
SAP SE (SAP) Stock Forecast & Price Target
SAP SE (SAP) Analyst Ratings
Bulls say
SAP's growing adoption of its S/4HANA platform is evidenced by 59% of companies now fully or partially live on the software, reflecting a significant 13 percentage point increase from the previous year. The company’s 2026 guidance indicates substantial growth prospects, forecasting cloud revenue of €25.8B-€26.2B (up 23-25% in constant currency) and a non-IFRS operating profit between €11.9B and €12.3B (up 14-18% in constant currency), alongside a positive free cash flow projection of €10B. These metrics, combined with SAP's ability to outperform peers and maintain a strong backlog growth, underpin a confident outlook for the company’s stock trajectory.
Bears say
SAP experienced disappointing financial results in 4Q25, with total revenue of €9.68 billion falling short of the consensus estimate of €9.75 billion, alongside a slowdown in current cloud backlog growth to 25%, the slowest rate in nine quarters. Additionally, projections for non-IFRS earnings per share (EPS) for 2026 and 2027 have been lowered, indicating a decline in expected profitability, while guidance for cloud and software revenue also remains below market expectations. The company's potential challenges, including pricing pressure and a shift towards alternative SaaS options by clients amidst geopolitical tensions, further contribute to an unfavorable 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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