Commerzbank Reiterates €99.00 Price Target for SAP (SAP)
Several other research analysts have also recently issued reports on SAP. Royal Bank of Canada set a €115.00 ($141.98) target price on shares of SAP and gave the stock a neutral rating in a report on Wednesday. Goldman Sachs Group set a €117.00 ($144.44) target price on shares of SAP and gave the stock a buy rating in a report on Wednesday. JPMorgan Chase & Co. set a €105.00 ($129.63) target price on shares of SAP and gave the stock a buy rating in a report on Monday, January 8th. Independent Research set a €97.00 ($119.75) target price on shares of SAP and gave the stock a neutral rating in a report on Tuesday, January 30th. Finally, UBS Group set a €100.00 ($123.46) target price on shares of SAP and gave the stock a neutral rating in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of €104.17 ($128.61).
SAP (SAP) opened at €88.39 ($109.12) on Wednesday. SAP has a fifty-two week low of €81.37 ($100.46) and a fifty-two week high of €100.70 ($124.32). The stock has a market cap of $108,590.00 and a P/E ratio of 27.88.
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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