Morgan Stanley set a €88.00 ($94.62) price objective on SAP SE (ETR:SAP) in a research note published on Friday. The brokerage currently has a buy rating on the stock.

Several other analysts also recently commented on SAP. Sanford C. Bernstein set a €88.00 ($94.62) target price on shares of SAP SE and gave the stock a buy rating in a report on Thursday, July 21st. Goldman Sachs Group Inc. set a €96.00 ($103.23) target price on shares of SAP SE and gave the stock a buy rating in a report on Thursday, July 21st. Berenberg Bank set a €87.00 ($93.55) target price on shares of SAP SE and gave the stock a buy rating in a report on Thursday, July 21st. Barclays PLC set a €95.00 ($102.15) target price on shares of SAP SE and gave the stock a buy rating in a report on Thursday, July 21st. Finally, BNP Paribas set a €66.00 ($70.97) target price on shares of SAP SE and gave the stock a sell rating in a report on Thursday, July 21st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. The company has an average rating of Buy and an average target price of €86.54 ($93.06).

Analyst Recommendations for SAP SE (ETR:SAP)

Shares of SAP SE (ETR:SAP) opened at 78.869 on Friday. SAP SE has a 12-month low of €63.00 and a 12-month high of €82.57. The company’s 50 day moving average is €79.26 and its 200 day moving average is €75.18. The company has a market capitalization of €94.49 billion and a P/E ratio of 27.810.

SAP SE Company Profile

SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.

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