分组1 - Starbucks is focusing on operational excellence and customer service through its Green Apron service program, which aims to enhance the customer experience and improve transaction growth [2][34][37] - The company reported positive same-store sales in the US and strong growth in China, indicating a successful turnaround strategy [33][34] - Starbucks plans to introduce new drinks, food items, and an upgraded rewards program, along with remodeling stores to enhance customer experience [34][41][46] 分组2 - In the tech sector, companies that fail to deliver on AI promises during earnings reports, such as Microsoft and ServiceNow, are facing significant market penalties, with Microsoft losing $357 billion in market cap [5][6] - Conversely, companies like Apple that demonstrate strong performance and potential in AI, particularly with a $16 billion year-over-year increase in iPhone sales, are being rewarded by the market [7][10] - The S&P 500 software and services index has reached a nine-month low, highlighting a bifurcation in tech stocks where only those with strong AI strategies are thriving [6][22] 分组3 - The recent appointment of Kevin Walsh as the next Fed chairman could influence market dynamics, particularly regarding interest rates and asset allocation strategies [3][31] - The market is currently experiencing volatility in precious metals, with gold prices dropping significantly, indicating potential shifts in investor sentiment [24][25][28] - Analysts are observing a super cycle in memory stocks, driven by demand for AI-related technologies, which could present investment opportunities [18][19]

Upgrades - BMO Capital upgraded Southwest (LUV) to Outperform from Market Perform with a price target of $57.50, up from $43, citing significant momentum and earnings upside to at least $4.00 per share in 2026 from 93 cents in 2025 [2] - Barclays upgraded Quest Diagnostics (DGX) to Overweight from Equal Weight with a price target of $210, up from $195, noting sustainable organic growth of 4% from fiscal 2024 to 2025 [3] - Guggenheim upgraded GE Vernova (GEV) to Buy from Neutral with a price target of $910, believing the market may underestimate cash generation potential and margin improvement in the electrification segment [4] - Wolfe Research upgraded Broadcom (AVGO) to Outperform from Peer Perform with a price target of $400, based on channel checks indicating the company will ship 7 million tensor processing units by 2028 [5] - Citi upgraded Spotify (SPOT) to Buy from Neutral with an unchanged price target of $650, stating the stock's valuation is now attractive and consensus estimates are beatable [5] Downgrades - HSBC downgraded Pinterest (PINS) to Hold from Buy with a price target of $24.90, down from $34.50, due to an abrupt jobs cut announcement indicating a softer near-term outlook [6] - Jefferies downgraded Kenvue (KVUE) to Hold from Buy with a price target of $18, down from $23, following shareholder approval for a merger with Kimberly-Clark [6] - Citizens downgraded SAP (SAP) to Market Perform from Outperform without a price target, citing disappointing Q4 sales results and a current cloud backlog growth of 25% versus the expected 26% [6] - D. Boral Capital downgraded Quince Therapeutics (QNCX) to Hold from Buy without a price target after negative results from a pivotal Phase 3 clinical trial [6] - Stifel downgraded Codere Online (CDRO) to Hold from Buy with a price target of $8.50, down from $9, believing the company's estimates need to reset due to a recently announced tax hike in Mexico [6]

Core Viewpoint - SAP's stock experienced a significant decline of 15% on January 29, attributed primarily to lower-than-expected cloud backlog growth of 16% in Q4, compared to analyst expectations of 26% [2][4]. Financial Performance - Q4 revenue reached €9.7 billion, an increase from €9.4 billion year-over-year, while operating profit surged to €2.6 billion from €2 billion [3]. - Full-year 2025 cloud revenue increased by 26% on a constant currency basis to €21.02 billion, with Cloud ERP Suite revenue rising by 32% to €18.12 billion [3]. - Non-IFRS operating profit grew by 28% to €10.42 billion, and free cash flow nearly doubled, increasing by 95% to €8.24 billion [3][9]. Backlog and Growth Concerns - The current cloud backlog stands at €21.1 billion ($25.3 billion), growing at 16%, which raises concerns about future revenue conversion [4][5]. - Total cloud backlog reached €77.29 billion, up 30%, but the slower growth in backlog has led to doubts about SAP's growth narrative [5]. - CEO Christian Klein indicated that the backlog growth is expected to "slightly decelerate" in 2026, with cloud revenue growth projected between 23-25% [6]. Market Reaction and Valuation - SAP's stock is trading at levels not seen since mid-2024, with a current price of $200, reflecting a 27 times trailing adjusted earnings multiple, lower than its historical average of 35 times [10][11]. - Despite the apparent undervaluation, the market remains skeptical, as a €10 billion share repurchase program initiated in February 2026 is viewed as insufficient to address the underlying growth concerns [12]. Competitive Landscape - SAP competes with major players like Oracle, Salesforce, Microsoft, and Workday, with its primary strength in Cloud ERP [13]. - The 32% increase in Cloud ERP Suite revenue indicates a strong product-market fit, but hesitance from large enterprises to commit may signal broader industry challenges [13]. Investment Dilemma - The recent decline raises questions about whether this represents a buying opportunity or a broken narrative, as the fundamentals remain solid but growth expectations have been reset [14][16]. - Investors must weigh the potential for robust growth in SAP's cloud transition against concerns about economic uncertainties and AI capabilities impacting cloud adoption [15][16].

投行道明考恩(TD COWEN)将SAP目标价格从280欧元下调至250欧元。 ...

We recently published 10 Stock Titans With Massive Losses. SAP SE (NYSE:SAP) was one of the worst performers on Thursday. SAP SE fell to a new 52-week low on Thursday, as investors took path from an investment firm’s cautious outlook for the broader software-as-a-service (SaaS) sector amid the potential threats of the rapidly growing AI. At intra-day trading, the stock dropped to its lowest price of $195.14 before gaining strength towards the close to finish the day at $200.21, or down by 15.20 percent f ...

SAP Stock Drops 15% After Earnings. Europe's Tech Darling Can't Play With the Big Boys. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# SAP Stock Drops 15% After Earnings. Europe's Tech Darling Can't Play With the Big Boys.By [George Glover ...

Shares in German tech giant SAP have reportedly seen their largest one-day loss since 2020.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The decline came as the company rattled investors over the health of its cl ...

  Vancouver, British Columbia / January 29, 2026 ‑ TheNewswire - Harvest Gold Corporation (TSXV: HVG) (“Harvest Gold” or the “Company”) is pleased to announce the results of a detailed review of current and historical drilling data conducted in light of the Company’s 2025 drilling program.  This work has identified several significant near-surface Au-Ag-Cu halos in the northern portion of the Mosseau Property, its flagship property in the Urban Barry Belt in Quebec’s Abitibi region. Rick Mark, President and ...

European stocks closed on a somewhat mixed note on Thursday with investors mostly reacting to corporate earnings updates, and assessing trade news and geopolitical developments, in addition to digesting the Federal Reserve's monetary policy announcement.The pan European Stoxx 600 ended down by 0.23%. The U.K.'s FTSE 100 and France's CAC 40 closed up by 0.17% and 0.06%, respectively, while Germany's DAX tumbled 2.07%. Switzerland's SMI climbed up 0.95%.Among other in Europe, Austria, Belgium, Czech Republic ...

SAP Stock Dives Amid Mixed Results As Key Cloud Metric Disappoints | Investor's Business DailyBREAKING: [Rare Earths Stocks Skid On Policy Shift]---SAP (SAP) stock plunged after the business software maker reported fourth quarter profit that topped estimates while revenue slightly missed. A key cloud- computing-related metric for SAP stock came in below expectations. "Current Cloud Backlog growth of 25% in constant currency was below target of 26%, driving shares lower," said TD Cowen analyst Derrick Wood i ...