Analyst Rating Update on SAP SE (SAP)

SAP SE (NYSE:SAP) : The consensus on SAP SE (NYSE:SAP) based on 13 analyst recommendation on the company stock is 2.31, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on SAP SE (NYSE:SAP).

SAP SE (NYSE:SAP) : Average target price received by SAP SE (NYSE:SAP) is $88.82 with an expected standard deviation of $11.57. The most aggressive target on the stock is $108, whereas the most downbeat target is $78. 6 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Jefferies downgrades its rating on SAP SE (NYSE:SAP). The shares have been rated Underperform. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on June 13, 2016.

SAP SE (NYSE:SAP): stock turned positive on Tuesday. Though the stock opened at $73.68, the bulls momentum made the stock top out at $74 level for the day. The stock recorded a low of $73.06 and closed the trading day at $73.85, in the green by 2.54%. The total traded volume for the day was 1,078,106. The stock had closed at $72.02 in the previous days trading.

SAP SE, formerly SAP AG, is a provider of application and analytics software for enterprises in mobile enterprise management. SAP is an enterprise cloud company. As of December 31, 2014, the Company has more than 282,000 customers in over 180 countries. The Company offers solutions-based on its SAP HANA platform. The SAP HANA platform combines database, data processing, and application platform capabilities in-memory. It also provides capabilities, such as predictive text analytics, spatial processing and data virtualization. The Company offers application software to around 25 industries in six industry sectors and 12 business lines, including consumer, discrete manufacturing, energy and natural resources, financial services, public services and other services. Through Sapphire Ventures, Sapphire Ventures invests in global companies, as well as early-stage venture capital funds in enterprise and consumer technology.

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