SAP Forecast, price target & analysts
SAP Target price 2025 - Analyst rating & recommendation
SAP Classifications & Recommendation:
SAP Price Target
| Target Price | €283.93 |
| Price | €252.50 |
| Potential | 12.45% |
| Number of Estimates | 27 |
| 27 Analysts have issued a price target SAP 2026 . The average SAP target price is €283.93. This is 12.45% higher than the current stock price. The highest price target is €350.00 38.61% , the lowest is €158.00 37.43% . | |
| 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 12.45% . Most analysts recommend the SAP stock at Purchase. |
Sales and Margin forecast 2025, 2026 to 2029
31 Analysts have issued a sales forecast SAP 2025 . The average SAP sales estimate is €37.6b . This is 7.01% higher than the revenue of the last 12 months(TTM). The highest sales forecast is €38.6b 9.83% , the lowest is €37.0b 5.28% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | €34.2b | 9.51% |
|---|---|---|
| 2025 | €37.6b | 10.05% |
| 2026 | €42.1b | 11.82% |
| 2027 | €47.5b | 13.04% |
| 2028 | €54.4b | 14.35% |
| 2029 | €61.2b | 12.56% |
22 Analysts have issued an SAP EBITDA forecast 2025. The average SAP EBITDA estimate is €11.5b . This is 10.72% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is €12.6b 21.40% , the lowest is €9.9b 4.73% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | €9.4b | 19.78% |
|---|---|---|
| 2025 | €11.5b | 21.98% |
| 2026 | €13.4b | 16.70% |
| 2027 | €15.6b | 16.41% |
| 2028 | €19.1b | 22.02% |
| 2029 | €20.9b | 9.83% |
EBITDA Margin
| 2024 | 27.60% | 9.38% |
|---|---|---|
| 2025 | 30.59% | 10.83% |
| 2026 | 31.92% | 4.35% |
| 2027 | 32.88% | 3.01% |
| 2028 | 35.08% | 6.69% |
| 2029 | 34.23% | 2.42% |
21 SAP Analysts have issued a net profit forecast 2025. The average SAP net profit estimate is €6.9b . This is 20.11% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is €7.6b 33.10% , the lowest is €5.8b 1.56% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | €3.1b | 49.11% |
|---|---|---|
| 2025 | €6.9b | 120.38% |
| 2026 | €8.1b | 17.53% |
| 2027 | €9.9b | 22.09% |
| 2028 | €11.9b | 20.06% |
| 2029 | €15.0b | 26.27% |
Net Margin
| 2024 | 9.14% | 53.53% |
|---|---|---|
| 2025 | 18.30% | 100.20% |
| 2026 | 19.24% | 5.14% |
| 2027 | 20.78% | 8.00% |
| 2028 | 21.82% | 5.00% |
| 2029 | 24.47% | 12.14% |
Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2029
21 Analysts have issued a SAP forecast for earnings per share. The average SAP EPS is €5.90 . This is 21.15% higher than earnings per share in the financial year 2024. The highest EPS forecast is €6.54 34.29% , the lowest is €4.99 2.46% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | €2.65 | 49.04% |
|---|---|---|
| 2025 | €5.90 | 122.64% |
| 2026 | €6.94 | 17.63% |
| 2027 | €8.47 | 22.05% |
| 2028 | €10.17 | 20.07% |
| 2029 | €12.84 | 26.25% |
P/E ratio
| Current | 51.85 | 20.56% |
|---|---|---|
| 2025 | 42.78 | 17.49% |
| 2026 | 36.40 | 14.91% |
| 2027 | 29.82 | 18.08% |
| 2028 | 24.83 | 16.73% |
| 2029 | 19.67 | 20.78% |
Based on analysts' sales estimates for 2025, the SAP stock is valued at an EV/Sales of 7.83 and an P/S ratio of 7.91 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 8.38 | 21.98% |
|---|---|---|
| 2025 | 7.83 | 6.51% |
| 2026 | 7.01 | 10.57% |
| 2027 | 6.20 | 11.53% |
| 2028 | 5.42 | 12.55% |
| 2029 | 4.82 | 11.16% |
P/S ratio
| Current | 8.47 | 21.05% |
|---|---|---|
| 2025 | 7.91 | 6.55% |
| 2026 | 7.07 | 10.57% |
| 2027 | 6.26 | 11.53% |
| 2028 | 5.47 | 12.55% |
| 2029 | 4.86 | 11.16% |
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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