
SAP SE (SAP) Stock Forecast & Price Target
SAP SE (SAP) Analyst Ratings
Bulls say
SAP's positive outlook is supported by robust growth in its cloud revenue, with projected figures for fiscal 2025 between €21.6B and €21.9B, reflecting a year-over-year increase of 26%-28% in constant currency. The company also anticipates an increase in free cash flow to between €8.0B and €8.2B, demonstrating strong operational performance and an enhanced ability to generate cash. Furthermore, SAP's guidance for 2026 indicates continued revenue growth, with cloud revenue expected to rise by 23%-25%, underscoring its leadership position in the enterprise application software market and its capacity to acquire new customers while strengthening relationships with existing ones.
Bears say
SAP's recent financial reports indicate a downturn in key performance metrics, notably a decline in current cloud backlog growth to 25% in constant currency, which marks the slowest growth rate in nine quarters. Additionally, the company's revenue forecasts for 2026 and 2027 have been reduced, with non-IFRS EPS estimates lowered to €6.84 and €7.41, respectively, falling short of consensus expectations. These developments suggest increasing pricing pressure and potential market share losses in SAP's enterprise applications business, leading to a negative outlook for its 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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