SAP Stock Falls as UBS Downgrades Stock on "Slow" Move into AI

Dow Jones
08/26

SAP stock slumped on Wednesday, making it the worst-performing large-cap European stock, after a UBS analyst criticized the German database giant’s slow rollout of artificial-intelligence-based tools.

US-listed SAP shares fell 4% in premarket trading, as UBS downgraded the stock to neutral from buy and even as it raised its price target to 201 euros from 164 euros.

Analysts led by Michael Briest said SAP’s actual AI deliverables remain “quite some way” behind the ambitions laid out at the company’s Sapphire conference, with just 17 out-of-the-box agents now available and fewer than 20 in the ramp-up stage.

In addition, the analysts flag a likely deceleration in constant-currency backlog growth, estimating SAP will end the year at 24% organic growth versus the 26% figure from June.

The analysts also see limited upside potential in free cash flow.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10