Evercore ISI reiterates In Line rating on SAP stock after results

Evercore ISI has reiterated an “In Line” rating for SAP SE with a EUR200.00 price target after the software company’s quarterly results. SAP’s cloud backlog grew 25% in constant currency, beating expectations despite overall software sector weakness. The stock is currently trading near its 52-week low but analysts suggest it may be undervalued given its low PEG ratio and strong financial health indicated by a Piotroski Score of 9.

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