SAP (SAP) Stock Forecast & Price Target

Q: What analysts cover SAP?

SAP has been rated by research analysts at Argus , Barclays , BMO Capital Markets , Citigroup , Jefferies Financial Group , Morgan Stanley , Oppenheimer , TD Cowen , UBS Group , Weiss Ratings , and Wells Fargo & Company in the past 90 days.

$224.18 -0.82 (-0.36%)

Closing price 10/16/2026 03:59 PM Eastern

Extended Trading

$219.25 -4.93 (-2.20%)

As of 10/16/2026 07:59 PM Eastern

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SAP - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 21 Analyst Ratings

Sell
0

Hold
7

Buy
14

Based on 21 Wall Street analysts who have issued ratings for SAP in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 21 analysts, 7 have given a hold rating, 13 have given a buy rating, and 1 has given a strong buy rating for SAP.

Consensus Price Target

$264.71
18.08% Upside

According to the 21 analysts' twelve-month price targets for SAP, the average price target is $264.71. The highest price target for SAP is $375.00, while the lowest price target for SAP is $210.00. The average price target represents a forecasted upside of 18.08% from the current price of $224.18.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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SAP Analyst Ratings Over Time

Type	Current Forecast 10/18/25 to 10/18/26	1 Month Ago 9/18/25 to 9/18/26	3 Months Ago 7/20/25 to 7/20/26	1 Year Ago 10/18/24 to 10/18/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	13 Buy rating(s)	13 Buy rating(s)	12 Buy rating(s)	13 Buy rating(s)
Hold	7 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$264.71	$255.67	$271.17	$281.67
Forecasted Upside	18.08% Upside	22.04% Upside	70.94% Upside	3.24% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

SAP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SAP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

SAP Stock vs. The Competition

Type	SAP	Technology Companies	Broader Market
Consensus Rating Score	2.71	2.23	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	18.08% Upside	731.83% Upside	18.02% Upside
News Sentiment Rating	Neutral News See Recent SAP News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/15/2026	TD Cowen 3 of 5 stars	Derrick Wood 1 of 5 stars	Reiterated Rating	Buy
10/13/2026	Barclays 3 of 5 stars	Raimo Lenschow 3 of 5 stars	Boost Target	Overweight	$242.00 ➝ $243.00	+11.44%
10/8/2026	Weiss Ratings 3 of 5 stars		Upgrade	Hold (C) ➝ Hold (C+)
10/8/2026	BMO Capital Markets Subscribe to MarketBeat All Access to unlock brokerage rankings	Keith Bachman Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$177.00 ➝ $235.00	+11.33%
9/22/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy	$260.00	+23.34%
9/22/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy
9/10/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings	Joseph Bonner Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target		$265.00	+28.23%
8/26/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Michael Briest Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Buy ➝ Neutral
8/21/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Overweight
8/12/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Overweight
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7/24/2026	Oppenheimer Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Market Perform
6/10/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy	$265.00	+48.07%
4/24/2026	Santander Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Neutral ➝ Outperform
4/22/2026	HSBC Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Buy
4/14/2026	Piper Sandler Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Overweight ➝ Neutral
3/24/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Toby Ogg Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Overweight ➝ Neutral
3/5/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Strong-Buy ➝ Hold
1/30/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy
1/30/2026	Citizens Jmp Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Outperform ➝ Market Perform
12/11/2025	Arete Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Strong-Buy
10/23/2025	KeyCorp Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Overweight
9/24/2025	Oddo Bhf Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Neutral ➝ Outperform
8/14/2025	Erste Group Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy ➝ Hold
1/30/2025	Royal Bank Of Canada Subscribe to MarketBeat All Access to unlock brokerage rankings	Irene Nattel Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Outperform	$38.00 ➝ $38.00	-86.39%
1/15/2025	Kepler Capital Markets Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 03:58 PM ET.

Should I Buy SAP Stock? SAP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, October 16, 2026. Please send any questions or comments about these SAP pros and cons to contact@marketbeat.com.

SAP
Bull Case

Here are some ways that investors could benefit from investing in SAP SE:

SAP SE is currently trading at $224.18, which is significantly below the average analyst price target of $264.57, suggesting substantial upside potential for investors who believe the market is undervaluing the company's long-term growth prospects.
The company demonstrated strong operational resilience in its most recent reported quarter, achieving revenue of $11.27 billion with a year-over-year growth rate of 9.4%, indicating that its core enterprise software business continues to expand despite broader market volatility.
Short interest in SAP SE has decreased significantly, dropping to 4,079,138 shares as of the September 30, 2026 record date, which is a reduction from over 11 million shares in mid-2026, signaling that bearish traders are exiting their positions and reducing the potential for a short squeeze.
Wall Street maintains a "Moderate Buy" consensus rating for the stock, with analysts like Jefferies Financial Group issuing a $260.00 price objective and Citigroup restating a "buy" rating, reflecting institutional confidence in the company's strategic direction and financial health.
SAP SE offers a dividend yield of 0.97%, providing a modest income stream for investors while the company maintains a healthy balance sheet with a debt-to-equity ratio of 0.19, which indicates low leverage and financial stability.

SAP
Bear Case

Investors should be bearish about investing in SAP SE for these reasons:

The stock is trading at a price-to-earnings ratio of 28.16, which is relatively high compared to many traditional software peers, and the company recently missed its earnings per share estimate in the July 2026 quarter, reporting $1.82 against a consensus of $2.00, which may raise concerns about profitability margins.
Analysts at Erste Group Bank recently lowered their full-year 2026 earnings per share estimates for SAP SE to $7.92, down from a previous forecast of $8.10, suggesting that some institutional investors are becoming more cautious about the company's near-term earnings power.
Recent news highlights competitive pressure and criticism from rivals, such as Workday's CEO labeling SAP as an AI "dinosaur," which could indicate that SAP is perceived as lagging in the rapidly evolving artificial intelligence market, potentially impacting its ability to capture new market share.
SAP SE has faced security challenges, including the disclosure of a critical CVSS 10 flaw in its Cloud SDK for Python that allowed OAuth2 credential theft, which could erode customer trust and lead to increased costs for security remediation and potential regulatory scrutiny.
The company's stock has experienced significant volatility, hitting a 52-week low of $144.97 in mid-2026 before rebounding, and it currently trades well below its 52-week high of $281.36, indicating that the stock is still in a recovery phase and may be subject to further downside risk if market sentiment shifts.

SAP Forecast - Frequently Asked Questions

According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for SAP is $264.71, with a high forecast of $375.00 and a low forecast of $210.00.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SAP in the last twelve months. There are currently 7 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SAP shares.

According to analysts, SAP's stock has a predicted upside of 18.08% based on their 12-month stock forecasts.

Over the previous 90 days, SAP's stock had 2 upgrades and 2 downgrades by analysts.

SAP has been rated by research analysts at Argus, Barclays, BMO Capital Markets, Citigroup, Jefferies Financial Group, Morgan Stanley, Oppenheimer, TD Cowen, UBS Group, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like SAP more than other "technology" companies. The consensus rating for SAP is Moderate Buy while the average consensus rating for "technology" companies is Hold. Learn more on how SAP compares to other companies.

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MarketBeat monitors more than a dozen sources for SAP analyst ratings, with the most recent rating issued on 10/15/2026.

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SAP (SAP) Stock Forecast & Price Target