SAP (ETR:SAP) received a €117.00 ($136.05) target price from Societe Generale in a research report issued on Thursday. The brokerage currently has a “buy” rating on the technology company’s stock. Societe Generale’s price objective would suggest a potential upside of 23.97% from the stock’s current price.
Other research analysts also recently issued research reports about the company. Goldman Sachs Group set a €117.00 ($136.05) price objective on SAP and gave the company a “buy” rating in a research note on Wednesday, July 11th. Warburg Research set a €115.00 ($133.72) price objective on SAP and gave the company a “buy” rating in a research note on Thursday, July 19th. Jefferies Financial Group set a €120.00 ($139.53) price objective on SAP and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. set a €115.00 ($133.72) price objective on SAP and gave the company a “buy” rating in a research note on Thursday. Finally, UBS Group set a €108.00 ($125.58) price objective on SAP and gave the company a “neutral” rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of €113.22 ($131.65).
SAP stock traded down €5.96 ($6.93) during trading on Thursday, hitting €94.38 ($109.74). 6,853,511 shares of the company were exchanged, compared to its average volume of 3,430,000. SAP has a 52 week low of €81.37 ($94.62) and a 52 week high of €100.70 ($117.09).
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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