What Can We Expect From The SAP (ETR:SAP) Upgrade By Citigroup Corp.? The TP Provided Is EUR 83.00

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SAP (ETR:SAP) Stock Upgrade

Citigroup Corp. upgraded shares of SAP (ETR:SAP) to a solid Buy rating in recent note announced on Friday morning. Analysts currently have a EUR 83.00 Estimated Target Price set on the stock. This Estimated Target Price would suggest a possible upside of 13.90% from the close price of the stock.

From a total of 11 analysts covering SAP (ETR:SAP) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 62% of the ratings are positive. The highest target price is €90.78 while the lowest target price is €74.82. The mean of all analyst targets is €82.59 with a -1.81% below today’s (€72.93) stock price. SAP was the topic of 47 analyst reports since June 25, 2015 according to the firm StockzIntelligence Inc. Bernstein upgraded shares on December 8 to “Outperform” rating. Berenberg maintained shares with “Hold” rating and €63.10 target share price in a report from an October 21. Oddo & Cie downgraded SAP stock in a recent report from November 26 to “Reduce” rating. Kepler Cheuvreux maintained the rating on October 21. Kepler Cheuvreux has a “Hold” rating and a €65 price target on shares. Finally, BNP Paribas downgraded the stock to “Underperform” rating in a report issued on an October 22.

The stock increased 2.46% or EUR 1.75 on December 17, striking EUR 72.93. Approximately 4.09 million shares of stock traded hands or 41.52% up from the average. SAP SE (ETR:SAP) has risen 2.06% since May 15, 2015 and is uptrending. It has outperformed by 4.32% the S&P500.

 What Can We Expect From The SAP (ETR:SAP) Upgrade By Citigroup Corp.? The TP Provided Is EUR 83.00

SAP SE, formerly SAP AG, is a provider of application and analytics software for enterprises in mobile enterprise management. The company has a market cap of 90.16 billion EUR. SAP is an enterprise cloud company. It has 28.2 P/E ratio. As of December 31, 2014, the Company has more than 282,000 clients in over 180 countries.

According to Zacks Investment Research, “Sap Ag Adr is the recognized leader in providing collaborative e-business solutions for all types of industries and for every major market. SAP has leveraged our extensive experience to deliver a comprehensive range of solutions to empower every aspect of business operations. By using SAP solutions, organizations of all sizes including small and midsize enterprises – can reduce costs, improve performance, and gain the agility to respond to changing business needs. SAP is the world’s largest business software company and the world’s third-largest independent software provider overall. SAP has also developed the SAP NetWeaver platform, which allows our customers to achieve more value from their IT investments.”

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