Credit Suisse Group Reiterates “€103.00” Price Target for SAP (SAP)
SAP (ETR:SAP) has been assigned a €103.00 ($122.62) price target by equities research analysts at Credit Suisse Group in a report released on Monday. The firm currently has a “buy” rating on the technology company’s stock. Credit Suisse Group’s price target would suggest a potential upside of 9.17% from the stock’s current price.
A number of other research analysts have also weighed in on the company. J P Morgan Chase & Co set a €105.00 ($125.00) price objective on SAP and gave the company a “buy” rating in a research report on Thursday, August 10th. Barclays set a €110.00 ($130.95) price objective on SAP and gave the company a “buy” rating in a research report on Friday, October 20th. Goldman Sachs Group set a €112.00 ($133.33) price objective on SAP and gave the company a “buy” rating in a research report on Friday, November 17th. UBS set a €98.00 ($116.67) price objective on SAP and gave the company a “neutral” rating in a research report on Thursday, November 9th. Finally, Commerzbank set a €99.00 ($117.86) price objective on SAP and gave the company a “neutral” rating in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company. SAP currently has a consensus rating of “Buy” and a consensus price target of €100.88 ($120.09).
SAP (ETR:SAP) traded up €1.18 ($1.40) on Monday, hitting €94.35 ($112.32). The stock had a trading volume of 2,131,835 shares, compared to its average volume of 2,060,000. SAP has a 52 week low of €75.52 ($89.90) and a 52 week high of €100.70 ($119.88).
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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