SAPの空売り状況は、投資家がSAPの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

SAP (NYSE:SAP) 株価情報, 空売り情報

Founded in 1972 by former IBM employees, SAP provides database technology and enterprise resource planning software to enterprises around the world. Across more than 180 countries, the company serves 440,000 customers, approximately 80% of which are small- to medium-size enterprises.

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SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) is set to give its latest quarterly earnings report on Monday, 2024-10-21. Here's what investors need to know before the announcement.
Analysts estimate that SAP will report an earnings per share (EPS) of $1.33. 
Anticipation surrounds SAP's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.01, which was followed by a 7.13% increase in the share price the next day.
Here's a look at SAP's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.33</td>
<td>1.19</td>
<td>1.11</td>
<td>1.73</td>
<td>1.41</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.35</td>
<td>1.18</td>
<td>0.88</td>
<td>1.51</td>
<td>1.58</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>7.000000000000001%</td>
<td>6.0%</td>
<td>7.000000000000001%</td>
<td>5.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730901729_0.png" alt="eps graph" />
<h3>SAP Share Price Analysis</h3>
Shares of SAP were trading at $235.9 as of November 05. Over the last 52-week period, shares are up 65.6%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<h3>Analysts' Perspectives on SAP</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on SAP.
With 6 analyst ratings, SAP has a consensus rating of Outperform. The average one-year price target is $263.83, indicating a potential 11.84% upside.
<h3>Comparing Ratings Among Industry Peers</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of Salesforce, Adobe and Intuit, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>For Salesforce, analysts project an Outperform trajectory, with an average 1-year price target of $311.14, indicating a potential 31.89% upside.</li>
<li>Analysts currently favor an Outperform trajectory for Adobe, with an average 1-year price target of $627.77, suggesting a potential 166.12% upside.</li>
<li>Intuit is maintaining an Outperform status according to analysts, with an average 1-year price target of $744.3, indicating a potential 215.52% upside.</li>
</ul>
<h3>Peers Comparative Analysis Summary</h3>
In the peer analysis summary, key metrics for Salesforce, Adobe and Intuit are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>SAP</td>
<td>Outperform</td>
<td>9.38%</td>
<td>$6.21B</td>
<td>3.53%</td>
</tr>
<tr>
<td>Salesforce</td>
<td>Outperform</td>
<td>8.39%</td>
<td>$7.17B</td>
<td>2.44%</td>
</tr>
<tr>
<td>Adobe</td>
<td>Outperform</td>
<td>10.59%</td>
<td>$4.85B</td>
<td>11.46%</td>
</tr>
<tr>
<td>Intuit</td>
<td>Outperform</td>
<td>17.40%</td>
<td>$2.40B</td>
<td>-0.11%</td>
</tr>
</tbody>
</table>

Key Takeaway:
SAP ranks first in revenue growth among its peers. It ranks second in gross profit and return on equity.
<h3>Unveiling the Story Behind SAP</h3>
Founded in 1972 by former IBM employees, SAP provides database technology and enterprise resource planning software to enterprises around the world. Across more than 180 countries, the company serves 440,000 customers, approximately 80% of which are small- to medium-size enterprises.
<h3>A Deep Dive into SAP's Financials</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: SAP's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 9.38%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: SAP's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 17.27%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): SAP's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 3.53%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): SAP's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.09%, the company showcases efficient use of assets and strong financial health.
Debt Management: SAP's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.26.
<a href="https://www.benzinga.com/quote/SAP/earnings">To track all earnings releases for SAP visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Earnings Preview For SAP

SAP's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) short percent of float has fallen 6.67% since its last report. The company recently reported that it has 1.60 million shares sold short, which is 0.14% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.04 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>SAP Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730387724_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for SAP has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing SAP's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, SAP's peer group average for short interest as a percentage of float is 3.29%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into SAP's Recent Short Interest

As IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) gears up for its <a href="https://www.benzinga.com/quote/IBM/earnings">third quarter earnings</a> report after Wednesday's market close, all eyes are on its expected EPS of $2.23 and revenue of $15.07 billion.
The software giant has been riding high, boasting a year-to-date gain of 43.81%, and a whopping 70.30% surge over the past year. 
With SAP SE's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) recent report setting the stage for the cloud business outlook, investors are looking to IBM, Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to see if they can keep up with the evolving cloud landscape.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41459989/sap-beats-q3-expectations-analysts-expect-big-cash-flow-ramp-in-2025">SAP Beats Q3 Expectations, Analysts Expect &#8216;Big Cash-Flow Ramp In 2025&#8217;</a>
IBM isn't sitting still in the AI race either. Fresh off the launch of Granite 3.0, its most advanced AI models built for business, Big Blue is flexing its AI muscle. 
These models not only compete with industry leaders but also emphasize performance, safety, and open-source collaboration, giving IBM a strategic edge in the AI space.
<h2 class="wp-block-heading">IBM Stock Chart Looks Ready To Extend Its Climb</h2>
On the charts, IBM stock&#8217;s current trend remains bullish, supported by bullish signals from key indicators. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="455" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23095733/Screenshot-2024-10-23-at-7.27.11-PM.png" alt="" class="wp-image-609745" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23095733/Screenshot-2024-10-23-at-7.27.11-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23095733/Screenshot-2024-10-23-at-7.27.11-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
Trading at $231.30, the stock sits above its 20-day ($228.59), 50-day ($214.45) and 200-day ($188.61) simple moving averages (SMAs)—driven by bullish momentum in the medium-to-long-term.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="455" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23095950/Screenshot-2024-10-23-at-7.26.43-PM.png" alt="" class="wp-image-609749" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23095950/Screenshot-2024-10-23-at-7.26.43-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23095950/Screenshot-2024-10-23-at-7.26.43-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
However, the Relative Strength Index (RSI) at 65.75 suggests IBM is nearing overbought territory, hinting that investors might want to tread carefully. The stock&#8217;s Moving Average Convergence/Divergence (MACD) at 5.33 also signals positive momentum, reflecting slight buying pressure. 
Meanwhile, with the eight-day SMA at $232.78, there's a minor bearish signal in the short term, but overall, IBM looks ready to extend its climb.
The Granite 3.0 launch, coupled with a strong cloud business outlook, puts IBM in the spotlight ahead of earnings. Whether the stock can maintain its stellar run remains to be seen, but the technicals—and the AI—are certainly in its favor.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41485836/how-to-earn-500-a-month-from-ibm-stock-ahead-of-q3-earnings">How To Earn $500 A Month From IBM Stock Ahead Of Q3 Earnings</a></li>
</ul>
Image via Open Grid Scheduler / Grid Engine

Technicals

Previews

Tech

ORCL

IBM AI Momentum Meets Earnings Buzz: Is The Stock Ready For A Cloud-Powered Climb?

Barclays analyst Raimo Lenschow maintains SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) with a Overweight and raises the price target from $252 to $275.

Price Target

Analyst Ratings

Barclays Maintains Overweight on SAP, Raises Price Target to $275

BMO Capital analyst Keith Bachman maintains SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) with a Outperform and raises the price target from $248 to $265.

BMO Capital Maintains Outperform on SAP, Raises Price Target to $265

TD Cowen analyst J. Derrick Wood maintains SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) with a Hold and raises the price target from $234 to $240.

TD Cowen Maintains Hold on SAP, Raises Price Target to $240

In the last three months, 3 analysts have published ratings on SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $267.67, a high estimate of $300.00, and a low estimate of $251.00. Marking an increase of 12.62%, the current average surpasses the previous average price target of $237.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1729612876_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of SAP among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Patrick Walravens</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$300.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$252.00</td>
<td>$251.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$251.00</td>
<td>$217.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to SAP. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of SAP compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of SAP's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SAP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on SAP analyst ratings.</a>
<h2>About SAP</h2>
Founded in 1972 by former IBM employees, SAP provides database technology and enterprise resource planning software to enterprises around the world. Across more than 180 countries, the company serves 440,000 customers, approximately 80% of which are small- to medium-size enterprises.
<h3>SAP's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Over the 3 months period, SAP showcased positive performance, achieving a revenue growth rate of 9.72% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: SAP's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.71% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): SAP's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.1%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): SAP's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.24%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.23, SAP adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Basics of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For SAP

Shares of SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) continued to rise in early trading on Tuesday after the company reported <a href="https://www.benzinga.com/news/earnings/24/10/41439701/sap-stock-climbs-after-mixed-q3-results-eps-beat-revenues-miss">its third-quarter results</a>.
The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
KeyBanc Capital Markets On SAP
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58777fa15064ed000173004c/jackson-ader">Analyst Jackson Ader</a> reaffirmed an Overweight rating, while raising the price target from $230 to $270.
SAP delivered another quarter of more than 30% Cloud ERP growth and accelerated organic growth in constant currency terms, Ader said in a note. Current cloud backlog (CCB) grew 29%, up from 28% in the second quarter, he added.
"FX headwinds actually caused the reported number to miss estimates, but we believe investors will look through that to see the positive momentum," the analyst wrote. Although the company's Ambition 2025 targets have moved higher in recent quarters, they "continue to be de-risked," he further stated.
JMP Securities On SAP
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5846fffaee7bf6000154d141/patrick-walravens">Analyst Patrick Walravens</a> reiterated a Market Outperform rating, while lifting the price target from $245 to $300.
SAP's quarterly results were strong, with revenue and earnings slightly beating consensus estimates, Walravens said. Revenue growth of 10% year-on-year was flat versus the previous quarter, while cloud growth and current cloud backlog growth accelerated to 27% and 29%, from 25% and 28% in the second quarter, he added.
The company held its cloud revenue guidance for 2024 unchanged at €17.0 billion to €17.3 billion, while raising its cloud and software revenue outlook to €29.5 billion to €29.8 billion, from its previous forecast of €29.0 billion to 29.5 billion, the analyst stated. SAP reiterated its 2025 outlook of more than €37.5 billion in total revenues, over €21.5 billion in cloud revenues and €10.2 billion in operating profits, he said.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Oppenheimer On SAP
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/597b3ef9c1f5580001ef5278/brian-schwartz">Analyst Brian Schwartz</a> maintained a Perform rating on the stock.
SAP's top-line growth reaccelerated in the quarter, while cloud revenue and cash generation outperformed, and the commentary around big deals was strong, Schwartz said. The company has generated more than €1 billion in free cash flows in every quarter in 2024 and "remains on-track for its 2025 free cash flow guidance," he added.
The analyst stated, however, that SAP's current cloud backlogs look softer than in recent quarters, "which suggests deal volume may have underwhelmed, though the growth rate remains strong." "SAP's accelerating Cloud ERP revenue and 3Q results lend support to the benefits of an ERP modernization cycle, where SAP sits in a leading position, and a big cash-flow ramp in 2025," he further wrote.
Piper Sandler On SAP
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586e4055351b9b00018beeab/brent-bracelin">Analyst Brent Bracelin</a> said that SAP delivered an acceleration in ERP Suite growth to 36% year-on-year from 32% six months ago. This was the fourth quarter of improving Cloud Backlog growth in constant currency, he added.
The enterprise spending tailwinds "could be more SAP company-specific vs. the broader SaaS industry poised to moderate for the third straight year," the analyst stated. OneStream Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OS#NASDAQ">OS</a>) and BlackLine Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BL#NASDAQ">BL</a>) could benefit due to exposure to the SAP ecosystem, he added.
SAP Price Action: Shares of SAP were up 1.4% to $232.75 at the time of publication on Tuesday.
Read More: <a href="https://www.benzinga.com/markets/equities/24/10/41442947/sap-is-joining-the-ai-party-as-a-foundational-player-alongside-leaders-nvidia-and-microsoft-says">SAP Is Joining The AI Party As A &#8216;Foundational Player&#8217; Alongside Leaders Nvidia And Microsoft, Says Wedbush&#8217;s Dan Ives</a>
Photo: Wirestock Creators/ Shutterstock.com

Analyst Color

Earnings Beats

Reiteration

Movers

SAP Beats Q3 Expectations, Analysts Expect 'Big Cash-Flow Ramp In 2025'

Investors with a lot of money to spend have taken a bearish stance on SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SAP, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 10 uncommon options trades for SAP.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 60%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $221,690, and 5 are calls, for a total amount of $190,620.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $195.0 to $240.0 for SAP over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of SAP stands at 287.29, with a total volume reaching 953.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in SAP, situated within the strike price corridor from $195.0 to $240.0, throughout the last 30 days.
<h3>SAP Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729607472_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SAP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$8.4</td>
<td>$7.1</td>
<td>$7.1</td>
<td>$230.00</td>
<td>$68.1K</td>
<td style="text-align: right;">67</td>
<td style="text-align: right;">98</td>
</tr>
<tr>
<td>SAP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$9.6</td>
<td>$9.4</td>
<td>$9.6</td>
<td>$230.00</td>
<td>$48.0K</td>
<td style="text-align: right;">908</td>
<td style="text-align: right;">240</td>
</tr>
<tr>
<td>SAP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$10.9</td>
<td>$10.7</td>
<td>$10.8</td>
<td>$240.00</td>
<td>$46.4K</td>
<td style="text-align: right;">35</td>
<td style="text-align: right;">73</td>
</tr>
<tr>
<td>SAP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$10.8</td>
<td>$10.7</td>
<td>$10.8</td>
<td>$240.00</td>
<td>$44.2K</td>
<td style="text-align: right;">35</td>
<td style="text-align: right;">114</td>
</tr>
<tr>
<td>SAP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$41.9</td>
<td>$40.2</td>
<td>$41.08</td>
<td>$195.00</td>
<td>$41.0K</td>
<td style="text-align: right;">23</td>
<td style="text-align: right;">11</td>
</tr>
</tbody>
</table>

<h3>About SAP</h3>
Founded in 1972 by former IBM employees, SAP provides database technology and enterprise resource planning software to enterprises around the world. Across more than 180 countries, the company serves 440,000 customers, approximately 80% of which are small- to medium-size enterprises.
Following our analysis of the options activities associated with SAP, we pivot to a closer look at the company's own performance.
<h3>SAP's Current Market Status</h3>
<ul>
<li>With a volume of 870,471, the price of SAP is up 2.69% at $235.66. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 91 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for SAP with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

SAP Unusual Options Activity

JMP Securities analyst Patrick Walravens maintains SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) with a Market Outperform and raises the price target from $245 to $300.

JMP Securities Maintains Market Outperform on SAP, Raises Price Target to $300

WIIM

SAP shares are trading higher after the company reported better-than-expected Q3 adjusted EPS results and issued FY24 guidance.

SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) exceeded <a href="https://www.benzinga.com/news/earnings/24/10/41439701/sap-stock-climbs-after-mixed-q3-results-eps-beat-revenues-miss">earnings expectations in its latest quarter</a>, with Wedbush Securities analyst Dan Ives highlighting the European tech giant&#8217;s emerging role in the artificial intelligence revolution alongside industry leaders NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
What Happened: &#8220;SAP is going to be a foundational player,&#8221; Ives <a href="https://www.cnbc.com/video/2024/10/21/ives-sap-will-be-a-foundational-player-in-the-ai-market.html">told</a> CNBC. &#8220;I think it&#8217;s going to be a huge step in the right direction on cloud checks, actually very strong for SAP.&#8221;
The German software giant&#8217;s transformation to cloud-based services continues to accelerate, with Ives noting that cloud operations now represent approximately 45% of the company&#8217;s business. This figure is projected to reach 70% by the end of next year, signaling a significant shift in SAP&#8217;s business model.
The German software giant&#8217;s transformation to cloud-based services continues to accelerate, with Ives noting that cloud operations now represent approximately 45% of the company&#8217;s business. This figure is projected to reach 70% by the end of next year, signaling a significant shift in SAP&#8217;s business model.
&#8220;This speaks to the second derivative of the AI revolution,&#8221; Ives said. &#8220;It&#8217;s not just about NVIDIA and Microsoft, SAP is now joining that AI party.&#8221;
The results come as enterprise resource planning (ERP) and logistics software providers increasingly integrate AI capabilities into their offerings. Ives positioned SAP alongside Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), Microsoft, and Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) as major beneficiaries of this trend, suggesting these companies will see &#8220;incremental string from enterprises accelerating AI cloud appointment.&#8221;
The growing emphasis on AI integration in enterprise software marks a significant shift in the industry, with traditional ERP providers like SAP adapting their offerings to meet the increasing demand for AI-powered solutions. 
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41442502/jim-cramer-says-buy-the-amex-dip-citing-love-from-millennial-and-gen-z-members-younger-customers">Jim Cramer Says Buy The AmEx Dip Citing Love From Millennial And Gen Z Members — Younger Customers Will Stick With The &#8216;Company For Decades&#8217;</a>
Why It Matters: SAP reported adjusted earnings of $1.33 per share, beating the consensus estimate of $1.32. Quarterly revenue came in at $9.16 billion, slightly below the <a href="https://www.benzinga.com/news/earnings/24/10/41439701/sap-stock-climbs-after-mixed-q3-results-eps-beat-revenues-miss">consensus estimate of $9.17 billion</a>. 
On Monday, Ives also mentioned other companies like Palantir, IBM, AMD, and Apple making <a href="https://www.benzinga.com/markets/equities/24/10/41420779/dan-ives-acknowledges-nvidia-microsoft-as-core-drivers-of-ai-but-sees-palantir-ibm-amd-and-apple">significant moves in artificial intelligence</a>.
Despite the positive earnings, SAP has been under scrutiny due to a <a href="https://www.benzinga.com/government/24/09/41029962/department-of-justice-investigates-sap-carahsoft-in-2b-price-fixing-probe">Department of Justice investigation</a> into allegations of overcharging U.S. government agencies. This investigation has been ongoing since at least 2022 and focuses on potential price-fixing schemes involving $2 billion worth of SAP technology sold to U.S. military and government agencies since 2014.
Price Action: SAP SE stock closed at $229.48 on Monday, down 0.42% for the day. In after-hours trading, the stock saw a notable increase, rising 3.54%. Year to date, SAP has gained 52.77%, according to <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41436349/tesla-q3-earnings-preview-analyst-says-1-8-million-unit-estimate-hittable-for-2024-">Tesla Q3 Earnings Preview: Analyst Says 1.8 Million Unit Estimate &#8216;Hittable&#8217; For 2024, &#8216;2 Million+ Number The Focus For 2025&#8217;</a></li>
</ul>
Image Via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors

Equities

SAP Is Joining The AI Party As A 'Foundational Player' Alongside Leaders Nvidia And Microsoft, Says Wedbush's Dan Ives

U.S. markets closed mixed on Monday, with the Dow Jones Industrial Average dropping 0.8% to 42,931.60 and the S&amp;P 500 slipping 0.2% to 5,853.98. Meanwhile, the Nasdaq gained 0.3%, closing at 18,540.01.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
Nvidia&#8217;s shares reached a new all-time high, closing at a 4.14% increase to $143.71. The stock&#8217;s intraday high and low were $143.71 and $138 respectively, with a 52-week high and low of $143.71 and $39.23. The company&#8217;s stock has seen a <a href="https://www.benzinga.com/news/24/10/41437976/nvidia-stock-hits-all-time-high-ahead-of-big-tech-earnings-whats-going-on">significant rise</a> due to the increasing demand for its GPUs, particularly from hyperscalers building out data centers with advanced AI capabilities.
Spirit Airlines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>)
Spirit Airlines&#8217; stock soared by 53.06% to close at $2.25. The intraday high and low were $2.54 and $1.85 respectively, with a 52-week high and low of $17.49 and $1.4. The airline&#8217;s shares traded higher after it <a href="https://www.benzinga.com/news/24/10/41432467/why-spirit-airlines-stock-is-taking-off-monday">extended its debt refinancing deadline</a>.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41422633/investors-lost-over-95-of-their-wealth-in-this-nvidia-linked-etf-while-jensen-huang-led-chip-gia?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Investors Lost Over 95% Of Their Wealth In This Nvidia-Linked ETF While Jensen Huang-Led Chip Giant Gained 220% In The Past Year: Here&#8217;s More</a>
SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>)
SAP&#8217;s shares saw a slight decrease of 0.42% to close at $229.48. The stock&#8217;s intraday high and low were $230.84 and $228.12 respectively, with a 52-week high and low of $232.23 and $130.08. The company&#8217;s stock traded higher after it reported mixed <a href="https://www.benzinga.com/news/earnings/24/10/41439701/sap-stock-climbs-after-mixed-q3-results-eps-beat-revenues-miss">third-quarter</a> financial results.
Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)
Trump Media &amp; Technology&#8217;s shares rose by 5.81% to close at $31.3. The stock&#8217;s intraday high and low were $31.65 and $29.32 respectively, with a 52-week high and low of $79.38 and $22.55. This comes despite <a href="https://www.benzinga.com/general/social-media/24/10/41431721/djt-stock-rises-despite-reported-whistleblower-allegations-at-trump-media">reported whistleblower allegations</a> concerning the Donald Trump-associated company&#8217;s hiring strategy.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares decreased by 0.84% to close at $218.85. The stock&#8217;s intraday high and low were $220.48 and $215.73 respectively, with a 52-week high and low of $271 and $138.8. Tesla&#8217;s CEO, Elon Musk, recently <a href="https://www.benzinga.com/news/24/10/41431406/elon-musk-says-tesla-will-not-buy-ev-rival-rivian-going-to-have-a-hard-time">dismissed the idea</a> of acquiring EV rival Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>).
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41308908/man-who-accidentally-threw-hard-drive-containing-8-000-bitcoins-worth-half-a-billion-dolla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The Site</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

RIVN

SAVE

Nvidia, Spirit Airlines, SAP, Trump Media & Technology, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) shares are trading higher after the company reported its third-quarter financial results after Monday's closing bell. Here's a look at the<a href="https://www.benzinga.com/pressreleases/24/10/n41438841/sap-announces-q3-2024-results"> details from the report. </a>
The Details: SAP reported adjusted earnings of $1.33 per share, beating the consensus estimate of $1.32. Quarterly revenue came in at $9.16 billion, slightly below the consensus estimate of $9.17 billion.&nbsp;
<ul>
<li>SAP reported a current cloud backlog of $16.66 billion, up 25% and up 29% at constant currencies.</li>
<li>Cloud revenue was up 25% and up 27% at constant currencies.</li>
<li>Cloud ERP Suite revenue was up 34% and up 36% at constant currencies.</li>
<li>IFRS cloud gross profit was up 26%, non-IFRS cloud gross profit grew 27% and up 28% at constant currencies.</li>
<li>IFRS operating profit grew 29%, non-IFRS operating profit was up 27% and up 28% at constant currencies.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/24/10/41418987/nuclear-energy-stocks-are-hot-heres-a-list-of-tickers-to-watch">Nuclear Energy Stocks Are Hot: Here&#8217;s A List Of Tickers To Watch</a>
"Q3 was another strong quarter for SAP, and we are confidently raising our 2024 financial outlook. Cloud revenue growth developed remarkably well in the quarter, especially for our Cloud ERP Suite. Even more importantly, we are making strong progress on Business AI with groundbreaking innovations such as SAP Knowledge Graph. A significant part of our cloud deals in Q3 included AI use cases," said Christian Klein, CEO of SAP.  
Outlook: SAP raised its fiscal 2024 outlook for cloud and software revenue, operating profit and free cash flow.  
SAP Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, SAP shares are up 3.95% after-hours at $238.55 at the time of publication Monday.
Read Also:&nbsp;
<ul>
<li>&nbsp;<a href="https://www.benzinga.com/news/24/10/41415824/lucid-ceo-peter-rawlinson-talks-saudi-investment-elon-musks-political-views-and-taking-business-from">Lucid CEO Peter Rawlinson Talks Saudi Investment, Elon Musk&#8217;s Political Views And Taking Business From Tesla</a></li>
</ul>
Photo: Courtesy of SAP SE ADS

Global

SAP Stock Climbs After Mixed Q3 Results: EPS Beat, Revenues Miss

SAP shares are trading higher after the company reported better-than-expected Q3 adjuted EPS results and issued FY24 guidance.

Guidance

SAP Continues To Expect €17.0 Billion – 17.3 Billion Cloud Revenue At Constant Currencies (2023: €13.66 Billion), Up 24% To 27% At Constant Currencies; An Effective Tax Rate (Non-IFRS) Of ~32% (2023: 30.3%)

SAP Sees FY24 €7.8 Billion – €8.0 Billion Non-IFRS Operating Profit At Constant Currencies (2023: €6.51 Billion), Up 20% To 23% At Constant Currencies, Raising The Midpoint By €150 Million. The Previous Range Was €7.6 Billion – €7.9 Billion At Constant Currencies; €3.5 Billion – 4.0 Billion Free Cash Flow (2023: €5.09 Billion). The Previous Outlook Was ~€3.5 Billion

For 2024, SAP is updating its cloud and software revenue, operating profit and free cash flow outlook and now expects:
<ul>
<li>€29.5 – 29.8 billion cloud and software revenue at constant currencies (2023: €26.92 billion), up 10% to 11% at constant currencies, raising the midpoint by €400 million. The previous range was €29.0 – 29.5 billion at constant currencies.</li>
<li>€7.8 – 8.0 billion non-IFRS operating profit at constant currencies (2023: €6.51 billion), up 20% to 23% at constant currencies, raising the midpoint by €150 million. The previous range was €7.6 – 7.9 billion at constant currencies.</li>
<li>€3.5 – 4.0 billion free cash flow (2023: €5.09 billion). The previous outlook was approximately €3.5 billion.</li>
</ul>
SAP continues to expect:
<ul>
<li>€17.0 – 17.3 billion cloud revenue at constant currencies (2023: €13.66 billion), up 24% to 27% at constant currencies.</li>
<li>An effective tax rate (non-IFRS) of approximately 32% (2023: 30.3%)2.</li>
</ul>
While SAP's 2024 financial outlook is at constant currencies, actual currency reported figures are expected to be impacted by currency exchange rate fluctuations as the company progresses through the year, as reflected in the table below.

SAP Sees FY24 €29.5 Billion – €29.8 Billion Cloud And Software Revenue At Constant Currencies (2023: €26.92 Billion), Up 10% To 11% At Constant Currencies, Raising The Midpoint By €400 Million. The Previous Range Was €29.0 Billion – 29.5 Billion At Constant Currencies

Earnings Misses

SAP Q3 2024 Adj. EPS €1.23 Beats €1.22 Estimate, Sales €8.470B Miss €8.479B Estimate

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index moved to the &#8220;Extreme Greed&#8221; zone on Friday.
U.S. stocks settled higher on Friday, with the Dow Jones index and S&amp;P 500 jumping to fresh record highs during the session.
All three major indices recorded gains for the sixth straight week, with the Dow and S&amp;P 500 gaining 0.96% and 0.85%, respectively. The Nasdaq, meanwhile, added 0.80% last week.
On the economic data front, U.S. housing starts fell by 0.5% from the previous month to an annualized rate of 1.354 million units in September. Building permits declined by 2.9% to an annual rate of 1.428 million in September.
Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) shares jumped around 11% on Friday after the company reported better-than-expected third-quarter earnings. The Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) posted upbeat quarterly earnings, while revenue missed estimates.
As far as the earnings season is concerned, over 70 S&amp;P 500 companies have released quarterly results so far, with around 75% of those exceeding market estimates.
Most sectors on the S&amp;P 500 closed on a positive note, with utilities, communication services, and real estate stocks recording the biggest gains on Friday. However, energy stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 37 points to 43,275.91 on Friday. The S&amp;P 500 gained 0.40% to rise to 5,864.67, while the Nasdaq Composite rose 0.63% to close at 18,489.55 during Friday's session.
Investors are awaiting earnings results from SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>), Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>), and Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 75, the index moved to the &#8220;Extreme Greed&#8221; zone on Friday, versus a prior reading of 70.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41402086/wall-streets-most-accurate-analysts-give-their-take-on-3-financials-stocks-delivering-hi">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Financials Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

LOGI

NFLX

Dow, S&P 500 Settle At Record High Levels, Record 6th Consecutive Week Of Gains: Fear Index Moves To 'Extreme Greed' Zone

Markets outside the United States don't always move in sync with domestic trends, which means adding international stocks can help reduce volatility and spread risk. Thus, investors looking to diversify their portfolio can consider investing in fundamentally sound companies like SAP SE (SAP), AstraZeneca (AZN), and Alibaba Group (BABA) for potential returns. Read on… When it comes to investing, many people think that simply spreading their money across a few different companies is enough for diversification. However, true diversification is more nuanced. Recent global economic and geopolitical challenges have raised important questions about how much <a href="https://www.tiaa.org/public/invest/services/wealth-management/perspectives/why-international-stocks-still-make-sense">international exposure</a> investors should have in their portfolios.
While U.S. stocks are influenced mainly by domestic factors, international stocks tap into diverse economic trends across different regions that can enhance returns and mitigate risks. Below, I have highlighted three global stocks, namely, SAP SE (<a href="https://stocknews.com/stock/SAP/">SAP</a>), AstraZeneca PLC (<a href="https://stocknews.com/stock/AZN/">AZN</a>), and Alibaba Group Holding Limited (<a href="https://stocknews.com/stock/BABA/">BABA</a>), that provide exposure to international equities for portfolio diversification by offering opportunities in expanding economies and emerging markets.
As countries focus on building their own capabilities and becoming less reliant on foreign markets, new opportunities are emerging. This shift can lead to greater competition and economic independence, meaning that while the U.S. economy might struggle, some international markets could be booming, and vice versa. Such diversification can be beneficial for long-term investors.
Currently, inflation levels across many countries are hovering close to central bank targets, which could pave the way for easier monetary policies. Moreover, the global economy has shown resilience, with growth expected to maintain a steady pace of <a href="https://www.imf.org/en/Blogs/Articles/2024/10/22/as-inflation-recedes-global-economy-needs-policy-triple-pivot#:~:text=Growth%20is%20projected%20to%20hold%20steady%20at%203.2%20percent%20in,often%20tied%20to%20intensifying%20conflicts.">3.2% in 2024</a> and 2025. Emerging markets, in particular, are projected to grow at around 4.2% this year and next, buoyed by strong performance in emerging Asia.
In addition, emerging market equities have recently outperformed their developed market counterparts, achieving <a href="https://www.lazardassetmanagement.com/research-insights/outlooks/emerging-markets">gains of 8.7%</a> compared to 6.4%. This marks a significant trend, as it is the first time since 2020 that emerging markets have outperformed for two consecutive quarters.
Considering these conducive trends, let's discuss the fundamentals of the featured stocks in detail:
SAP SE (<a href="https://stocknews.com/stock/SAP/">SAP</a>)
SAP is a Germany-based company that offers enterprise application software. It operates through three segments: Applications, Technology &amp; Services; the SAP Business Network; and the Customer Experience.
On September 12, the company completed its acquisition of WalkMe Ltd. (<a href="https://stocknews.com/stock/WKME/">WKME</a>) for $1.5 billion in an all-cash deal. WKME's digital adoption platform will enhance SAP's Business Transformation Management portfolio, including SAP Signavio and SAP LeanIX, by improving workflow execution and user experience. Its AI technology will also power SAP's Joule copilot, offering context-aware assistance to boost workflow productivity.
SAP's total revenue for the third quarter (ended September 30, 2024) increased 9.4% year-over-year to €8.47 billion ($9.16 billion). Its gross profit grew 10.2% from the year-ago value to €6.21 billion ($6.72 billion).
The company's cash inflow from operating activities amounted to €1.47 billion ($1.59 billion), representing a 31.2% improvement from the same period last year. Also, its <a href="https://www.investopedia.com/terms/f/freecashflow.asp">free cash flow</a> stood at €1.25 billion ($1.35 billion), up 44.3% year-over-year.
Analysts expect SAP's revenue for the fourth quarter (ending December 2024) to grow 7.3% year-over-year to $9.86 billion, while its EPS for the same period is estimated to come in at $1.51. Also, it topped the revenue estimates in three of the trailing four quarters.
The stock has gained 77.8% over the past year to close the last trading session at $237.69.
SAP's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
It has a B grade for Stability, Sentiment, and Quality. Out of 132 stocks in the <a href="https://stocknews.com/category/software-application/">Software – Application</a> industry, SAP is ranked #27. <a href="https://stocknews.com/stock/SAP/">Click here</a> to see SAP's Growth, Value, Momentum, and Sentiment ratings.
AstraZeneca PLC (<a href="https://stocknews.com/stock/AZN/">AZN</a>)
Headquartered in Cambridge, the United Kingdom, AZN is a renowned biopharmaceutical company focusing on discovering, developing, manufacturing, and commercializing prescription medicines. Its marketed products treat oncology, COVID-19, respiratory, cardiovascular, renal, and metabolism diseases, etc.
On June 4, AZN acquired Fusion Pharmaceuticals Inc., a clinical-stage biopharmaceutical company specializing in next-generation radioconjugates (RCs). The acquisition strengthens the company's oncology portfolio with Fusion's innovative RC pipeline, including FPI-2265 for metastatic castration-resistant prostate cancer (mCRPC). It also enhances AZN's expertise in RCs and expands its R&amp;D, manufacturing, and supply chain capabilities while bolstering its presence in Canada.
For the second quarter that ended June 30, 2024, AZN's total revenue increased 13.3% year-over-year to $12.94 billion, while its gross profit rose 13.7% from the year-ago value to $10.76 billion. The company's profit after tax and EPS amounted to $1.93 billion and $1.24, representing increases of 5.9% and 6% from the prior-year quarter, respectively. In addition, its operating profit stood at $2.75 billion, up 11.8% year-over-year.
The consensus EPS estimate of $1.05 for the third quarter (ending September 2024) represents a 20.9% improvement year-over-year. The consensus revenue estimate of $13.11 billion for the same period indicates a 14.1% increase from the prior-year period. The company has an impressive surprise history; it surpassed the consensus revenue estimates in three of the trailing four quarters.
AZN's shares have gained 16.2% over the past year to close the last trading session at $75.05.
It's no surprise that AZN has an overall rating of A, which equates to a Strong Buy in our proprietary rating system. It has an A grade for Growth and Stability and a B for Value and Quality. Among 163 stocks in the <a href="https://stocknews.com/category/pharmaceuticals/">Medical - Pharmaceuticals</a> industry, it is ranked #7.
In addition to the POWR Ratings we've stated above, we also have AZN's ratings for Momentum and Sentiment. Get all AZN ratings <a href="https://stocknews.com/stock/AZN/">here</a>.
Alibaba Group Holding Limited (<a href="https://stocknews.com/stock/BABA/">BABA</a>)
Based in Hangzhou, China, BABA offers technology infrastructure and marketing reach to help merchants, brands, and retailers connect with international users and customers. Its segments include China Commerce; International Commerce; Local Consumer Services; Cainiao; Cloud; Digital Media and Entertainment; Innovation Initiatives and Others.
On September 5, BABA partnered with Mastercard Incorporated (<a href="https://stocknews.com/stock/MA/">MA</a>) and Cardless to introduce a co-branded credit card that rewards businesses for cross-border and domestic purchases on Alibaba.com. The partnership would simplify shopping, boost customer loyalty, and strengthen BABA's global presence.
For the fiscal 2025 first quarter that ended June 30, 2024, BABA's revenue increased 3.9% year-over-year to $33.47 billion. Its income from operations amounted to $4.95 billion. Plus, the company reported its adjusted EBIDTA at $6.20 billion for the quarter. Moreover, its non-GAAP net income and non-GAAP EPS came in at $5.60 billion and $0.28 for the quarter, respectively.
Analysts expect BABA's revenue for the fiscal third quarter ending December 2024 to increase 9% year-over-year to $39.45 billion. Likewise, its EPS for the ongoing quarter is expected to grow by 3.5% from the prior year to $2.73.
Shares of BABA have gained 30.5% over the past six months and 25.7% year-to-date to close the last trading session at $97.42.
BABA's POWR Ratings reflect its positive outlook. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
It also has a B grade for Quality. In the 41-stock A-rated <a href="https://stocknews.com/category/china/">China</a> industry, it is ranked #18. To see BABA's Growth, Value, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/BABA/">click here</a>.
What To Do Next?
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SAP shares . Year-to-date, SAP has gained 55.15%, versus a 22.97% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/sap-azn-baba-wkme-ma-3-global-stocks-to-diversify-your-portfolio/>3 Global Stocks to Diversify Your Portfolio</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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