Brokerage Firm Rating Update on SAP SE (SAP)

SAP SE (SAP) : The consensus on SAP SE (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 3 which endorses a Hold 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 (SAP).

SAP SE (SAP) : The most positive equity analysts on SAP SE (SAP) expects the shares to touch $105, whereas, the least positive believes that the stock will trade at $79 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $90.7 with an expected fluctuation of $8.57 from the mean.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Jefferies, downgrades their rating on the shares of SAP SE (NYSE:SAP). Jefferies has a Underperform rating on the shares. 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): The stock opened at $90.77 and touched an intraday high of $91 on Wednesday. During the day, the stock corrected to an intraday low of $90.36, however, the bulls stepped in and pushed the price higher to close in the green at $90.82 with a gain of 0.46% for the day. The total traded volume for the day was 621,278. The stock had closed at $90.4 in the previous trading session.

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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