In a report released today, Brian Schwartz from Oppenheimer assigned a Buy rating to SAP AG (SAP), with a price target of $155.00. The company’s shares closed last Thursday at $143.51.
According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 32.3% and a 78.6% success rate. Schwartz covers the Technology sector, focusing on stocks such as Qualtrics International, Bill.com Holdings, and Coupa Software.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SAP AG with a $158.50 average price target.
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SAP AG’s market cap is currently $167.4B and has a P/E ratio of 25.30. The company has a Price to Book ratio of -79.71.
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Founded in 1972, Germany-based SAP SE, engages in the provision of enterprise application software and software-related services. It operates through four segments, including Applications, Technology, & Support; Concur; Qualtrics; and Services.
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