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, "HANA takes center stage. Strategically SAP is building out the technical infrastructure to support a new generation of applications that have an orientation more toward the customer and customer interaction. SAP expects to have 40-50 applications for HANA by the end of 2013, with eight real-time applications announced at today’s conference. With HANA as the cornerstone for new real-time applications, it is clear that SAP is serious about expanding its strategic direction in the database market. We view the HANA initiatives as a strategic positive in repositioning the company for strategic growth."

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 $60.33 yesterday.

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