SAP SE (SAP) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$172.39
Price Target
$391.67
Target Range
$200.00 — $718.00
Analyst Rating
Buy
Forward P/E23.5x
Trailing P/E24.5x
Forward PEG3.55
Implied Growth+22.3%
Median Target$257.00
Analyst Spread132.3%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$200
+16.0%
Consensus
$392
+127.2%
Bull Case
$718
+316.5%
Valuation Model TargetsConfidence: 67/100
Bear$81
Base$179
Bull$203
SAP Price Target Analysis
Updated May 6, 2026As of May 6, 2026, SAP SE (SAP) has a Wall Street consensus price target of $391.67, based on estimates from 43 covering analysts. With the stock currently trading at $172.39, this represents a potential upside of +127.2%. The company has a market capitalization of $200.87B.
Analyst price targets range from a low of $200.00 to a high of $718.00, representing a 132% spread in expectations. The median target of $257.00 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 22 analysts rating the stock as a Buy or Strong Buy,14 rating it Hold, and 7 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, SAP trades at a trailing P/E of 24.5x and forward P/E of 23.5x. The forward PEG ratio of 3.55 reflects a premium valuation. Analysts expect EPS to grow +22.3% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $178.52, with bear and bull scenarios of $81.05 and $202.56 respectively. Model confidence stands at 67/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+46.3%
Avg Forward P/E22.1x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 ORCLOracle Corporation | $533.2B | $185.45 | $257.19 | +38.7% | Buy | 24.8x | 86 |
 MSFTMicrosoft Corporation | $3.1T | $411.35 | $551.75 | +34.1% | Buy | 24.8x | 81 |
 NOWServiceNow, Inc. | $95.3B | $92.01 | $151.52 | +64.7% | Buy | 22.1x | 68 |
 INTUIntuit Inc. | $111.2B | $398.32 | $666.75 | +67.4% | Buy | 17.2x | 43 |
 ADSKAutodesk, Inc. | $53.4B | $249.43 | $338.00 | +35.5% | Buy | 20.1x | 51 |
 CRMSalesforce, Inc. | $179.9B | $186.99 | $287.00 | +53.5% | Buy | 15.9x | 97 |
 WDAYWorkday, Inc. | $33.9B | $128.88 | $197.90 | +53.6% | Buy | 12.3x | 80 |
 CDNSCadence Design Systems, Inc. | $97.6B | $353.63 | $370.83 | +4.9% | Buy | 44.5x | 31 |
 VEEVVeeva Systems Inc. | $27.8B | $171.15 | $280.10 | +63.7% | Buy | 19.3x | 42 |
 HUBSHubSpot, Inc. | $12.7B | $246.08 | $360.89 | +46.7% | Buy | 19.8x | 47 |
Upside Potential Comparison
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Start ComparisonSAP — Frequently Asked Questions
Quick answers to the most common questions about buying SAP stock.
What is the SAP stock price target for 2026?
The consensus Wall Street price target for SAP is $391.67, representing 127.2% upside from the current price of $172.39. With 43 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is SAP a buy, sell, or hold?
SAP has a consensus rating of "Buy" based on 43 Wall Street analysts. The rating breakdown is predominantly bullish, with 22 Buy/Strong Buy ratings. The consensus 12-month price target of $391.67 implies 127.2% upside from current levels.
Is SAP stock overvalued or undervalued?
SAP trades at a forward P/E of 23.4736x, representing a moderate valuation. With analysts targeting $391.67 (127.2% implied move), the stock appears reasonably valued with upside.
How high can SAP stock go?
The most bullish Wall Street analyst has a price target of $718 for SAP, while the most conservative target is $200. The consensus of $391.67 represents the median expectation. Our quantitative valuation model projects a bull case target of $203 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover SAP stock?
SAP is heavily covered by Wall Street, with 43 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 22 have Buy ratings, 14 recommend Hold, and 7 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the SAP stock forecast?
The 12-month SAP stock forecast based on 43 Wall Street analysts shows a consensus price target of $391.67, with estimates ranging from $200 (bear case) to $718 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $179, with bear/bull scenarios of $81/$203.
What is SAP's fair value based on fundamentals?
Our quantitative valuation model calculates SAP's fair value at $179 (base case), with a bear case of $81 and bull case of $203. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 67/100.
What is SAP's forward P/E ratio?
SAP trades at a forward P/E ratio of 23.5x based on next-twelve-months earnings estimates compared to a trailing P/E of 24.5x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy SAP stock?
Wall Street analysts are very optimistic on SAP, with a "Buy" consensus rating and $391.67 price target (127.2% upside). 22 of 43 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do SAP price targets vary so much?
SAP analyst price targets range from $200 to $718, a 132% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $391.67 consensus represents the middle ground. Our model's $81-$203 range provides an independent fundamental perspective.