
SAP SE (SAP) Stock Forecast & Price Target
SAP SE (SAP) Analyst Ratings
Bulls say
SAP's stock outlook remains positive due to significant growth in cloud revenue, with guidance indicating an increase of €21.6B-€21.9B for fiscal 2025, representing a year-over-year rise of 26%-28% in constant currency. Additionally, the company demonstrated resilience with an anticipated growth in non-IFRS operating profit to €10.3B-€10.6B and a projected free cash flow of €8.0B-€8.2B, both reflecting consistent performance and investor confidence. Finally, SAP's current cloud backlog growth of 25% in Q4 and strong performance across key global regions further underscores the company's capacity for sustained revenue acceleration and profitability through 2027.
Bears say
The negative outlook on SAP's stock is influenced by recent disappointing financial performance, with the company reporting 4Q25 total revenue of €9.68 billion, falling short of consensus expectations, and experiencing its slowest cloud backlog growth in nine quarters at 25%. Additionally, the company's forecasts for 2026 indicate lower-than-anticipated cloud revenue and operating profit, further contributing to concerns about growth as current estimates have been revised downward. Factors such as pricing pressure, market share losses in enterprise applications, and geopolitical tensions are expected to exacerbate these challenges, leading to a more pronounced slowdown than previously anticipated.
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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