SAP (SAP) Stock Price Target 2026

The average analyst price target for SAP is $266.50, 11.0% above the current price. Of 11 analysts, 9 rate it Buy and 2 Hold. Targets range from $207 to $375. The latest change came on Oct 23, 2026, when Barclays raised its price target on SAP from $243 to $288 and kept an Overweight rating.

The Average Analyst Price Target for SAP is $266.50.

Price Target Range — 11 Quarters

Analyst Consensus — 11 Analysts

1S.Buy

8Buy

2Hold

Consensus RatingBuy# Analysts11Avg. Consensus PT$266.50Upside to Avg. PT+11.0%

Rating Trend — Last 9 Months

Latest Upgrades and Downgrades for SAP Stock

See all ratings →

Date	Firm	Analyst	Action	Rating Change	Price Target
Oct 23, 2026	Barclays	Raimo Lenschow	PT Raise	Overweight	$243→$288
Oct 22, 2026	BMO Capital	Keith Bachman	PT Raise	Outperform	$235→$265
Oct 13, 2026	Barclays	Raimo Lenschow	PT Raise	Overweight	$242→$243
Oct 8, 2026	BMO Capital	Keith Bachman	PT Raise	Outperform	$177→$235
Aug 26, 2026	UBS	Michael Briest	Downgrade	Buy→Neutral	—
Jul 27, 2026	Barclays	Raimo Lenschow	PT Cut	Overweight	$255→$242
Jul 24, 2026	BMO Capital	Keith Bachman	PT Raise	Outperform	$175→$177
Jul 21, 2026	Barclays	Raimo Lenschow	PT Cut	Overweight	$257→$255
Jul 17, 2026	TD Cowen	Derrick Wood	PT Cut	Buy	$230→$210
Apr 27, 2026	Barclays	Raimo Lenschow	PT Raise	Overweight	$256→$257
Apr 24, 2026	BMO Capital	Keith Bachman	PT Cut	Outperform	$210→$200
Apr 21, 2026	Barclays	Raimo Lenschow	PT Cut	Overweight	$283→$256
Apr 13, 2026	BMO Capital	Keith Bachman	PT Cut	Outperform	$245→$210
Mar 24, 2026	JP Morgan	Toby Ogg	Downgrade	Overweight→Neutral	—
Oct 24, 2025	Argus Research	Joseph Bonner	Maintained	Buy	$320
Oct 24, 2025	Barclays	Raimo Lenschow	PT Raise	Overweight	$322→$348
Oct 23, 2025	JMP Securities	Patrick Walravens	Maintained	Market Outperform	$375
Oct 23, 2025	BMO Capital	Keith Bachman	PT Cut	Outperform	$330→$320
Jul 25, 2025	Barclays	Raimo Lenschow	PT Raise	Overweight	$308→$322
Jul 23, 2025	JMP Securities	Patrick Walravens	PT Raise	Market Outperform	$330→$375