SAP (ETR:SAP) has been given a €102.00 ($121.43) price target by Deutsche Bank in a report issued on Friday. The brokerage presently has a “buy” rating on the technology company’s stock. Deutsche Bank’s price objective indicates a potential upside of 10.51% from the stock’s previous close.
Several other analysts have also recently issued reports on SAP. Goldman Sachs Group set a €108.00 ($128.57) price objective on shares of SAP and gave the company a “buy” rating in a research note on Tuesday, September 26th. Commerzbank set a €99.00 ($117.86) price objective on shares of SAP and gave the company a “neutral” rating in a research note on Thursday, September 28th. Morgan Stanley set a €102.00 ($121.43) price objective on shares of SAP and gave the company a “buy” rating in a research note on Wednesday, October 4th. UBS Group set a €93.00 ($110.71) price objective on shares of SAP and gave the company a “neutral” rating in a research note on Friday, October 6th. Finally, Credit Suisse Group set a €104.00 ($123.81) price objective on shares of SAP and gave the company a “buy” rating in a research note on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of €102.20 ($121.67).
Shares of SAP (ETR:SAP) opened at €92.30 ($109.88) on Friday. SAP has a 12 month low of €81.92 ($97.52) and a 12 month high of €100.70 ($119.88). The stock has a market cap of $113,390.00 and a price-to-earnings ratio of 29.87.
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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