SAP SE Stock Forecast

Stock Price Forecast

According to 29 analysts polled by S&P Global, SAP SE stock has a consensus rating of "Buy" and an average price target of €243.36. The average 1-year stock price forecast is 15.36% higher than the current stock price, while the lowest is €198.84 (-5.74%) and the highest is €290.00 (+37.47%).

Price Target: €243.36 (+15.36%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	€198.84	€243.36	€240.00	€290.00
Change	-5.74%	+15.36%	+13.77%	+37.47%

Analyst Ratings

The average analyst rating for SAP SE stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart

Rating	Jun '26	Jul '26	Aug '26	Sep '26	Oct '26	Nov '26
Strong Buy	20	20	21	21	19	18
Buy	3	3	3	3	5	6
Hold	4	4	4	4	5	5
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	27	27	28	28	29	29

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Toby Ogg J.P. Morgan	J.P. Morgan	Buy Upgrades €175.00 → €275.00	Buy	Upgrades	€175.00 → €275.00	+30.36%	Nov 9, 2026
Charles Brennan Jefferies	Jefferies	Buy Maintains €220.00 → €250.00	Buy	Maintains	€220.00 → €250.00	+18.51%	Oct 26, 2026
Balajee Tirupati Citi	Citi	Buy Maintains €215.00 → €240.00	Buy	Maintains	€215.00 → €240.00	+13.77%	Oct 23, 2026
Mohammed Moawalla Goldman Sachs	Goldman Sachs	Buy Maintains €230.00 → €258.00	Buy	Maintains	€230.00 → €258.00	+22.30%	Oct 23, 2026
Armin Kremser DZ BANK AG	DZ BANK AG	Sell Maintains n/a	Sell	Maintains	n/a	n/a	Oct 23, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

40.45B

from 36.80B

9.92%

from 36.80B

Revenue Next Year

45.31B

from 40.45B

12.01%

from 40.45B

EPS This Year

7.16

from 6.15

16.47%

from 6.15

EPS Next Year

8.49

from 7.16

18.47%

from 7.16

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	26.95B	29.52B	31.21B	34.18B	36.80B	40.45B
Revenue Growth	-1.41%	9.52%	5.72%	9.51%	7.68%	9.92%
Gross Profit	19.73B	21.48B	22.53B	25.01B	27.15B	29.78B
Gross Margin	73.22%	72.77%	72.20%	73.19%	73.76%	73.61%
Operating Income	6.39B	6.05B	6.01B	8.15B	10.42B	11.88B
Net Income	5.26B	2.28B	6.14B	3.12B	7.16B	8.47B
EPS	-	-	-	-	6.15	7.16
EPS Growth	-	-	-	-	35.76%	16.47%
Forward PE	22.15	18.81	25.12	40.16	31.63	29.45
Dividend / Share	1.95	2.05	2.20	2.35	2.50	2.69
Dividend Growth	5.41%	5.13%	7.32%	6.82%	6.38%	7.53%
Free Cash Flow	-	-	-	-	8.24B	10.10B
No. Analysts	-	-	-	-	-	26

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is EUR.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	40.7B
Avg	40.5B
Low	40.1B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	10.5%
Avg	9.9%
Low	8.9%

EPS Forecast

Chart

EPS	2026	2027	2028
High	7.98
Avg	7.16
Low	6.62

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	29.8%
Avg	16.5%
Low	7.6%