SAP Forecast, price target & analysts
SAP Target price 2025 - Analyst rating & recommendation
SAP Classifications & Recommendation:
SAP Price Target
| Target Price | €300.39 |
| Price | €214.65 |
| Potential | 39.94% |
| Number of Estimates | 33 |
| 33 Analysts have issued a price target SAP 2026 . The average SAP target price is €300.39. This is 39.94% higher than the current stock price. The highest price target is €416.44 94.01% , the lowest is €193.92 9.66% . | |
| A rating was issued by 37 analysts: 29 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 39.94% . Most analysts recommend the SAP stock at Purchase. |
Sales and Margin forecast 2025, 2026 to 2032
33 Analysts have issued a sales forecast SAP 2025 . The average SAP sales estimate is €37.6b . This is 4.90% higher than the revenue of the last 12 months(TTM). The highest sales forecast is €40.5b 12.95% , the lowest is €35.9b 0.10% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | €34.2b | 9.51% |
|---|---|---|
| 2025 | €37.6b | 10.16% |
| 2026 | €41.9b | 11.40% |
| 2027 | €47.5b | 13.16% |
| 2028 | €55.5b | 17.01% |
| 2029 | €62.1b | 11.85% |
| 2030 | €71.8b | 15.53% |
| 2031 | €79.2b | 10.36% |
| 2032 | €87.0b | 9.90% |
25 Analysts have issued an SAP EBITDA forecast 2025. The average SAP EBITDA estimate is €11.9b . This is 7.55% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is €14.3b 29.32% , the lowest is €10.7b 3.01% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | €9.4b | 19.78% |
|---|---|---|
| 2025 | €11.9b | 25.73% |
| 2026 | €13.7b | 15.38% |
| 2027 | €15.9b | 16.15% |
| 2028 | €17.3b | 8.53% |
| 2029 | €19.7b | 14.38% |
EBITDA Margin
| 2024 | 27.60% | 9.38% |
|---|---|---|
| 2025 | 31.50% | 14.13% |
| 2026 | 32.63% | 3.59% |
| 2027 | 33.49% | 2.64% |
| 2028 | 31.06% | 7.26% |
| 2029 | 31.77% | 2.29% |
33 SAP Analysts have issued a net profit forecast 2025. The average SAP net profit estimate is €7.1b . This is 8.98% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is €8.6b 31.46% , the lowest is €5.6b 14.18% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | €3.1b | 49.11% |
|---|---|---|
| 2025 | €7.1b | 128.18% |
| 2026 | €8.5b | 19.26% |
| 2027 | €10.2b | 19.73% |
| 2028 | €11.6b | 13.85% |
| 2029 | €13.7b | 18.63% |
Net Margin
| 2024 | 9.14% | 53.53% |
|---|---|---|
| 2025 | 18.93% | 107.09% |
| 2026 | 20.27% | 7.08% |
| 2027 | 21.45% | 5.82% |
| 2028 | 20.87% | 2.70% |
| 2029 | 22.13% | 6.04% |
Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2032
33 Analysts have issued a SAP forecast for earnings per share. The average SAP EPS is €6.11 . This is 8.14% higher than earnings per share in the financial year 2024. The highest EPS forecast is €7.37 30.44% , the lowest is €4.81 14.87% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | €2.65 | 49.04% |
|---|---|---|
| 2025 | €6.11 | 130.57% |
| 2026 | €7.29 | 19.31% |
| 2027 | €8.72 | 19.62% |
| 2028 | €9.93 | 13.88% |
| 2029 | €11.78 | 18.63% |
| 2030 | €13.13 | 11.46% |
| 2031 | €14.96 | 13.94% |
| 2032 | €16.96 | 13.37% |
P/E ratio
| Current | 39.10 | 53.88% |
|---|---|---|
| 2025 | 36.15 | 7.54% |
| 2026 | 30.31 | 16.15% |
| 2027 | 25.32 | 16.46% |
| 2028 | 22.24 | 12.16% |
| 2029 | 18.75 | 15.69% |
Based on analysts' sales estimates for 2025, the SAP stock is valued at an EV/Sales of 6.78 and an P/S ratio of 6.81 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 7.11 | 0.00% |
|---|---|---|
| 2025 | 6.78 | 4.70% |
| 2026 | 6.08 | 10.23% |
| 2027 | 5.38 | 11.63% |
| 2028 | 4.59 | 14.54% |
| 2029 | 4.11 | 10.59% |
| 2030 | 3.55 | 13.45% |
| 2031 | 3.22 | 9.38% |
| 2032 | 2.93 | 9.01% |
P/S ratio
| Current | 7.15 | 0.72% |
|---|---|---|
| 2025 | 6.81 | 4.67% |
| 2026 | 6.12 | 10.23% |
| 2027 | 5.41 | 11.63% |
| 2028 | 4.62 | 14.54% |
| 2029 | 4.13 | 10.59% |
| 2030 | 3.57 | 13.45% |
| 2031 | 3.24 | 9.38% |
| 2032 | 2.95 | 9.01% |
Current SAP Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| TD COWEN |
Buy
➜
Buy
|
Unchanged | Jul 16 2025 |
| WELLS FARGO SECURITIES, LLC |
Overweight
➜
Overweight
|
Unchanged | Jul 14 2025 |
| BANCO SANTANDER |
Underperform
➜
Underperform
|
Unchanged | Jul 14 2025 |
| PIPER SANDLER COMPANIES |
Overweight
➜
Overweight
|
Unchanged | Jul 09 2025 |
| BAADER HELVEA EQUITY RESEARCH |
Buy
➜
Buy
|
Unchanged | Jun 30 2025 |
| BERENBERG |
Buy
➜
Buy
|
Unchanged | Jun 30 2025 |
| CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED |
Outperform
➜
Outperform
|
Unchanged | Jun 29 2025 |
| Analyst Rating | Date |
|---|---|
|
Unchanged
TD COWEN:
Buy
➜
Buy
|
Jul 16 2025 |
|
Unchanged
WELLS FARGO SECURITIES, LLC:
Overweight
➜
Overweight
|
Jul 14 2025 |
|
Unchanged
BANCO SANTANDER:
Underperform
➜
Underperform
|
Jul 14 2025 |
|
Unchanged
PIPER SANDLER COMPANIES:
Overweight
➜
Overweight
|
Jul 09 2025 |
|
Unchanged
BAADER HELVEA EQUITY RESEARCH:
Buy
➜
Buy
|
Jun 30 2025 |
|
Unchanged
BERENBERG:
Buy
➜
Buy
|
Jun 30 2025 |
|
Unchanged
CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED:
Outperform
➜
Outperform
|
Jun 29 2025 |
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