UBS Maintains a 'Buy' on SAP AG (SAP); Big Deals for a Big Quarter
Tweet Send to a FriendGet Alerts SAP Hot Sheet
Price: $76.36 --0%
Rating Summary:
10 Buy, 9 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 8 | New: 17
Rating Summary:
10 Buy, 9 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 8 | New: 17
Trade SAP Now!
UBS maintains a 'Buy' on SAP AG (NYSE: SAP) price target of $63.75.
Analyst, Michael Briest, takes note of some big deal for the upcoming 'big quarter'. Some of the recent deals announces by SAP include: 1) Acquisition of Ariba (Nasdaq: ARBA) for $45/share; 2) Expanding collaboration with Red Hat (NYSE: RHT) for Virtualization projects; 3) Acquisition of Syclo (in April); 4) Rumored takeover of MobileIron; and of course 5) bickering and bantering with Oracle's (Nasdaq: ORCL) Larry Ellison, which picked up steam recently.
NOTE - SAP and ARBA shares have dropped significantly over the past few session on news the DoJ issued a second request for information regarding their pending merger/acquisition.
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 $58.82 yesterday, with a 52 week range of $47.39-$72.52.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Michael Briest, takes note of some big deal for the upcoming 'big quarter'. Some of the recent deals announces by SAP include: 1) Acquisition of Ariba (Nasdaq: ARBA) for $45/share; 2) Expanding collaboration with Red Hat (NYSE: RHT) for Virtualization projects; 3) Acquisition of Syclo (in April); 4) Rumored takeover of MobileIron; and of course 5) bickering and bantering with Oracle's (Nasdaq: ORCL) Larry Ellison, which picked up steam recently.
NOTE - SAP and ARBA shares have dropped significantly over the past few session on news the DoJ issued a second request for information regarding their pending merger/acquisition.
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 $58.82 yesterday, with a 52 week range of $47.39-$72.52.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Viropharma, Inc. (VPHM) Said to Attract Acquisition Interest - Reuters
- UPDATE: Raymond James Downgrades Gevo, Inc. (GEVO) to Market Perform
- UPDATE: Bernstein Cuts BlackBerry (BBRY) to Underperform; Notes Weak BB10 Traction
Create E-mail Alert Related Categories
Analyst Comments, Mergers and AcquisitionsRelated Entities
UBS, Larry Ellison
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
