Credit Suisse Group Analysts Give SAP (SAP) a €120.00 Price Target

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SAP (ETR:SAP) received a €120.00 ($139.53) target price from stock analysts at Credit Suisse Group in a note issued to investors on Tuesday, November 13th. The firm currently has a “buy” rating on the technology company’s stock. Credit Suisse Group’s price target indicates a potential upside of 36.49% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Independent Research set a €100.00 ($116.28) price target on shares of SAP and gave the company a “neutral” rating in a research report on Tuesday, November 13th. Cfra set a €107.00 ($124.42) price objective on shares of SAP and gave the stock a “buy” rating in a report on Tuesday, November 13th. Goldman Sachs Group set a €122.00 ($141.86) price objective on shares of SAP and gave the stock a “buy” rating in a report on Monday, November 12th. UBS Group set a €110.00 ($127.91) price objective on shares of SAP and gave the stock a “buy” rating in a report on Monday, November 12th. Finally, Baader Bank set a €112.00 ($130.23) price objective on shares of SAP and gave the stock a “buy” rating in a report on Monday, November 12th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of €113.14 ($131.56).

Shares of ETR SAP traded down €2.39 ($2.78) during midday trading on Tuesday, hitting €87.92 ($102.23). 3,685,357 shares of the company traded hands, compared to its average volume of 3,430,000. SAP has a 12-month low of €81.37 ($94.62) and a 12-month 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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