SAP Forecast, price target & analysts
SAP Target price 2025 - Analyst rating & recommendation
SAP Classifications & Recommendation:
SAP Price Target
| Target Price | €276.44 |
| Price | €267.35 |
| Potential | 3.40% |
| Number of Estimates | 27 |
| 27 Analysts have issued a price target SAP 2026 . The average SAP target price is €276.44. This is 3.40% higher than the current stock price. The highest price target is €320.00 19.69% , the lowest is €158.00 40.90% . | |
| A rating was issued by 32 analysts: 24 Analysts recommend SAP to buy, 5 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 3.40% . 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 €37.6b . This is 7.11% higher than the revenue of the last 12 months(TTM). The highest sales forecast is €38.6b 9.83% , the lowest is €37.0b 5.39% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | €34.2b | 9.51% |
|---|---|---|
| 2025 | €37.6b | 10.16% |
| 2026 | €42.1b | 11.89% |
| 2027 | €47.6b | 12.90% |
| 2028 | €54.2b | 13.92% |
| 2029 | €60.6b | 11.76% |
22 Analysts have issued an SAP EBITDA forecast 2025. The average SAP EBITDA estimate is €11.6b . This is 10.81% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is €12.6b 20.24% , the lowest is €9.9b 5.64% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | €9.5b | 19.76% |
|---|---|---|
| 2025 | €11.6b | 22.00% |
| 2026 | €13.6b | 16.65% |
| 2027 | €15.7b | 15.80% |
| 2028 | €19.1b | 21.44% |
| 2029 | €20.9b | 9.83% |
EBITDA Margin
| 2024 | 27.88% | 9.35% |
|---|---|---|
| 2025 | 30.88% | 10.75% |
| 2026 | 32.19% | 4.24% |
| 2027 | 33.02% | 2.58% |
| 2028 | 35.20% | 6.60% |
| 2029 | 34.59% | 1.73% |
19 SAP Analysts have issued a net profit forecast 2025. The average SAP net profit estimate is €6.9b . This is 20.07% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is €7.6b 33.20% , the lowest is €5.8b 1.63% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | €3.1b | 21.27% |
|---|---|---|
| 2025 | €6.9b | 119.97% |
| 2026 | €8.1b | 17.52% |
| 2027 | €9.8b | 21.80% |
| 2028 | €11.9b | 20.49% |
| 2029 | €15.0b | 26.27% |
Net Margin
| 2024 | 9.15% | 10.73% |
|---|---|---|
| 2025 | 18.27% | 99.71% |
| 2026 | 19.19% | 5.04% |
| 2027 | 20.70% | 7.87% |
| 2028 | 21.89% | 5.75% |
| 2029 | 24.74% | 13.02% |
Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2029
19 Analysts have issued a SAP forecast for earnings per share. The average SAP EPS is €5.90 . This is 20.16% higher than earnings per share in the financial year 2024. The highest EPS forecast is €6.54 33.20% , the lowest is €4.99 1.63% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | €2.68 | 21.27% |
|---|---|---|
| 2025 | €5.90 | 120.15% |
| 2026 | €6.93 | 17.46% |
| 2027 | €8.44 | 21.79% |
| 2028 | €10.17 | 20.50% |
| 2029 | €12.84 | 26.25% |
P/E ratio
| Current | 54.19 | 49.60% |
|---|---|---|
| 2025 | 45.17 | 16.65% |
| 2026 | 38.44 | 14.90% |
| 2027 | 31.56 | 17.90% |
| 2028 | 26.19 | 17.02% |
| 2029 | 20.74 | 20.81% |
Based on analysts' sales estimates for 2025, the SAP stock is valued at an EV/Sales of 8.19 and an P/S ratio of 8.25 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 8.77 | 39.87% |
|---|---|---|
| 2025 | 8.19 | 6.67% |
| 2026 | 7.32 | 10.63% |
| 2027 | 6.48 | 11.42% |
| 2028 | 5.69 | 12.22% |
| 2029 | 5.09 | 10.52% |
P/S ratio
| Current | 8.84 | 38.42% |
|---|---|---|
| 2025 | 8.25 | 6.64% |
| 2026 | 7.37 | 10.63% |
| 2027 | 6.53 | 11.42% |
| 2028 | 5.73 | 12.22% |
| 2029 | 5.13 | 10.52% |
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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