SAP "buy"

21.03.07 - Dresdner Kleinwort Wasser.

LONDON, March 21 (newratings.com) - Analysts at Dresdner Kleinwort reiterate their "buy" rating on SAP AG (SAP). The target price is set to ?43.

In a research note published this morning, the analysts mention that Oracle has reported its F3Q07 results ahead of expectations. Oracle?s results indicate robust demand for enterprise applications, which bodes well for SAP's licence growth target of 15% for FY07, the analysts say.