SAP Forecast, price target & analysts
SAP Target price 2025 - Analyst rating & recommendation
SAP Classifications & Recommendation:
SAP Price Target
| Target Price | €277.93 |
| Price | €224.80 |
| Potential | 23.63% |
| Number of Estimates | 27 |
| 27 Analysts have issued a price target SAP 2026 . The average SAP target price is €277.93. This is 23.63% higher than the current stock price. The highest price target is €320.00 42.35% , the lowest is €158.00 29.72% . | |
| A rating was issued by 33 analysts: 24 Analysts recommend SAP to buy, 6 to hold and 3 to sell. | |
| Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis. | |
| Analyst Estimates: Analysts believe that the SAP stock has an average upside potential 2026 of 23.63% . Most analysts recommend the SAP stock at Purchase. |
Sales and Margin forecast 2025, 2026 to 2029
30 Analysts have issued a sales forecast SAP 2025 . The average SAP sales estimate is €38.2b . This is 11.82% higher than the revenue of the last 12 months(TTM). The highest sales forecast is €38.9b 13.93% , the lowest is €37.3b 9.13% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | €34.2b | 9.51% |
|---|---|---|
| 2025 | €38.2b | 11.82% |
| 2026 | €42.9b | 12.34% |
| 2027 | €48.5b | 12.97% |
| 2028 | €54.2b | 11.83% |
| 2029 | €60.8b | 12.05% |
21 Analysts have issued an SAP EBITDA forecast 2025. The average SAP EBITDA estimate is €11.7b . This is 22.31% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is €12.6b 32.35% , the lowest is €9.5b 0.16% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | €9.5b | 19.76% |
|---|---|---|
| 2025 | €11.7b | 22.35% |
| 2026 | €13.7b | 17.25% |
| 2027 | €15.9b | 16.31% |
| 2028 | €18.8b | 18.52% |
| 2029 | €21.2b | 12.30% |
EBITDA Margin
| 2024 | 27.88% | 9.35% |
|---|---|---|
| 2025 | 30.51% | 9.42% |
| 2026 | 31.84% | 4.36% |
| 2027 | 32.78% | 2.95% |
| 2028 | 34.74% | 5.98% |
| 2029 | 34.82% | 0.23% |
18 SAP Analysts have issued a net profit forecast 2025. The average SAP net profit estimate is €6.7b . This is 114.49% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is €7.6b 144.03% , the lowest is €5.4b 71.64% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | €3.1b | 21.27% |
|---|---|---|
| 2025 | €6.7b | 114.49% |
| 2026 | €8.1b | 21.09% |
| 2027 | €9.9b | 21.62% |
| 2028 | €11.9b | 20.26% |
| 2029 | €14.0b | 18.15% |
Net Margin
| 2024 | 9.15% | 10.73% |
|---|---|---|
| 2025 | 17.55% | 91.84% |
| 2026 | 18.91% | 7.75% |
| 2027 | 20.36% | 7.67% |
| 2028 | 21.90% | 7.56% |
| 2029 | 23.09% | 5.43% |
Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2029
18 Analysts have issued a SAP forecast for earnings per share. The average SAP EPS is €5.75 . This is 114.55% higher than earnings per share in the financial year 2024. The highest EPS forecast is €6.54 144.03% , the lowest is €4.60 71.64% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | €2.68 | 21.27% |
|---|---|---|
| 2025 | €5.75 | 114.55% |
| 2026 | €6.96 | 21.04% |
| 2027 | €8.47 | 21.70% |
| 2028 | €10.18 | 20.19% |
| 2029 | €12.03 | 18.17% |
P/E ratio
| Current | 83.90 | 29.48% |
|---|---|---|
| 2025 | 39.11 | 53.38% |
| 2026 | 32.30 | 17.41% |
| 2027 | 26.56 | 17.77% |
| 2028 | 22.08 | 16.87% |
| 2029 | 18.69 | 15.35% |
Based on analysts' sales estimates for 2025, the SAP stock is valued at an EV/Sales of 6.86 and an P/S ratio of 6.86 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 7.67 | 16.92% |
|---|---|---|
| 2025 | 6.86 | 10.55% |
| 2026 | 6.11 | 10.98% |
| 2027 | 5.41 | 11.48% |
| 2028 | 4.83 | 10.58% |
| 2029 | 4.31 | 10.75% |
P/S ratio
| Current | 7.67 | 15.63% |
|---|---|---|
| 2025 | 6.86 | 10.57% |
| 2026 | 6.11 | 10.98% |
| 2027 | 5.41 | 11.48% |
| 2028 | 4.84 | 10.58% |
| 2029 | 4.32 | 10.75% |
Current SAP Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED |
Outperform
➜
Outperform
|
Unchanged | Apr 02 2025 |
| JEFFERIES |
Buy
➜
Buy
|
Unchanged | Apr 02 2025 |
| BERENBERG |
Buy
➜
Buy
|
Unchanged | Mar 31 2025 |
| HSBC |
Buy
➜
Hold
|
Downgrade | Mar 23 2025 |
| REDBURN ATLANTIC |
Buy
➜
Buy
|
Unchanged | Mar 21 2025 |
| TD COWEN |
Hold
➜
Buy
|
Upgrade | Mar 13 2025 |
| STIFEL EUROPE |
Buy
➜
Buy
|
Unchanged | Mar 10 2025 |
| Analyst Rating | Date |
|---|---|
|
Unchanged
CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED:
Outperform
➜
Outperform
|
Apr 02 2025 |
|
Unchanged
JEFFERIES:
Buy
➜
Buy
|
Apr 02 2025 |
|
Unchanged
BERENBERG:
Buy
➜
Buy
|
Mar 31 2025 |
|
Downgrade
HSBC:
Buy
➜
Hold
|
Mar 23 2025 |
|
Unchanged
REDBURN ATLANTIC:
Buy
➜
Buy
|
Mar 21 2025 |
|
Upgrade
TD COWEN:
Hold
➜
Buy
|
Mar 13 2025 |
|
Unchanged
STIFEL EUROPE:
Buy
➜
Buy
|
Mar 10 2025 |
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