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SAP: On the Road to €300?
Over the past few months, SAP has shown impressive performance, climbing steadily from around €180 to approximately €260 without significant pullbacks. The stock is now just below its all-time highs. On January 28, 2025, quarterly earnings will be released – could this be the next catalyst for its upward momentum?
It’s certainly possible for SAP to continue its current uptrend, though this might limit the availability of attractive entry points in the short term. A slight pullback toward support levels around €243 or even €230 would be particularly interesting, as these areas could offer opportunities for buyers.
The quarterly results on January 28 will play a key role in shaping the stock’s direction. If the numbers disappoint, a correction could occur. However, it’s crucial that the results aren’t significantly below expectations to keep the aforementioned support levels attractive as potential entry zones.
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