Analysts Conflicted on These Technology Names: SAP AG (NYSE: SAP) and Match Group Inc (NASDAQ: MTCH)

By Jason Carr

Analysts have been eager to weigh in on the Technology sector with new ratings on SAP AG (NYSE: SAP) and Match Group Inc (NASDAQ: MTCH).

SAP AG (NYSE: SAP)

BMO Capital analyst Keith Bachman reiterated a Hold rating on SAP AG (NYSE: SAP) yesterday and set a price target of $110. The company’s shares closed yesterday at $112.65, close to its 52-week high of $113.03.

According to TipRanks.com, Bachman is a 5-star analyst with an average return of 13.6% and a 68.3% success rate. Bachman covers the Technology sector, focusing on stocks such as DXC Technology Company, Computer Sciences, and Infosys Limited.

SAP AG has an analyst consensus of Moderate Buy, with a price target consensus of $97.80.

Match Group Inc (NASDAQ: MTCH)

BMO Capital analyst Daniel Salmon reiterated a Buy rating on Match Group Inc (NASDAQ: MTCH) today and set a price target of $30. The company’s shares closed yesterday at $25.74, close to its 52-week high of $26.24.

According to TipRanks.com, Salmon is a 5-star analyst with an average return of 13.3% and a 67.8% success rate. Salmon covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Publicis Groupe SA, and Factset Research.

Currently, the analyst consensus on Match Group Inc is Strong Buy and the average price target is $26.17, representing a 1.7% upside.

In a report issued on October 3, Piper Jaffray also reiterated a Buy rating on the stock with a $28 price target.

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