Barclays (LON:BARC) analyst Raimo Lenschow maintained a Buy rating on SAP AG (NYSE:SAP) on Tuesday, setting a price target of $158, which is approximately 37.99% above the present share price of $114.5.
Lenschow expects SAP AG to post earnings per share (EPS) of $0.73 for the fourth quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in SAP AG, with an average price target of $140.62.
The analysts price targets range from a high of $176 to a low of $120.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $6.74 billion and a net profit of $1.28 billion. The company's market cap is $178.67 billion.
According to TipRanks.com, Barclays analyst Raimo Lenschow is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.1% and a 72.62% success rate.
SAP SE (DE:SAPG) engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Services; Intelligent Spend Group; and Qualtrics. The Applications, Technology, and Services segment includes software licenses, cloud subscriptions, and related services. The Intelligent Spend Group segment comprises cloud-based collaborative business networks, subscriptions to the cloud offering, and related professional and educational services. The Qualtrics segment sells experience management cloud solutions. The company was founded by Hasso Plattner, Klaus Tschira, Claus Wellenreuther, Dietmar Hopp, and Hans-Werner Hector in 1972 and is headquartered in Walldorf, Germany.