Blurbs

Analysts Offer Insights on Technology Companies: SAP AG (SAP) and Snap (SNAP)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on SAP AG (SAPResearch Report) and Snap (SNAPResearch Report) with bullish sentiments.

SAP AG (SAP)

In a report released today, Patrick Walravens from JMP Securities maintained a Buy rating on SAP AG, with a price target of $170.00. The company’s shares closed last Thursday at $90.29, close to its 52-week low of $83.50.

According to TipRanks.com, Walravens is a 5-star analyst with an average return of 7.5% and a 49.4% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications, Qualtrics International, and ZoomInfo Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SAP AG with a $122.00 average price target.

See the top stocks recommended by analysts >>

Snap (SNAP)

In a report released today, Andrew Boone from JMP Securities maintained a Buy rating on Snap, with a price target of $24.00. The company’s shares closed last Thursday at $16.35, close to its 52-week low of $11.88.

According to TipRanks.com, Boone has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -23.1% and a 22.4% success rate. Boone covers the Technology sector, focusing on stocks such as DoubleVerify Holdings, Zillow Group Class A, and Fiverr International.

Snap has an analyst consensus of Moderate Buy, with a price target consensus of $22.36, which is a 43.9% upside from current levels. In a report issued on July 7, Evercore ISI also maintained a Buy rating on the stock with a $26.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on SAP:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos