SAP (ETR:SAP) Given a €111.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a €111.00 ($132.14) target price on SAP (ETR:SAP) in a report published on Monday, December 18th. The brokerage currently has a buy rating on the technology company’s stock.

SAP has been the topic of several other research reports. Citigroup set a €105.00 ($125.00) price objective on shares of SAP and gave the company a buy rating in a research report on Wednesday, September 6th. Berenberg Bank set a €106.00 ($126.19) price objective on shares of SAP and gave the company a buy rating in a research report on Friday, September 1st. Credit Suisse Group set a €103.00 ($122.62) price objective on shares of SAP and gave the company a buy rating in a research report on Monday, December 4th. Goldman Sachs Group set a €112.00 ($133.33) target price on shares of SAP and gave the stock a buy rating in a research report on Friday, November 17th. Finally, set a €105.00 ($125.00) target price on shares of SAP and gave the stock a buy rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of €101.46 ($120.78).

Shares of SAP (ETR SAP) traded down €3.15 ($3.75) during trading hours on Monday, reaching €91.43 ($108.85). 4,274,991 shares of the company’s stock traded hands, compared to its average volume of 2,230,000. SAP has a 1 year low of €81.92 ($97.52) and a 1 year high of €100.70 ($119.88). The company has a market cap of $113,490.00 and a P/E ratio of 29.59.

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About SAP

SAP SE operates as an enterprise application software and database company worldwide. It offers SAP HANA and SAP S/4HANA, which are in-memory computing platforms that store and process huge data, and eliminate the maintenance of separate legacy systems and siloed data; SAP BW/4HANA, a data warehouse software; SAP S/4HANA Cloud, a software-as-a-service solution that provides the scalability, ease of management, and security; SAP SuccessFactors, a suite of human capital management solutions to develop, manage, engage, and empower the workforce; SAP Concur, a travel and expense management solution; SAP Ariba, a guided buying, light enablement, and open platform solution; and SAP Fieldglass, a solution to procure and manage external workforce.

Analyst Recommendations for SAP (ETR:SAP)

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