SAP share: Analysts see potential

Dusseldorf So far, the year has gone badly for SAP shareholders. The software manufacturer is successfully expanding its business with cloud services as part of a new strategy. Nevertheless, the sell-off of the share continues – since the beginning of the year the price has fallen by more than 20 percent dropped. At the close of trading on Thursday, it was a good 95 euros.

SAP’s valuation appears attractive: Shareholders pay premiums of 50 percent based on adjusted earnings (Ebitda) for American technology companies such as Salesforce, Intuit and Adobe. Most analysts therefore see potential in SAP and recommend buying the paper, although several have recently lowered their price targets.

In the year of the company’s 50th anniversary, the SAP share is still miles away from its former long-standing favorite for investors. It is questionable whether a trend reversal will succeed in the near future. The software company was unable to convince investors with its quarterly figures, which were published on April 22nd.