Sanford C. Bernstein set a €114.00 ($132.56) target price on SAP (ETR:SAP) in a research report sent to investors on Thursday morning. The brokerage currently has a buy rating on the technology company’s stock.
A number of other research analysts have also recently issued reports on the company. Berenberg Bank set a €122.00 ($141.86) target price on SAP and gave the company a buy rating in a research note on Monday, September 17th. Barclays set a €122.00 ($141.86) target price on SAP and gave the company a buy rating in a research note on Friday, September 21st. Societe Generale set a €117.00 ($136.05) target price on SAP and gave the company a buy rating in a research note on Tuesday, August 14th. JPMorgan Chase & Co. set a €115.00 ($133.72) price objective on SAP and gave the stock a buy rating in a research report on Tuesday, July 17th. Finally, HSBC set a €120.00 ($139.53) price objective on SAP and gave the stock a buy rating in a research report on Tuesday, July 24th. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of €113.41 ($131.87).
ETR:SAP traded up €0.92 ($1.07) on Thursday, reaching €95.30 ($110.81). The company’s stock had a trading volume of 5,046,374 shares, compared to its average volume of 3,430,000. SAP has a 1-year low of €81.37 ($94.62) and a 1-year high of €100.70 ($117.09).
SAP Company Profile
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.
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