SAP "buy"

21.04.06 - Dresdner Kleinwort Wasser.

LONDON, April 21 (newratings.com) - Analysts at Dresdner Kleinwort Wasserstein maintain their "buy" rating on SAP AG (SAP-EUR). The target price is set to ?210.

In a research note published yesterday, the analysts mention that the company has posted its Q1 revenues ahead of the estimates and the consensus. SAP has posted its quarterly license growth ahead of the estimates and the consensus, and the analysts expect the company?s license growth momentum to continue during the medium term.