SAP Forecast, price target & analysts
SAP Target price 2025 - Analyst rating & recommendation
SAP Classifications & Recommendation:
SAP Price Target
| Target Price | €299.37 |
| Price | €206.60 |
| Potential | 44.90% |
| Number of Estimates | 31 |
| 31 Analysts have issued a price target SAP 2026 . The average SAP target price is €299.37. This is 44.90% higher than the current stock price. The highest price target is €366.45 77.37% , the lowest is €193.92 6.14% . | |
| A rating was issued by 38 analysts: 31 Analysts recommend SAP to buy, 4 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 44.90% . Most analysts recommend the SAP stock at Purchase. |
Sales and Margin forecast 2025, 2026 to 2032
34 Analysts have issued a sales forecast SAP 2025 . The average SAP sales estimate is €37.4b . This is 2.58% higher than the revenue of the last 12 months(TTM). The highest sales forecast is €40.5b 11.07% , the lowest is €35.9b 1.59% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | €34.2b | 9.51% |
|---|---|---|
| 2025 | €37.4b | 9.54% |
| 2026 | €41.5b | 10.97% |
| 2027 | €46.8b | 12.76% |
| 2028 | €55.3b | 18.16% |
| 2029 | €61.8b | 11.74% |
| 2030 | €70.3b | 13.64% |
| 2031 | €78.0b | 10.95% |
| 2032 | €86.4b | 10.84% |
23 Analysts have issued an SAP EBITDA forecast 2025. The average SAP EBITDA estimate is €11.7b . This is 2.97% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is €13.9b 22.72% , the lowest is €9.6b 15.01% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | €9.4b | 19.78% |
|---|---|---|
| 2025 | €11.7b | 23.88% |
| 2026 | €13.6b | 16.50% |
| 2027 | €16.0b | 17.24% |
| 2028 | €17.2b | 8.01% |
| 2029 | €19.7b | 14.35% |
EBITDA Margin
| 2024 | 27.60% | 9.38% |
|---|---|---|
| 2025 | 31.22% | 13.11% |
| 2026 | 32.77% | 4.96% |
| 2027 | 34.07% | 3.97% |
| 2028 | 31.15% | 8.57% |
| 2029 | 31.88% | 2.34% |
33 SAP Analysts have issued a net profit forecast 2025. The average SAP net profit estimate is €7.1b . This is 0.79% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is €8.6b 21.59% , the lowest is €5.6b 20.74% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | €3.1b | 49.11% |
|---|---|---|
| 2025 | €7.1b | 128.49% |
| 2026 | €8.4b | 18.14% |
| 2027 | €10.1b | 19.30% |
| 2028 | €11.9b | 17.85% |
| 2029 | €14.0b | 18.41% |
| 2030 | €16.9b | 20.31% |
| 2031 | €19.6b | 16.17% |
| 2032 | €22.9b | 16.96% |
Net Margin
| 2024 | 9.14% | 53.53% |
|---|---|---|
| 2025 | 19.07% | 108.62% |
| 2026 | 20.30% | 6.45% |
| 2027 | 21.48% | 5.81% |
| 2028 | 21.42% | 0.28% |
| 2029 | 22.70% | 5.98% |
| 2030 | 24.03% | 5.86% |
| 2031 | 25.16% | 4.70% |
| 2032 | 26.55% | 5.52% |
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 €6.12 . This is 0.82% higher than earnings per share in the financial year 2024. The highest EPS forecast is €7.38 21.58% , the lowest is €4.81 20.76% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | €2.65 | 49.04% |
|---|---|---|
| 2025 | €6.12 | 130.94% |
| 2026 | €7.23 | 18.14% |
| 2027 | €8.62 | 19.23% |
| 2028 | €10.16 | 17.87% |
| 2029 | €12.03 | 18.41% |
| 2030 | €14.48 | 20.37% |
| 2031 | €16.82 | 16.16% |
| 2032 | €19.67 | 16.94% |
P/E ratio
| Current | 33.86 | 62.61% |
|---|---|---|
| 2025 | 33.59 | 0.78% |
| 2026 | 28.43 | 15.36% |
| 2027 | 23.83 | 16.18% |
| 2028 | 20.22 | 15.15% |
| 2029 | 17.08 | 15.53% |
| 2030 | 14.19 | 16.92% |
| 2031 | 12.22 | 13.88% |
| 2032 | 10.45 | 14.48% |
Based on analysts' sales estimates for 2025, the SAP stock is valued at an EV/Sales of 6.38 and an P/S ratio of 6.40 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 6.55 | 17.92% |
|---|---|---|
| 2025 | 6.38 | 2.59% |
| 2026 | 5.75 | 9.88% |
| 2027 | 5.10 | 11.31% |
| 2028 | 4.32 | 15.37% |
| 2029 | 3.86 | 10.51% |
| 2030 | 3.40 | 12.00% |
| 2031 | 3.06 | 9.87% |
| 2032 | 2.76 | 9.78% |
P/S ratio
| Current | 6.57 | 18.07% |
|---|---|---|
| 2025 | 6.40 | 2.52% |
| 2026 | 5.77 | 9.88% |
| 2027 | 5.12 | 11.31% |
| 2028 | 4.33 | 15.37% |
| 2029 | 3.88 | 10.51% |
| 2030 | 3.41 | 12.00% |
| 2031 | 3.07 | 9.87% |
| 2032 | 2.77 | 9.78% |
Current SAP Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| TD COWEN |
Buy
➜
Buy
|
Unchanged | Sep 16 2025 |
| METZLER EQUITIES |
Buy
➜
Buy
|
Unchanged | Aug 29 2025 |
| JEFFERIES |
Buy
➜
Buy
|
Unchanged | Aug 08 2025 |
| DZ BANK |
Hold
➜
Sell
|
Downgrade | Aug 07 2025 |
| BAADER HELVEA EQUITY RESEARCH |
Buy
➜
Buy
|
Unchanged | Aug 06 2025 |
| WELLS FARGO SECURITIES, LLC |
Overweight
➜
Overweight
|
Unchanged | Aug 04 2025 |
| LANDESBANK BADEN-WUERTTEMBERG |
Buy
➜
Buy
|
Unchanged | Jul 25 2025 |
| Analyst Rating | Date |
|---|---|
|
Unchanged
TD COWEN:
Buy
➜
Buy
|
Sep 16 2025 |
|
Unchanged
METZLER EQUITIES:
Buy
➜
Buy
|
Aug 29 2025 |
|
Unchanged
JEFFERIES:
Buy
➜
Buy
|
Aug 08 2025 |
|
Downgrade
DZ BANK:
Hold
➜
Sell
|
Aug 07 2025 |
|
Unchanged
BAADER HELVEA EQUITY RESEARCH:
Buy
➜
Buy
|
Aug 06 2025 |
|
Unchanged
WELLS FARGO SECURITIES, LLC:
Overweight
➜
Overweight
|
Aug 04 2025 |
|
Unchanged
LANDESBANK BADEN-WUERTTEMBERG:
Buy
➜
Buy
|
Jul 25 2025 |
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