Deutsche Bank set a €102.00 ($121.43) target price on SAP (ETR:SAP) in a research note issued to investors on Friday morning. The brokerage currently has a buy rating on the technology company’s stock.
Other research analysts also recently issued reports about the stock. Morgan Stanley set a €102.00 ($121.43) target price on shares of SAP and gave the company a buy rating in a research report on Wednesday, October 4th. HSBC set a €110.00 ($130.95) target price on shares of SAP and gave the company a buy rating in a research report on Tuesday, January 16th. JPMorgan Chase & Co. set a €105.00 ($125.00) price objective on shares of SAP and gave the stock a buy rating in a research report on Thursday, October 19th. Commerzbank set a €99.00 ($117.86) price objective on shares of SAP and gave the stock a neutral rating in a research report on Thursday, October 19th. Finally, Goldman Sachs Group set a €108.00 ($128.57) price objective on shares of SAP and gave the stock a buy rating in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of €102.20 ($121.67).
SAP (SAP) opened at €91.89 ($109.39) on Friday. The company has a market cap of $113,390.00 and a price-to-earnings ratio of 29.74. SAP has a 52-week low of €81.92 ($97.52) and a 52-week high of €100.70 ($119.88).
SAP Company Profile
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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