Shares of SAP SE contracted more than 5% intra-day on Wednesday and slipped to their 52-week in trade after a report from Boerse Online indicated that the company had missed its pipeline targets at quarter-end.
"We rate SAP SE (SAP) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover.
SAP SE (ADR) (NYSE:SAP) had a troublesome 2014 with its shares dropping significantly since the beginning of this year. SAP has started to move aggressively for M&A's to compete against the other strong competitors in cloud space.