SAP (SAP) Stock Forecast & Price Target

$173.21 +0.82 (+0.48%)

Closing price 03:59 PM Eastern

Extended Trading

$173.15 -0.06 (-0.03%)

As of 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, 12 have given a buy rating, and 2 have given a strong buy rating for SAP.

Consensus Price Target

$288.00
66.27% Upside

According to the 21 analysts' twelve-month price targets for SAP, the average price target is $288.00. The highest price target for SAP is $375.00, while the lowest price target for SAP is $200.00. The average price target represents a forecasted upside of 66.27% from the current price of $173.21.

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 5/6/25 to 5/6/26	1 Month Ago 4/6/25 to 4/6/26	3 Months Ago 2/5/25 to 2/5/26	1 Year Ago 5/6/24 to 5/6/25
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	3 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)	9 Buy rating(s)
Hold	7 Hold rating(s)	8 Hold rating(s)	5 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$288.00	$305.75	$305.75	$264.00
Forecasted Upside	66.27% Upside	78.69% Upside	54.89% Upside	-11.35% Downside
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	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.76	2.30	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	66.27% Upside	180.33% Upside	14.01% Upside
News Sentiment Rating	Neutral News See Recent SAP News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
4/27/2026	Barclays 3 of 5 stars	Raimo Lenschow 3 of 5 stars	Boost Target	Overweight	$256.00 ➝ $257.00	+46.78%
4/24/2026	Santander 4 of 5 stars		Upgrade	Neutral ➝ Outperform
4/24/2026	BMO Capital Markets 4 of 5 stars	Keith Bachman 1 of 5 stars	Lower Target	Outperform	$210.00 ➝ $200.00	+22.54%
4/22/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy
4/16/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
4/14/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Overweight ➝ Neutral
3/24/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Toby Ogg Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Overweight ➝ Neutral
3/16/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy (B-) ➝ Hold (C+)
3/5/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
1/30/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
Get the Latest News and Ratings for SAP and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for SAP and its competitors with MarketBeat's FREE daily newsletter.
1/30/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
1/30/2026	Citizens Jmp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
12/11/2025	Arete Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong-Buy
10/31/2025	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Overweight
10/27/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
10/24/2025	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph Bonner Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$320.00	+17.83%
10/23/2025	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Overweight
9/24/2025	Oddo Bhf Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
8/14/2025	Erste Group Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
5/30/2025	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	M. Briest Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Strong-Buy
5/20/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Turrin Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Overweight
1/30/2025	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Irene Nattel Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$38.00 ➝ $38.00	-86.39%
1/15/2025	Kepler Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy
5/23/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Outperform	$227.00	+16.37%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:38 AM 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 Saturday, May 2, 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 has recently increased its annual dividend, which is a positive indicator for income-focused investors. The new dividend is significantly higher than the previous amount, reflecting the company's commitment to returning value to shareholders.
The current stock price is around $170, which may present a buying opportunity for investors looking for potential growth, especially considering the company's strong market position in enterprise software.
Analysts have a consensus rating of "Moderate Buy" for SAP SE, indicating that many believe the stock has potential for appreciation in value, supported by a consensus price target that suggests significant upside.
SAP SE reported strong earnings recently, with earnings per share exceeding analysts' expectations, showcasing the company's robust financial health and operational efficiency.
The company has a solid return on equity, which indicates effective management and profitability, making it an attractive option for investors seeking stable returns.

SAP
Bear Case

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

Recent downgrades from several analysts, including a shift from "buy" to "hold," may signal concerns about the stock's short-term performance and could lead to increased volatility.
The stock has experienced fluctuations, with a 12-month high significantly above the current price, suggesting that it may be under pressure to regain previous highs.
Despite a strong market cap, the company's debt-to-equity ratio indicates a relatively low level of debt, which could limit its ability to leverage growth opportunities compared to competitors with higher leverage.
Market conditions and economic uncertainties could impact SAP SE's growth prospects, particularly in the enterprise software sector, which is highly competitive and subject to rapid technological changes.
Analysts predict a modest earnings growth rate for the current year, which may not meet the expectations of investors looking for aggressive growth in their portfolios.

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 $288.00, with a high forecast of $375.00 and a low forecast of $200.00.
: 21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SAP in the last twelve months. There are currently 7 hold ratings, 12 buy ratings and 2 strong buy ratings 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 66.27% based on their 12-month stock forecasts.
: Over the previous 90 days, SAP's stock had 4 downgrades and 3 upgrades by analysts.
: SAP has been rated by research analysts at Barclays, BMO Capital Markets, HSBC, JPMorgan Chase & Co., Piper Sandler, Santander, TD Cowen, Weiss Ratings, and Zacks Research in the past 90 days.
: Analysts like SAP more than other "computer and technology" companies. The consensus rating for SAP is Moderate Buy while the average consensus rating for "computer and technology" companies is Hold. Learn more on how SAP compares to other companies.

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This page (NYSE:SAP) was last updated on 5/6/2026 by MarketBeat.com Staff.

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SAP (SAP) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

SAP Analyst Ratings Over Time

SAP Analyst Recommendations By Month

SAP Price Targets by Month

SAP Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy SAP Stock? SAP Pros and Cons Explained

SAP
Bull Case

SAP
Bear Case

SAP Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With SAP Recommendations

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

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Terms & Info

SAP (SAP) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

SAP Analyst Ratings Over Time

SAP Analyst Recommendations By Month

SAP Price Targets by Month

SAP Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy SAP Stock? SAP Pros and Cons Explained

SAP Bull Case

SAP Bear Case

SAP Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With SAP Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

SAP
Bull Case

SAP
Bear Case