Nomura Securities Raises Numbers on SAP AG (SAP); HANA as an Enabling New Architecture

Nomura Securities maintains a 'Buy' on SAP AG (NYSE: SAP) price target raised from EUR52 to EUR58.

Analyst, Rick Sherlund, said, "We have spoken with HANA customers, consultants, and recently with SAP CTO Vishal Sikka about their experience with HANA and plans for the future. We think SAP’s ambitious plans to expand the market for HANA will open up new opportunities around operational reporting, business analytics, as a database platform under SAP’s ERP and SaaS based apps, and market expanding opportunities beyond SAP’s core business in real time apps. Feedback on HANA has been positive, and we are more confident in extrapolating even higher numbers, with HANA revenues of €500 mil vs €400 mil previously for 2012."

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 $67.66 yesterday.

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