Goldman Sachs Group set a €121.00 ($140.70) target price on SAP (ETR:SAP) in a research note released on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the technology company’s stock.
A number of other research analysts have also recently weighed in on the stock. Credit Suisse Group set a €120.00 ($139.53) price target on shares of SAP and gave the company a buy rating in a research report on Thursday. Deutsche Bank set a €108.00 ($125.58) price target on shares of SAP and gave the company a buy rating in a research report on Wednesday, April 17th. Baader Bank set a €112.00 ($130.23) price target on shares of SAP and gave the company a buy rating in a research report on Wednesday, April 17th. Morgan Stanley set a €105.00 ($122.09) target price on shares of SAP and gave the stock a neutral rating in a research report on Tuesday, April 9th. Finally, HSBC set a €110.00 ($127.91) target price on shares of SAP and gave the stock a neutral rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of €110.35 ($128.31).
Shares of SAP stock opened at €100.48 ($116.84) on Thursday. The company has a market cap of $119.97 billion and a price-to-earnings ratio of 29.38. The company has a debt-to-equity ratio of 39.14, a quick ratio of 1.51 and a current ratio of 1.59. SAP has a fifty-two week low of €83.95 ($97.62) and a fifty-two week high of €108.52 ($126.19).
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
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