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5 big analyst picks: SAP snags 2 upgrades after Q1 miss | Pro Recap

AuthorDavit Kirakosyan Stock Markets

Published Apr 25, 2023 19:56

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5 big analyst picks: SAP snags 2 upgrades after Q1 miss | Pro Recap

ZBRA

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SAP

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UHS

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Investing.com -- Here is your daily Pro Recap of the biggest analyst picks you may have missed since yesterday.

SAP receives two upgrades following Q1 miss

Citi upgraded SAP (NYSE:SAP) to Buy from Neutral and raised its price target to €150.00 from €120.00. Shares are up more than 1% pre-market today. Meanwhile, CFRA upgraded the company to Buy from Hold and raised its price target to $147.00 from $121.00.

As always, InvestingPro subscribers got this news first. Start your free 7-day trial to get on board.

The company reported its Q1 results on Friday. Despite the EPS miss and outlook cut, shares reacted positively to strong cloud revenue growth, closing the day with a 5% gain.

Zebra Technologies upgraded to Outperform, EMEA to drive EPS upside

Credit Suisse upgraded Zebra Technologies (NASDAQ:ZBRA) to Outperform from Neutral and raised its price target to $326.00 from $311.00 ahead of the upcoming Q1/23 earnings, scheduled on May 2.

The firm raised its fiscal 2023 EPS estimate to $17.70 driven by strength in the EMEA region, and better FX. According to Credit Suisse, its channel check suggests Q1 growth in the region to be mid-single to high-single digits (EMEA represents 33% of total sales). Thus, it raised its Q1 EPS estimate to $4.04 (vs. $3.92 consensus). Furthermore, it expects Q2 EPS guidance to be in the range of $4.10-4.40, compared to the $4.17 consensus.

3 more upgrades

BofA Securities upgraded Ally Financial (NYSE:ALLY) to Neutral from Underperform and raised its price target to $28.00 from $24.00.

Last week, the company reported its Q1 results, with EPS of $0.82 coming in worse than the consensus of $0.86, while revenues of $2.1 billion beat the consensus of $2.07B.

Barclays upgraded Universal Health Services (NYSE:UHS) to Equalweight from Underweight and raised its price target to $142.00 from $132.00.

The company reports its Q1 earnings today after the market close.

Goldman Sachs upgraded ZTO Express (NYSE:ZTO) to Buy from Neutral. Shares are up more than 1% pre-market today.

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5 big analyst picks: SAP snags 2 upgrades after Q1 miss | Pro Recap

SAP receives two upgrades following Q1 miss

Zebra Technologies upgraded to Outperform, EMEA to drive EPS upside

3 more upgrades

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