JPMorgan Lifts SAP to Overweight With 275 Euro Target as Buyback Passes 9.6 Million Shares
Published on 11/15/2026 at 06:11 | Editorial boerse-global.de
SAP's share price found a fresh catalyst this week, with JPMorgan upgrading the stock from "Neutral" to "Overweight" on Monday and raising its price target to 275 euros from 175 euros, according to media reports. The stock closed Friday trading at €213.20, up 0.8%.
The upgrade lands alongside steady progress on the company's 2026 share buyback programme. In the repurchase week ending 6 November, SAP bought back roughly 465,000 of its own shares on Xetra for a total of around €95.4 million. That brings the cumulative volume of the programme to approximately 9.6 million shares as of that cutoff date.
AstraZeneca Moves to Cloud ERP Private
On the operational side, SAP said Tuesday that AstraZeneca will migrate to SAP Cloud ERP Private as part of RISE with SAP, extending a partnership that has now spanned 20 years. According to SAP, the migration covers one of the largest SAP system landscapes in the life-sciences sector. The announcement describes a planned transition rather than a completed move to the cloud solution.
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SAP also published product-related emissions and energy data for customers of its cloud offerings. Per the company, the figures show the consumption of supported SAP cloud products based on the infrastructure each customer uses.
Patch Day Brings 35 Notes and Four Maximum-Severity Flaws
Tuesday's November patch day saw SAP release 35 new security notes together with four GitHub security advisories. Four of the disclosed vulnerabilities carried a CVSS score of 10.0.
Investors will hear from CFO Dominik Asam twice in the coming weeks. He is scheduled to appear at the Morgan Stanley TMT Conference in Barcelona on 19 November 2026, followed by the UBS Global Technology Conference in Scottsdale on 1 December 2026.
SAP has earmarked 28 January 2027 for its next earnings release, when it will publish preliminary results for the fourth quarter and the full 2026 financial year. The accompanying analyst and investor conference is set for 07:00 CET, putting both the closing quarter and the year's overall performance on that day's agenda.
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SAP Stock: New Analysis - 15 November
Fresh SAP information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
