Nomura Securities Maintains a 'Buy' on SAP AG (SAP); Updates from SAPPHIRE

Nomura Securities maintains a 'Buy' on SAP AG (NYSE: SAP) price target of EUR58.00.

Analyst, Rick Sherlund, said, "SAP has three new lines of business intended to broaden and strengthen its growth opportunities beyond the traditional ERP Business Suite: HANA real time and in memory database management system, mobile platform and apps, and the SaaS or cloud business. It almost seemed to us that SuccessFactors had acquired SAP at one point in his unveiling of his ambitious strategy to make SAP the most dominant SaaS vendor in the market by 2015. We expect SAP to focus on HANA at the company’s Wednesday keynote, discussing near-term growth drivers such as HANA on BW as well as new, real time ‘Extreme Applications’."

For an analyst ratings summary and ratings history on SAP AG click here. For more ratings news on SAP AG click here.

Shares of SAP AG closed at $60.79 yesterday.

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