
SAP SE (SAP) Stock Forecast & Price Target
SAP SE (SAP) Analyst Ratings
Bulls say
SAP's 2025 fiscal outlook projects robust cloud revenue growth, with estimates between €21.6 billion and €21.9 billion, reflecting a year-over-year increase of 26%-28% in constant currency. The company is also guiding toward higher-end non-IFRS operating profit projections of €10.3 billion to €10.6 billion, while maintaining free cash flow expectations of approximately €8.0 billion. Furthermore, despite caution regarding the macroeconomic environment, SAP's cloud ERP growth of 34% in constant currency and a resilient performance across various regions underscore its strong market position and customer adoption trends.
Bears say
SAP reported mixed results for the third quarter of 2025, with operating profit and non-IFRS EPS slightly exceeding consensus estimates, yet total revenue growth showed a decline to 11% year-over-year in constant currency, dropping from 12% in the prior quarter. Additionally, there was a notable decrease in key growth metrics for cloud revenue and cloud ERP, with respective growth rates declining to 27% and 31%, which may indicate potential challenges in maintaining momentum in these crucial segments. Furthermore, lowered non-IFRS EPS estimates for 2025, 2026, and 2027, along with concerns over pricing pressure and possible market share losses in the enterprise applications sector, contribute to a negative outlook for SAP's stock performance.
This aggregate rating is based on analysts' research of SAP SE and is not a guaranteed prediction by Public.com or investment advice.
SAP SE (SAP) Analyst Forecast & Price Prediction
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