SAP (ETR:SAP) Given a €122.00 Price Target at Berenberg Bank

SAP (ETR:SAP) received a €122.00 ($141.86) target price from equities researchers at Berenberg Bank in a report issued on Monday, November 12th. The brokerage currently has a “buy” rating on the technology company’s stock. Berenberg Bank’s price objective suggests a potential upside of 37.59% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. 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. Societe Generale set a €109.00 ($126.74) target price on SAP and gave the stock a “buy” rating in a research report on Thursday, July 19th. Sanford C. Bernstein set a €104.00 ($120.93) target price on SAP and gave the stock a “buy” rating in a research report on Thursday, July 19th. Citigroup set a €116.00 ($134.88) price target on shares of SAP and gave the stock a “buy” rating in a report on Friday, July 20th. Finally, Cfra set a €117.00 ($136.05) price target on shares of SAP and gave the stock a “buy” rating in a report on Friday, July 20th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. SAP presently has a consensus rating of “Buy” and a consensus price target of €113.14 ($131.56).

SAP stock traded up €0.75 ($0.87) during trading on Monday, hitting €88.67 ($103.10). The stock had a trading volume of 3,047,776 shares, compared to its average volume of 3,430,000. SAP has a 1 year low of €81.37 ($94.62) and a 1 year high of €100.70 ($117.09).

About SAP

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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