JMP Securities analyst Patrick Walravens maintained a Buy rating on SAP AG (NYSE:SAP) on Wednesday, setting a price target of $170, which is approximately 25.81% above the present share price of $135.12.
Walravens expects SAP AG to post earnings per share (EPS) of $1.15 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in SAP AG, with an average price target of $167.67.
The analysts price targets range from a high of $170 to a low of $165.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $6.67 billion and a net profit of $991 million. The company's market cap is $159.38 billion.
According to TipRanks.com, JMP Securities analyst Patrick Walravens is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 29.2% and a 70.32% success rate.
Founded in 1972, Germany-based SAP SE (DE:SAPG), 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.