New Buy Rating for SAP AG (SAP), the Technology Giant

Barclays analyst James Goodman maintained a Buy rating on SAP AG (SAPResearch Report) on January 27. The company’s shares closed last Friday at $113.21.

According to TipRanks, Goodman is a 3-star analyst with an average return of 3.8% and a 49.43% success rate. Goodman covers the Technology sector, focusing on stocks such as Adyen, SAP AG, and Temenos.

In addition to Barclays, SAP AG also received a Buy from JMP Securities’s Patrick Walravens in a report issued on January 27. However, on January 26, Oppenheimer maintained a Hold rating on SAP AG (NYSE: SAP).

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Based on SAP AG’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $7.84 billion and a net profit of $669 million. In comparison, last year the company earned a revenue of $6.85 billion and had a net profit of $1.41 billion

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Founded in 1972, Germany-based SAP SE, 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.

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