SAP Analyst Ratings
SAP SE (SAP) operates in the Technology sector, specifically the Software - Application industry, with a market capitalization near $256.06B, listed on NYSE, employing roughly 112,019 people, carrying a beta of 0.78 to the broader market. SAP SE, founded in Walldorf, Germany, in 1972, is a global provider of diverse software applications, technology, and services. Led by Christian Klein, public since 1995-09-18.
Analyst Ratings
In the October 2026 monthly count, 16 analysts rated SAP: 4 Strong Buy, 9 Buy, 3 Hold, 0 Sell and 0 Strong Sell.
Twelve months earlier, in October 2025: 16 analysts, 4 Strong Buy, 9 Buy, 3 Hold, 0 Sell and 0 Strong Sell.
Price Targets
- Average Target
- $253.60
- Median Target
- $260.00
- High
- $265.00
- Low
- $235.00
- Targets Published, Last 12 Months
- 15
Recent Price Targets
The 5 most recent of 15 price targets published in the last 12 months.
| Date | Firm | Analyst | Target | Price When Posted |
|---|---|---|---|---|
| Oct 13, 2026 | Barclays | Raimo Lenschow | $243.00 | $217.85 |
| Oct 8, 2026 | BMO Capital | Keith Bachman | $235.00 | $210.49 |
| Sep 22, 2026 | Jefferies | Not named | $260.00 | $210.74 |
| Sep 10, 2026 | Argus Research | Joseph Bonner | $265.00 | $206.33 |
| Jul 27, 2026 | Barclays | Not named | $242.00 | $160.00 |
Recent Upgrades & Downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 13, 2026 | Barclays | maintain | Overweight | Overweight |
| Oct 8, 2026 | BMO Capital | maintain | Outperform | Outperform |
| Aug 26, 2026 | UBS | downgrade | Buy | Neutral |
| Jul 27, 2026 | Barclays | maintain | Overweight | Overweight |
| Jul 24, 2026 | BMO Capital | maintain | Outperform | Outperform |
Quantitative Rating
SAP carries a model grade of B+ (overall score 3 of 5), computed from six valuation and financial measures (discounted cash flow, return on equity, return on assets, debt to equity, price to earnings and price to book), each scored 1 to 5. It is not an analyst rating.
How to Read SAP Analyst Coverage
Sell-side equity analysts publish three primary outputs: ratings (Strong Buy / Buy / Hold / Sell / Strong Sell, or firm-specific equivalents), price targets, and EPS / revenue estimate revisions. Rating consensus moves slowly relative to price; it reflects 12-month directional conviction rather than near-term momentum. Price targets are more responsive but typically drift behind realized price during sharp moves. The most actionable signal for options traders is a cluster of ratings actions across multiple firms within a short window, which compresses or expands implied volatility on a horizon of days to weeks and shifts the put-call skew toward the directional consensus. The recent-actions table above shows the five most recent firm-level changes; longer histories live behind aggregator sources.
For event-driven options sizing, pair the consensus rating and target distribution with the implied-volatility surface and dealer-positioning view. Aggressive target hikes from multiple firms tend to tighten put skew (downside protection becomes relatively cheaper); aggressive cuts widen put skew. The size of the IV response in the hours after a rating change is visible on the per-ticker volatility skew page and the gamma-exposure page, both of which show how dealer hedging propagates the analyst-driven flow into the listed options chain.
Learn how analyst ratings is reported and how to read the data →
Frequently asked SAP analyst ratings questions
- What is the SAP consensus price target?
- As of the latest aggregator update, SAP SE (SAP) carries a consensus 12-month price target of $253.60. Target ranges run from a low of $235.00 to a high of $265.00. The target is the average of the price targets published by sell-side equity analysts covering the name.
- What is the analyst rating consensus on SAP?
- In the October 2026 monthly count, 16 analysts rated SAP, and the distribution tilts to the Buy side: 4 Strong Buy, 9 Buy, 3 Hold, 0 Sell and 0 Strong Sell. Rating consensus moves slowly relative to price; it reflects sell-side conviction over a 12-month horizon rather than near-term momentum.
- What recent ratings actions has SAP seen?
- The five most recent ratings actions on SAP appear on the page above. Sell-side rating changes are watched for two reasons: an upgrade or downgrade with a meaningful target revision moves the consensus and can trigger short-term positioning shifts, and the firm-level rating cluster (multiple firms moving in the same direction within a short window) is a clearer signal than any single action. Options markets often price the implied-vol response within minutes of the announcement.
- How do analyst targets affect SAP options pricing?
- Analyst target revisions tend to be priced in by the lit options market within minutes of publication, but persistent target drift over weeks does correlate with implied-volatility movement. Aggressive target hikes from multiple firms inside a single quarter tighten put skew (downside protection becomes cheaper relative to upside speculation); aggressive cuts widen put skew. The most actionable read is the implied-vol response in the hours after a target change, which is visible on the per-ticker volatility skew page.