Nomura Securities Maintains a 'Buy' on SAP AG (SAP); Updating HANA Strategy

Nomura Securities maintains a 'Buy' on SAP AG (NYSE: SAP) price target of $58.00.

Analyst, Rick Sherlund, said, "SAP outlined plans for HANA yesterday that expand the market opportunity for this disruptive new technology. The announcements were directionally in line with our expectations. SAP announced that HANA for the SAP Business Warehouse was released to general availability, in some cases replacing Oracle (Nasdaq: ORCL). We estimate that SAP can get to double-digit license revenue growth this year entirely from the success of HANA, so this is a key product, and we are at the higher end of Street estimates at €500mn for HANA this year."

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 $64.57 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Nomura/Instinet Downgrades Indraprastha Gas Ltd. (IGL:IN) to Neutral
• RBC Capital Upgrades CAE Inc. (CAE:CN) (CAE) to Outperform
• Piper Sandler Starts Dave Inc (DAVE) at Overweight