SAP SE (SAP) Given a €112.00 Price Target by The Goldman Sachs Group, Inc. Analysts
SAP SE (ETR:SAP) has been given a €112.00 ($130.23) price objective by equities research analysts at The Goldman Sachs Group, Inc. in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group, Inc.’s price objective would indicate a potential upside of 16.05% from the stock’s previous close.
A number of other brokerages have also commented on SAP. S&P Global set a €95.00 ($110.47) price objective on SAP SE and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Independent Research GmbH set a €95.00 ($110.47) price objective on SAP SE and gave the stock a “neutral” rating in a research report on Thursday, July 20th. Nord/LB set a €99.00 ($115.12) target price on SAP SE and gave the stock a “neutral” rating in a report on Thursday, October 19th. Baader Bank set a €105.00 ($122.09) target price on SAP SE and gave the stock a “buy” rating in a report on Thursday, July 20th. Finally, Citigroup Inc. set a €105.00 ($122.09) target price on SAP SE and gave the stock a “buy” rating in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of €100.88 ($117.30).
Shares of SAP SE (SAP) traded up €0.17 ($0.20) during trading hours on Friday, hitting €96.51 ($112.22). The stock had a trading volume of 2,285,562 shares, compared to its average volume of 1,980,000. SAP SE has a 52 week low of €75.52 ($87.81) and a 52 week high of €100.70 ($117.09).
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SAP SE operates as an enterprise application software and database company worldwide. It offers SAP HANA and SAP S/4HANA, which are in-memory computing platforms that store and process huge data, and eliminate the maintenance of separate legacy systems and siloed data; SAP BW/4HANA, a data warehouse software; SAP S/4HANA Cloud, a software-as-a-service solution that provides the scalability, ease of management, and security; SAP SuccessFactors, a suite of human capital management solutions to develop, manage, engage, and empower the workforce; SAP Concur, a travel and expense management solution; SAP Ariba, a guided buying, light enablement, and open platform solution; and SAP Fieldglass, a solution to procure and manage external workforce.
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