SAP (SAP) Given a €120.00 Price Target at Credit Suisse Group
A number of other brokerages have also recently weighed in on SAP. Royal Bank of Canada set a €97.00 ($114.12) price target on SAP and gave the stock a neutral rating in a research note on Friday, April 20th. Baader Bank set a €112.00 ($131.76) price target on SAP and gave the stock a buy rating in a research note on Tuesday, July 10th. Morgan Stanley set a €105.00 ($123.53) price target on SAP and gave the stock a neutral rating in a research note on Monday, July 16th. UBS Group set a €97.00 ($114.12) price target on SAP and gave the stock a neutral rating in a research note on Wednesday, April 25th. Finally, Sanford C. Bernstein set a €104.00 ($122.35) price target on SAP and gave the stock a buy rating in a research note on Tuesday, July 3rd. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. SAP presently has a consensus rating of Buy and an average price target of €110.45 ($129.94).
Shares of SAP opened at €99.99 ($117.64) on Thursday, according to Marketbeat.com. SAP has a 1-year low of €81.37 ($95.73) and a 1-year high of €100.70 ($118.47).
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.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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