SAP trades 55.1% below Wall Street's consensus target of $240.67.
Last 12 months price action with 12-month analyst target path
The base valuation assumes SAP achieves its forward estimates and maintains a stable P/E multiple of 21.2x. This scenario reflects the blended consensus of 43 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of June 21, 2026, SAP SE (SAP) has a Wall Street consensus price target of $240.67, based on estimates from 43 covering analysts. With the stock currently trading at $155.22, this represents a potential upside of +55.1%. The company has a market capitalization of $180.87B.
Analyst price targets range from a low of $200.00 to a high of $265.00, representing a 27% spread in expectations. The median target of $257.00 differs from the mean, suggesting potential outlier estimates.
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 22.5x and forward P/E of 21.2x. The forward PEG ratio of 3.20 reflects a premium valuation. Analysts expect EPS to grow +22.2% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $183.50, with bear and bull scenarios of $115.61 and $241.79 respectively. Model confidence stands at 53/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
ORCLOracle Corporation | $530.1B | $184.31 | $253.50 | +37.5% | Buy | 22.9x | 86 |
MSFTMicrosoft Corporation | $2.8T | $379.40 | $551.96 | +45.5% | Buy | 22.6x | 82 |
NOWServiceNow, Inc. | $98.5B | $95.04 | $150.26 | +58.1% | Buy | 22.9x | 69 |
INTUIntuit Inc. | $73.0B | $267.00 | $452.94 | +69.6% | Buy | 11.2x | 45 |
ADSKAutodesk, Inc. | $40.9B | $193.82 | $316.09 | +63.1% | Buy | 15.4x | 51 |
CRMSalesforce, Inc. | $124.3B | $151.78 | $265.75 | +75.1% | Buy | 12.9x | 97 |
WDAYWorkday, Inc. | $30.6B | $116.93 | $182.58 | +56.1% | Buy | 10.9x | 81 |
CDNSCadence Design Systems, Inc. | $107.0B | $387.39 | $412.83 | +6.6% | Buy | 48.8x | 31 |
VEEVVeeva Systems Inc. | $24.9B | $153.30 | $235.38 | +53.5% | Buy | 16.9x | 43 |
HUBSHubSpot, Inc. | $9.0B | $176.03 | $285.14 | +62.0% | Buy | 13.4x | 47 |
Quick answers to the most common questions about buying SAP stock.
The consensus Wall Street price target for SAP is $240.67, representing 55.1% upside from the current price of $155.22. With 43 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
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 $240.67 implies 55.1% upside from current levels.
SAP trades at a forward P/E of 21.1535x, representing a moderate valuation. With analysts targeting $240.67 (55.1% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $265 for SAP, while the most conservative target is $200. The consensus of $240.67 represents the median expectation. Our quantitative valuation model projects a bull case target of $242 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
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.
The 12-month SAP stock forecast based on 43 Wall Street analysts shows a consensus price target of $240.67, with estimates ranging from $200 (bear case) to $265 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $184, with bear/bull scenarios of $116/$242.
Our quantitative valuation model calculates SAP's fair value at $184 (base case), with a bear case of $116 and bull case of $242. 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 53/100.
SAP trades at a forward P/E ratio of 21.2x based on next-twelve-months earnings estimates compared to a trailing P/E of 22.5x. 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.
Wall Street analysts are very optimistic on SAP, with a "Buy" consensus rating and $240.67 price target (55.1% 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.
SAP analyst price targets range from $200 to $265, a 27% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $240.67 consensus represents the middle ground. Our model's $116-$242 range provides an independent fundamental perspective.
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