Jun. 27 at 5:29 PM
$SAP SAP is IBD’s Stock of the Day as it rebounds from its 50-day line. The stock rose 2.6% to 303.08 and is up 9% YTD, matching IGV. Analysts praise SAP's steady shift from on-premise software to cloud services, which is driving subscription growth and cross-selling opportunities.
Q1 highlights: Adjusted EPS: €1.44 (
$1.56), beating estimates Revenue: €9.01B, up 12% Cloud revenue: €4.99B, +27% Current Cloud Backlog (CCB): €18.2B, +28% Jefferies and CFRA maintain Buy ratings. SAP’s technicals: Composite Rating: 95/99 Accumulation/Distribution: C+ ATR: 1.62 (low volatility) Extended from buy zone after May breakout
SAP’s AI tools and focus on cloud give it visibility for durable growth, despite market noise and tech tariffs.