SAP Skyrockets 65% YTD: How Should Investors Play the Stock?

SAP SE (SAP) stock has had a good run on the trading front this year, with a year-to-date gain of 65.3%, outpacing its sub-industry, Zacks Computer and Technology sector and the S&P 500 composite’s growth of 22.1%, 32.4% and 27.8%, respectively. Pivot to cloud has been the driving force behind SAP stock’s good run.YTD Price PerformanceImage Source: Zacks Investment ResearchHeadquartered in Walldorf, Germany, SAP is one of the largest independent software vendors in the world and the leading provider of ente ...