Analyst Price Target Update on SAP SE (NYSE:SAP)

SAP SE (NYSE:SAP): 7 analysts have set the short term price target of SAP SE (NYSE:SAP) at $87.84. The standard deviation of short term price target has been estimated at $10.87, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 108 and $78 respectively.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Evercore ISI Group downgrades its ratings on SAP SE (NYSE:SAP). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 1, 2016. For the current week, the company shares have a recommendation consensus of Buy.

SAP SE (NYSE:SAP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.65 points or 2.1% at $76.79 with 1,493,835 shares getting traded. Post opening the session at $76.73, the shares hit an intraday low of $76.69 and an intraday high of $77.43 and the price was in this range throughout the day. The company has a market cap of $94,337 million and the number of outstanding shares have been calculated to be 1,228,504,230 shares. The 52-week high of SAP SE (NYSE:SAP) is $82.19 and the 52-week low is $62.57.

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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