uploads///analysts recommendations

The Word on the Street: What Analysts Are Recommending for SAP’s Stock


Jul. 18 2016, Updated 12:05 p.m. ET

Wall Street analyst views on SAP

Previously in this series, we discussed analyst expectations for SAP’s (SAP) soon-to-be-announced fiscal 2Q16 results. In the application software space, apart from SAP, Adobe (ADBE), Salesforce (CRM), Workday (WDAY), and Splunk (SPLK) are prominent players. Let’s take a look at select market-centric views and metrics from SAP.

Of the 14 analyst recommendations for SAP stock, there is only one “sell” recommendation. As we can see in the chart below, analyst recommendations on the stock were mostly “buys,” representing approximately 64% as of July 12, 2016. The remainder were “hold” recommendations.

Article continues below advertisement

Price performance and analyst target prices

SAP’s stock price movement during the past month has been negative. As of July 11, the company’s stock fell by ~2.4%. However, in the past year, the company’s stock price has risen by ~6%.

The Wall Street consensus target price for SAP was $87.32 per share as of July 12, 2016. SAP’s closing price was $78.31 on July 12, 2016.

In mid-June 2016, Jeffries downgraded SAP’s stock from “hold” to “underperform.” Industry analysts feel that the company’s suggestion of not letting S4 run on its peer company’s platform is a concern. Raising this issue of S4 HANA migration, Jeffries pointed out that “S4 upgrades require database migration, which is a big alongside the usual trials and tribulations of ERP platform upgrades.”


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.