SAP SE (SAP.DE) Forecast, Price Target & Analyst Ratings

FRA:SAP • DE0007164600

Current stock price

148.9 EUR
+0.04 (+0.03%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for SAP SE (SAP.DE).

Forecast Snapshot

Consensus Price Target

Price Target
€246.22
+ 65.36% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 23, 2026
Period
Q1 / 2026
EPS Estimate
€1.69
Revenue Estimate
9.641B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
77.56%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
€246.22
Upside
+ 65.36%
From current price of €148.90 to mean target of €246.22, Based on 41 analyst forecasts
Low
€151.50
Median
€247.35
High
€330.75

Price Target Revisions

1 Month
-4.45%
3 Months
-15.72%

Price Target Summary

41 Wall Street analysts provided a forecast for the next 12 months for SAP.DE. The average price target is 246.22 EUR. This implies a price increase of 65.36% is expected in the next year compared to the current price of 148.9.
The average price target has been revised downward by 15.72% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

SAP Current Analyst RatingSAP Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10 15 20

Analyst Ratings History

SAP Historical Analyst RatingsSAP Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 10 20 30 40

Analyst Ratings Consensus

ChartMill Buy Consensus
77.56%
SAP.DE was analyzed by 41 analysts. The buy percentage consensus is at 78. So analysts seem to be have mildly positive about SAP.DE.
In the previous month the buy percentage consensus was at a similar level.
SAP.DE was analyzed by 41 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-01-27BANCO SANTANDERMaintains Underperform -> Underperform
2026-01-27TD CowenMaintains Buy -> Buy
2025-09-16TD CowenMaintains Buy -> Buy
2022-12-14Bryan, Garnier & CoMaintains
2022-12-13Warburg ResearchMaintains
2022-12-12Morgan StanleyMaintains
2022-11-25UBSInitiate
2022-11-21BarclaysInitiate
2022-11-18Jefferies Financial LLC Initiate
2022-10-27JP Morgan & CompanyInitiate
2022-10-26BarclaysInitiate
2022-10-13Goldman SachsInitiate
2022-09-14Goldman SachsInitiate
2022-07-29Baader BankInitiate
2022-07-27UBSInitiate
2022-07-22Jefferies Financial LLC Initiate
2022-07-22Deutsche Bank CapitalInitiate
2022-07-21Warburg ResearchInitiate
2022-07-13Goldman SachsInitiate
2022-07-11Stifel Nicolaus ResearchInitiate
2022-07-01Credit SuisseInitiate
2022-05-12Jefferies Financial LLC Initiate
2022-05-12JP Morgan & CompanyInitiate
2022-05-12Baader BankInitiate
2022-05-12Warburg ResearchInitiate

Next Earnings Forecast Details

Next Earnings Details

Release Date
Apr 23, 2026
Period
Q1 / 2026
EPS Estimate
€1.69
Revenue Estimate
9.641B
Revenue Q2Q
6.97%
EPS Q2Q
17.24%
Number of Analysts
15

Next Earnings Revisions

Revenue (1 Month)
0.01%
Revenue (3 Months)
-1.83%
EPS (1 Month)
0.05%
EPS (3 Months)
2.10%

Next Earnings Summary

SAP.DE is expected to report earnings on 4/23/2026. The consensus EPS estimate for the next earnings is 1.69 EUR and the consensus revenue estimate is 9.64B EUR.
The next earnings revenue estimate has been revised downward by 1.83% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2033

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
SAP.DE revenue by date.SAP.DE revenue by date.
31.207B
5.71%		34.176B
9.51%		36.8B
7.68%		40.626B
10.40%		45.529B
12.07%		50.854B
11.70%		58.611B
15.25%		69.277B
18.20%		76.862B
10.95%		85.192B
10.84%		94.367B
10.77%
EBITDA
YoY % growth
SAP.DE ebitda by date.SAP.DE ebitda by date.
7.875B
-6.85%		9.433B
19.78%		11.677B
23.79%		13.369B
14.49%		15.468B
15.70%		17.66B
14.17%		19.874B
12.54%		N/AN/AN/AN/A
EBIT
YoY % growth
SAP.DE ebit by date.SAP.DE ebit by date.
6.502B
-0.85%		8.153B
25.39%		10.366B
27.14%		12.066B
16.40%		13.965B
15.74%		15.926B
14.04%		18.526B
16.33%		23.964B
29.35%		27.5B
14.76%		31.701B
15.28%		N/A
Operating Margin
SAP.DE operating margin by date.SAP.DE operating margin by date.
20.84%23.86%28.17%29.70%30.67%31.32%31.61%34.59%35.78%37.21%N/A
EPS
YoY % growth
SAP.DE eps by date.SAP.DE eps by date.
7.27
79.06%		4.53
-37.69%		6.15
35.76%		7.31
18.80%		8.55
17.05%		9.84
15.10%		11.94
21.31%		14.27
19.52%		16.58
16.17%		19.39
16.96%		22.73
17.20%

All data in EUR

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28
EPS
Q2Q % growth		1.69
17.24%		1.79
19.36%		1.84
15.58%		2.05
26.41%		1.94
14.88%		1.99
11.28%		2.09
13.90%		2.30
12.42%		2.10
8.14%		2.18
9.55%		2.44
16.77%		2.60
13.10%
Revenue
Q2Q % growth		9.641B
6.97%		9.971B
10.46%		10.222B
12.63%		10.81B
11.63%		10.723B
11.22%		11.027B
10.59%		11.242B
9.98%		11.975B
10.78%		11.677B
8.90%		12.161B
10.28%		12.366B
10.00%		13.058B
9.04%
EBITDA
Q2Q % growth		3.051B
8.81%		3.2B
-1.14%		3.299B
-7.10%		3.587B
-12.26%		3.322B
8.88%		3.444B
7.63%		4.065B
23.22%		4.324B
20.55%		3.878B
16.74%		3.988B
15.80%		4.69B
15.38%		4.963B
14.78%
EBIT
Q2Q % growth		2.75B
12.02%		2.903B
13.00%		2.974B
15.95%		3.286B
18.33%		3.164B
15.05%		3.281B
13.02%		3.417B
14.90%		3.757B
14.33%		3.424B
8.22%		3.557B
8.41%		3.958B
15.83%		4.2B
11.79%

All data in EUR

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

SAP.DE Yearly Revenue VS EstimatesSAP.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B 80B
SAP.DE Yearly EPS VS EstimatesSAP.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15 20

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
16.97%
EPS Next 5 Year
18.34%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
10.89%
Revenue Next 5 Year
13.18%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
19.55%
EBIT Next 5 Year
17.76%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

SAP SE / SAP.DE Forecast FAQ

What is the price target for SAP stock?

41 analysts have analysed SAP.DE and the average price target is 246.22 EUR. This implies a price increase of 65.36% is expected in the next year compared to the current price of 148.9.

What is the next earnings date for SAP stock?

SAP SE (SAP.DE) will report earnings on 2026-04-23, after the market close.

What are the consensus estimates for SAP stock next earnings?

The consensus EPS estimate for the next earnings of SAP SE (SAP.DE) is 1.69 EUR and the consensus revenue estimate is 9.64B EUR.

Can you provide the analyst count for SAP SE stock?

The number of analysts covering SAP SE (SAP.DE) is 41.