SAP (ETR:SAP) has been given a €121.00 ($144.05) price objective by analysts at Goldman Sachs Group in a report released on Thursday. The firm presently has a “buy” rating on the technology company’s stock. Goldman Sachs Group’s price objective would suggest a potential upside of 33.75% from the company’s current price.
A number of other equities analysts have also recently commented on SAP. Baader Bank set a €105.00 ($125.00) price target on SAP and gave the stock a “buy” rating in a report on Wednesday, September 20th. Commerzbank set a €99.00 ($117.86) price target on SAP and gave the stock a “neutral” rating in a report on Thursday, September 28th. Morgan Stanley set a €102.00 ($121.43) price target on SAP and gave the stock a “buy” rating in a report on Wednesday, October 4th. UBS Group set a €93.00 ($110.71) price target on SAP and gave the stock a “neutral” rating in a report on Friday, October 6th. Finally, Credit Suisse Group set a €104.00 ($123.81) price target on SAP and gave the stock a “buy” rating in a report on Monday, October 9th. One 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 stock. The stock has an average rating of “Buy” and an average price target of €102.12 ($121.57).
SAP (ETR SAP) opened at €90.47 ($107.70) on Thursday. SAP has a 1-year low of €81.92 ($97.52) and a 1-year high of €100.70 ($119.88). The company has a market capitalization of $111,140.00 and a PE ratio of 29.28.
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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