SAP Forecast, price target & analysts
SAP Target price 2025 - Analyst rating & recommendation
SAP Classifications & Recommendation:
SAP Price Target
| Target Price | €297.84 |
| Price | €228.85 |
| Potential | 30.15% |
| Number of Estimates | 33 |
| 33 Analysts have issued a price target SAP 2026 . The average SAP target price is €297.84. This is 30.15% higher than the current stock price. The highest price target is €396.90 73.43% , the lowest is €193.92 15.26% . | |
| 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 30.15% . 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 €37.6b . This is 3.00% higher than the revenue of the last 12 months(TTM). The highest sales forecast is €40.5b 11.07% , the lowest is €35.9b 1.76% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | €34.2b | 9.51% |
|---|---|---|
| 2025 | €37.6b | 9.98% |
| 2026 | €41.8b | 11.27% |
| 2027 | €47.3b | 13.11% |
| 2028 | €55.3b | 16.88% |
| 2029 | €61.8b | 11.85% |
| 2030 | €71.5b | 15.53% |
| 2031 | €78.9b | 10.36% |
| 2032 | €86.7b | 9.90% |
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 | 7.61% |
| 2029 | €19.6b | 14.38% |
EBITDA Margin
| 2024 | 27.60% | 9.38% |
|---|---|---|
| 2025 | 31.09% | 12.64% |
| 2026 | 32.55% | 4.70% |
| 2027 | 33.74% | 3.66% |
| 2028 | 31.06% | 7.94% |
| 2029 | 31.76% | 2.25% |
33 SAP Analysts have issued a net profit forecast 2025. The average SAP net profit estimate is €7.2b . This is 1.65% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is €9.5b 34.05% , 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 | €7.2b | 130.43% |
| 2026 | €8.6b | 19.10% |
| 2027 | €10.3b | 19.91% |
| 2028 | €11.5b | 12.23% |
| 2029 | €13.7b | 18.63% |
Net Margin
| 2024 | 9.14% | 53.53% |
|---|---|---|
| 2025 | 19.15% | 109.50% |
| 2026 | 20.50% | 7.05% |
| 2027 | 21.73% | 6.00% |
| 2028 | 20.87% | 3.96% |
| 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 €6.17 . This is 1.65% higher than earnings per share in the financial year 2024. The highest EPS forecast is €8.14 34.10% , 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 | €6.17 | 132.83% |
| 2026 | €7.35 | 19.12% |
| 2027 | €8.81 | 19.86% |
| 2028 | €9.89 | 12.26% |
| 2029 | €11.73 | 18.60% |
| 2030 | €13.13 | 11.94% |
| 2031 | €14.96 | 13.94% |
| 2032 | €16.96 | 13.37% |
P/E ratio
| Current | 37.70 | 58.25% |
|---|---|---|
| 2025 | 37.09 | 1.62% |
| 2026 | 31.14 | 16.04% |
| 2027 | 25.97 | 16.60% |
| 2028 | 23.14 | 10.90% |
| 2029 | 19.51 | 15.69% |
Based on analysts' sales estimates for 2025, the SAP stock is valued at an EV/Sales of 6.95 and an P/S ratio of 6.97 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 7.16 | 10.16% |
|---|---|---|
| 2025 | 6.95 | 2.96% |
| 2026 | 6.24 | 10.13% |
| 2027 | 5.52 | 11.59% |
| 2028 | 4.72 | 14.44% |
| 2029 | 4.22 | 10.60% |
| 2030 | 3.65 | 13.45% |
| 2031 | 3.31 | 9.38% |
| 2032 | 3.01 | 9.00% |
P/S ratio
| Current | 7.18 | 10.32% |
|---|---|---|
| 2025 | 6.97 | 2.91% |
| 2026 | 6.26 | 10.13% |
| 2027 | 5.54 | 11.59% |
| 2028 | 4.74 | 14.44% |
| 2029 | 4.24 | 10.60% |
| 2030 | 3.67 | 13.44% |
| 2031 | 3.32 | 9.38% |
| 2032 | 3.02 | 9.01% |
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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