SAP Forecast, price target & analysts
SAP Target price 2025 - Analyst rating & recommendation
SAP Classifications & Recommendation:
SAP Price Target
| Target Price | €295.80 |
| Price | €258.75 |
| Potential | 14.32% |
| Number of Estimates | 35 |
| 35 Analysts have issued a price target SAP 2026 . The average SAP target price is €295.80. This is 14.32% higher than the current stock price. The highest price target is €372.75 44.06% , the lowest is €159.58 38.33% . | |
| A rating was issued by 39 analysts: 30 Analysts recommend SAP to buy, 6 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 14.32% . 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 €38.0b . This is 8.11% higher than the revenue of the last 12 months(TTM). The highest sales forecast is €40.5b 15.32% , the lowest is €36.3b 3.28% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | €34.2b | 9.51% |
|---|---|---|
| 2025 | €38.0b | 11.19% |
| 2026 | €42.5b | 11.77% |
| 2027 | €48.1b | 13.14% |
| 2028 | €54.3b | 12.92% |
| 2029 | €60.9b | 12.18% |
| 2030 | €68.9b | 13.14% |
| 2031 | €78.2b | 13.50% |
| 2032 | €85.9b | 9.90% |
25 Analysts have issued an SAP EBITDA forecast 2025. The average SAP EBITDA estimate is €11.9b . This is 14.13% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is €14.3b 37.22% , the lowest is €10.7b 2.92% .
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 | €17.4b | 9.29% |
| 2029 | €19.0b | 9.60% |
EBITDA Margin
| 2024 | 27.60% | 9.38% |
|---|---|---|
| 2025 | 31.21% | 13.07% |
| 2026 | 32.22% | 3.24% |
| 2027 | 33.07% | 2.64% |
| 2028 | 32.01% | 3.21% |
| 2029 | 31.27% | 2.31% |
34 SAP Analysts have issued a net profit forecast 2025. The average SAP net profit estimate is €7.4b . This is 28.77% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is €8.8b 53.86% , the lowest is €6.7b 17.28% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | €3.1b | 49.11% |
|---|---|---|
| 2025 | €7.4b | 136.28% |
| 2026 | €8.9b | 20.48% |
| 2027 | €10.5b | 18.19% |
| 2028 | €11.6b | 10.54% |
| 2029 | €13.3b | 14.29% |
| 2030 | €15.3b | 15.35% |
| 2031 | €17.5b | 13.95% |
| 2032 | €19.8b | 13.37% |
Net Margin
| 2024 | 9.14% | 53.53% |
|---|---|---|
| 2025 | 19.42% | 112.45% |
| 2026 | 20.94% | 7.83% |
| 2027 | 21.87% | 4.44% |
| 2028 | 21.41% | 2.10% |
| 2029 | 21.81% | 1.87% |
| 2030 | 22.24% | 1.97% |
| 2031 | 22.32% | 0.36% |
| 2032 | 23.03% | 3.18% |
Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2032
34 Analysts have issued a SAP forecast for earnings per share. The average SAP EPS is €6.33 . This is 29.98% higher than earnings per share in the financial year 2024. The highest EPS forecast is €7.56 55.24% , the lowest is €5.76 18.28% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | €2.65 | 49.04% |
|---|---|---|
| 2025 | €6.33 | 138.87% |
| 2026 | €7.62 | 20.38% |
| 2027 | €9.01 | 18.24% |
| 2028 | €9.96 | 10.54% |
| 2029 | €11.38 | 14.26% |
| 2030 | €13.13 | 15.38% |
| 2031 | €14.96 | 13.94% |
| 2032 | €16.96 | 13.37% |
P/E ratio
| Current | 53.13 | 36.78% |
|---|---|---|
| 2025 | 40.89 | 23.04% |
| 2026 | 33.94 | 17.00% |
| 2027 | 28.72 | 15.38% |
| 2028 | 25.98 | 9.54% |
| 2029 | 22.73 | 12.51% |
| 2030 | 19.71 | 13.29% |
| 2031 | 17.30 | 12.23% |
| 2032 | 15.26 | 11.79% |
Based on analysts' sales estimates for 2025, the SAP stock is valued at an EV/Sales of 8.01 and an P/S ratio of 8.08 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 8.65 | 22.70% |
|---|---|---|
| 2025 | 8.01 | 7.45% |
| 2026 | 7.16 | 10.53% |
| 2027 | 6.33 | 11.62% |
| 2028 | 5.61 | 11.45% |
| 2029 | 5.00 | 10.86% |
| 2030 | 4.42 | 11.62% |
| 2031 | 3.89 | 11.90% |
| 2032 | 3.54 | 9.01% |
P/S ratio
| Current | 8.74 | 22.39% |
|---|---|---|
| 2025 | 8.08 | 7.50% |
| 2026 | 7.23 | 10.53% |
| 2027 | 6.39 | 11.62% |
| 2028 | 5.66 | 11.44% |
| 2029 | 5.04 | 10.86% |
| 2030 | 4.46 | 11.62% |
| 2031 | 3.93 | 11.90% |
| 2032 | 3.57 | 9.01% |
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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