HSBC Warns SAP’s Cloud Optimism May Be Overdone
SAP SE (NYSE:SAP) is one of the AI Stocks Analysts Are Watching. On January 20, HSBC analyst Abhishek Shukla initiated coverage on the stock with a Hold rating and a price target of EUR178. The firm noted that SAP’s robust fundamentals and cloud-driven growth are already reflected in the share price, leaving room for limited upside. HSBC noted how SAP’s valuation is already a reflection of its leadership in the ERP market and a robust double-digit earnings growth outlook. The firm forecasts its revenue t ...