SAP : Stifel raises its target price
The broker points to accelerating growth in the cloud at +25%, driven by S/4HANA and BTP, which together accounted for around 45% of SAP's cloud revenues, climbing by 46% and 61% respectively.
Elsewhere, growth in CCB and TCB accelerated to +27% and +39% respectively, reinforcing our confidence in the medium-term growth momentum of over 20% for SAP Cloud", continues Stifel.
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