Goldman Sachs Group Inc Reiterates €110.00 Price Target for SAP SE (SAP)

Goldman Sachs Group Inc set a €110.00 ($118.28) price objective on SAP SE (ETR:SAP) in a research note released on Thursday morning. The firm currently has a buy rating on the stock.

Several other analysts also recently commented on SAP. Morgan Stanley set a €88.00 ($94.62) price objective on shares of SAP SE and gave the company a buy rating in a research report on Friday, November 18th. Credit Suisse Group AG set a €90.00 ($96.77) price objective on shares of SAP SE and gave the company a buy rating in a research report on Monday, December 5th. JPMorgan Chase & Co. set a €95.00 ($102.15) price objective on shares of SAP SE and gave the company a buy rating in a research report on Monday, December 12th. Baader Bank set a €95.00 ($102.15) price objective on shares of SAP SE and gave the company a buy rating in a research report on Thursday, January 5th. Finally, Barclays PLC set a €95.00 ($102.15) price objective on shares of SAP SE and gave the company a buy rating in a research report on Thursday, January 5th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of Buy and an average price target of €91.80 ($98.70).

Shares of SAP SE (ETR:SAP) opened at 91.31 on Thursday. The firm’s 50-day moving average is €87.88 and its 200 day moving average is €82.38. SAP SE has a 52-week low of €63.00 and a 52-week high of €91.35. The stock has a market capitalization of €109.45 billion and a price-to-earnings ratio of 30.04.

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About SAP SE

SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.

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