SAP Forecast, price target & analysts
SAP Target price 2026 - Analyst rating & recommendation
SAP Classifications & Recommendation:
SAP Price Target
| Target Price | €295.80 |
| Price | €201.95 |
| Potential | 46.47% |
| Number of Estimates | 32 |
| 32 Analysts have issued a price target SAP 2027 . The average SAP target price is €295.80. This is 46.47% higher than the current stock price. The highest price target is €366.45 81.46% , the lowest is €193.92 3.98% . | |
| 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 2027 of 46.47% . Most analysts recommend the SAP stock at Purchase. |
Sales and Margin forecast 2025, 2026 to 2032
35 Analysts have issued a sales forecast SAP 2025 . The average SAP sales estimate is €37.5b . This is 2.64% higher than the revenue of the last 12 months(TTM). The highest sales forecast is €41.9b 14.79% , the lowest is €35.9b 1.59% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | €34.2b | 9.51% |
|---|---|---|
| 2025 | €37.5b | 9.60% |
| 2026 | €41.4b | 10.48% |
| 2027 | €46.5b | 12.46% |
| 2028 | €55.4b | 18.93% |
| 2029 | €61.9b | 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 €11.6b . This is 2.63% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is €13.0b 14.36% , the lowest is €10.3b 9.62% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | €9.4b | 19.78% |
|---|---|---|
| 2025 | €11.6b | 23.47% |
| 2026 | €13.4b | 14.76% |
| 2027 | €15.6b | 16.81% |
| 2028 | €17.2b | 10.43% |
| 2029 | €19.7b | 14.35% |
EBITDA Margin
| 2024 | 27.60% | 9.38% |
|---|---|---|
| 2025 | 31.09% | 12.64% |
| 2026 | 32.30% | 3.89% |
| 2027 | 33.55% | 3.87% |
| 2028 | 31.15% | 7.15% |
| 2029 | 31.87% | 2.31% |
34 SAP Analysts have issued a net profit forecast 2025. The average SAP net profit estimate is €7.2b . This is 1.38% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is €8.6b 21.25% , the lowest is €6.6b 6.69% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | €3.1b | 49.11% |
|---|---|---|
| 2025 | €7.2b | 129.83% |
| 2026 | €8.5b | 17.97% |
| 2027 | €10.1b | 19.15% |
| 2028 | €11.9b | 17.50% |
| 2029 | €14.0b | 18.41% |
| 2030 | €16.9b | 20.31% |
| 2031 | €19.6b | 16.17% |
| 2032 | €23.0b | 16.96% |
Net Margin
| 2024 | 9.14% | 53.53% |
|---|---|---|
| 2025 | 19.17% | 109.72% |
| 2026 | 20.47% | 6.78% |
| 2027 | 21.68% | 5.91% |
| 2028 | 21.42% | 1.20% |
| 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
34 Analysts have issued a SAP forecast for earnings per share. The average SAP EPS is €6.15 . This is 1.32% higher than earnings per share in the financial year 2024. The highest EPS forecast is €7.36 21.25% , the lowest is €5.66 6.75% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | €2.65 | 49.04% |
|---|---|---|
| 2025 | €6.15 | 132.08% |
| 2026 | €7.26 | 18.05% |
| 2027 | €8.65 | 19.15% |
| 2028 | €10.16 | 17.46% |
| 2029 | €12.04 | 18.50% |
| 2030 | €14.48 | 20.27% |
| 2031 | €16.82 | 16.16% |
| 2032 | €19.67 | 16.94% |
P/E ratio
| Current | 33.27 | 66.66% |
|---|---|---|
| 2025 | 32.81 | 1.38% |
| 2026 | 27.82 | 15.21% |
| 2027 | 23.35 | 16.07% |
| 2028 | 19.87 | 14.90% |
| 2029 | 16.78 | 15.55% |
| 2030 | 13.95 | 16.87% |
| 2031 | 12.01 | 13.91% |
| 2032 | 10.26 | 14.57% |
Based on analysts' sales estimates for 2025, the SAP stock is valued at an EV/Sales of 6.47 and an P/S ratio of 6.49 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 6.64 | 24.63% |
|---|---|---|
| 2025 | 6.47 | 2.56% |
| 2026 | 5.86 | 9.49% |
| 2027 | 5.21 | 11.08% |
| 2028 | 4.38 | 15.92% |
| 2029 | 3.92 | 10.51% |
| 2030 | 3.45 | 12.00% |
| 2031 | 3.11 | 9.87% |
| 2032 | 2.80 | 9.78% |
P/S ratio
| Current | 6.66 | 24.63% |
|---|---|---|
| 2025 | 6.49 | 2.57% |
| 2026 | 5.88 | 9.49% |
| 2027 | 5.22 | 11.08% |
| 2028 | 4.39 | 15.92% |
| 2029 | 3.93 | 10.51% |
| 2030 | 3.46 | 12.00% |
| 2031 | 3.12 | 9.87% |
| 2032 | 2.81 | 9.78% |
Current SAP Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| DAY BY DAY |
Buy
➜
Hold
|
Downgrade | Dec 09 2025 |
| NYKREDIT MARKETS |
Buy
➜
Buy
|
Unchanged | Dec 05 2025 |
| METZLER EQUITIES |
Buy
➜
Buy
|
Unchanged | Nov 28 2025 |
| ODDO BHF |
Buy
➜
Buy
|
Unchanged | Nov 17 2025 |
| ROTHSCHILD & CO REDBURN |
Buy
➜
Buy
|
Unchanged | Nov 05 2025 |
| JEFFERIES |
Buy
➜
Buy
|
Unchanged | Oct 27 2025 |
| LANDESBANK BADEN-WUERTTEMBERG |
Buy
➜
Buy
|
Unchanged | Oct 27 2025 |
| Analyst Rating | Date |
|---|---|
|
Downgrade
DAY BY DAY:
Buy
➜
Hold
|
Dec 09 2025 |
|
Unchanged
NYKREDIT MARKETS:
Buy
➜
Buy
|
Dec 05 2025 |
|
Unchanged
METZLER EQUITIES:
Buy
➜
Buy
|
Nov 28 2025 |
|
Unchanged
ODDO BHF:
Buy
➜
Buy
|
Nov 17 2025 |
|
Unchanged
ROTHSCHILD & CO REDBURN:
Buy
➜
Buy
|
Nov 05 2025 |
|
Unchanged
JEFFERIES:
Buy
➜
Buy
|
Oct 27 2025 |
|
Unchanged
LANDESBANK BADEN-WUERTTEMBERG:
Buy
➜
Buy
|
Oct 27 2025 |
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