Goldman Sachs Group Reiterates €145.00 Price Target for SAP (ETR:SAP)

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SAP (ETR:SAP) has been given a €145.00 ($168.60) target price by research analysts at Goldman Sachs Group in a research note issued on Friday, Borsen Zeitung reports. The firm currently has a “buy” rating on the technology company’s stock. Goldman Sachs Group’s price target indicates a potential upside of 25.00% from the stock’s previous close.

A number of other research firms have also recently commented on SAP. UBS Group set a €120.00 ($139.53) price target on SAP and gave the stock a “neutral” rating in a report on Monday. HSBC set a €135.00 ($156.98) price target on SAP and gave the stock a “buy” rating in a report on Monday. Barclays set a €125.00 ($145.35) price target on SAP and gave the stock a “buy” rating in a report on Thursday, October 10th. Berenberg Bank set a €130.00 ($151.16) price target on SAP and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Baader Bank set a €120.00 ($139.53) price target on SAP and gave the stock a “neutral” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of €122.57 ($142.52).

SAP stock opened at €116.00 ($134.88) on Friday. SAP has a 52 week low of €83.95 ($97.62) and a 52 week high of €125.00 ($145.35). The company has a debt-to-equity ratio of 6.56, a quick ratio of 0.87 and a current ratio of 0.95. The stock has a market capitalization of $142.51 billion and a P/E ratio of 40.99. The stock has a 50-day simple moving average of €108.43 and a 200 day simple moving average of €110.59.

SAP Company Profile

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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Analyst Recommendations for SAP (ETR:SAP)

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