SAP AG (SAP) Gets a Buy Rating from Oppenheimer

Oppenheimer analyst Brian Schwartz assigned a Buy rating to SAP AG (SAPResearch Report) today and set a price target of $155.00. The company’s shares closed last Wednesday at $138.86.

According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 33.6% and a 80.9% success rate. Schwartz covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Qualtrics International, and Procore Technologies.

Currently, the analyst consensus on SAP AG is a Moderate Buy with an average price target of $156.04, implying a 14.5% upside from current levels. In a report released today, Jefferies also maintained a Buy rating on the stock with a $168.00 price target.

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SAP AG’s market cap is currently $170B and has a P/E ratio of 27.60. The company has a Price to Book ratio of 1484.55.

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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.