

News, Short Squeeze, Breakout and More Instantly...