€185.32
0.71%
Xetra, Sep 29, 05:35 pm CEST. Closed.
ISIN
DE0007164600
Symbol
SAP
Industry

SAP Target price 2026 - Analyst rating & recommendation

SAP Classifications & Recommendation

Buy
77%
Hold
18%
Sell
5%

SAP Price Target

Target Price €207.06
Price €185.32
Potential 11.73%
Number of Estimates 33
33 Analysts have issued a price target SAP 2027 . The average SAP target price is €207.06. This is 11.73% higher than the current stock price. The highest price target is €304.50 64.31% , the lowest is €121.20 34.60% .
A rating was issued by 39 analysts: 30 Analysts recommend SAP to buy, 7 to hold and 2 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 2027 of 11.73% . Most analysts recommend the SAP stock at Purchase.

Sales and Margin forecast 2026, 2027 to 2033

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Select at least one metric to display the chart.


Sep '25 Sep '26
Estimates
Revenue Billion € 9.08 10.20
7.15% 12.37%
EBITDA Margin 31.77% 31.89%
5.06% 0.39%
Net Margin 22.08% 21.37%
27.83% 3.22%

34 Analysts have issued a sales forecast SAP 2026 . The average SAP sales estimate is

€40.7b
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. This is
6.44% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
€42.5b 11.41%
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, the lowest is
€38.9b 1.87%
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.

This results in the following potential growth metrics:

Revenue Estimates

2025 €36.8b 7.68%
2026
€40.7b 10.47%
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2027
€45.4b 11.74%
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2028
€50.9b 12.07%
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2029
€56.1b 10.14%
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2030
€62.3b 11.04%
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2031
€68.0b 9.27%
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2032
€74.0b 8.82%
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2033
€80.3b 8.48%
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23 Analysts have issued an SAP EBITDA forecast 2026. The average SAP EBITDA estimate is

€12.9b
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. This is
5.39% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
€14.5b 18.46%
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, the lowest is
€11.4b 6.90%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2025 €11.7b 24.34%
2026
€12.9b 10.16%
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2027
€14.9b 15.25%
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2028
€17.1b 14.79%
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2029
€18.8b 10.14%
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2030
€20.8b 10.43%
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2031
€22.0b 5.96%
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2032
€23.9b 8.64%
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2033
€26.0b 8.42%
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EBITDA Margin

2025 31.87% 15.47%
2026
31.78% 0.29%
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2027
32.78% 3.15%
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2028
33.58% 2.44%
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2029
33.58% 0.00%
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2030
33.39% 0.57%
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2031
32.38% 3.02%
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2032
32.33% 0.15%
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2033
32.31% 0.06%
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33 SAP Analysts have issued a net profit forecast 2026. The average SAP net profit estimate is

€8.5b
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. This is
8.99% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
€10.4b 33.19%
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, the lowest is
€7.6b 2.84%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2025 €7.2b 129.23%
2026
€8.5b 18.65%
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2027
€9.9b 16.42%
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2028
€11.6b 16.90%
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2029
€13.0b 12.40%
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2030
€14.8b 13.63%
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2031
€15.9b 7.46%
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2032
€17.7b 11.26%
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2033
€19.6b 11.00%
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Net Margin

2025 19.46% 112.88%
2026
20.90% 7.40%
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2027
21.78% 4.21%
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2028
22.72% 4.32%
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2029
23.18% 2.02%
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2030
23.72% 2.33%
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2031
23.33% 1.64%
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2032
23.85% 2.23%
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2033
24.41% 2.35%
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Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 to 2033

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Select at least one metric to display the chart.


Sep '25 Sep '26
Estimates
Earnings Per Share € 1.71 1.87
37.90% 9.36%

33 Analysts have issued a SAP forecast for earnings per share. The average SAP EPS is

€7.28
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. This is
8.01% higher
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than earnings per share in the financial year 2025. The highest EPS forecast is
€8.89 31.90%
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, the lowest is
€6.49 3.71%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2025 €6.09 129.81%
2026
€7.28 19.54%
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2027
€8.47 16.35%
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2028
€9.90 16.88%
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2029
€11.13 12.42%
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2030
€12.65 13.66%
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2031
€13.59 7.43%
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2032
€15.12 11.26%
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2033
€16.79 11.04%
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P/E ratio

Current 27.30 31.49%
2026
25.29 7.37%
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2027
21.72 14.12%
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2028
18.58 14.46%
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2029
16.53 11.03%
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2030
14.55 11.98%
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2031
13.54 6.94%
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2032
12.17 10.12%
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2033
10.96 9.94%
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Based on analysts' sales estimates for 2026, the SAP stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 5.65 22.39%
2026
5.31 5.98%
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2027
4.75 10.51%
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2028
4.24 10.77%
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2029
3.85 9.21%
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2030
3.47 9.94%
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2031
3.17 8.48%
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2032
2.92 8.11%
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2033
2.69 7.81%
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P/S ratio

Current 5.68 22.39%
2026
5.34 6.05%
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2027
4.78 10.51%
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2028
4.26 10.77%
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2029
3.87 9.20%
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2030
3.49 9.94%
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2031
3.19 8.48%
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2032
2.93 8.11%
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2033
2.70 7.81%
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Current SAP Upgrades & Downgrades

Analyst Rating Action Date
JEFFERIES
Buy
➜
Buy
Unchanged Sep 22 2026
BNP PARIBAS
Outperform
➜
Outperform
Unchanged Sep 22 2026
BERENBERG
Buy
➜
Buy
Unchanged Sep 21 2026
BAADER EUROPE / ALPHAVALUE
Buy
➜
Buy
Unchanged Sep 17 2026
DAY BY DAY
Sell
➜
Buy
Upgrade Sep 14 2026
METZLER EQUITIES
Buy
➜
Buy
Unchanged Aug 28 2026
HSBC GLOBAL INVESTMENT RESEARCH
Buy
➜
Buy
Unchanged Aug 24 2026
Analyst Rating Date
Unchanged
JEFFERIES:
Buy
➜
Buy
Sep 22 2026
Unchanged
BNP PARIBAS:
Outperform
➜
Outperform
Sep 22 2026
Unchanged
BERENBERG:
Buy
➜
Buy
Sep 21 2026
Unchanged
BAADER EUROPE / ALPHAVALUE:
Buy
➜
Buy
Sep 17 2026
Upgrade
DAY BY DAY:
Sell
➜
Buy
Sep 14 2026
Unchanged
METZLER EQUITIES:
Buy
➜
Buy
Aug 28 2026
Unchanged
HSBC GLOBAL INVESTMENT RESEARCH:
Buy
➜
Buy
Aug 24 2026

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