SAP (NYSE:SAP) Price Target Raised to $177.00

SAP (NYSE:SAP) had its price objective increased by BMO Capital Markets from $175.00 to $177.00 in a research note issued to investors on Friday morning, MarketBeat Ratings reports. The firm currently has an outperform rating on the software maker’s stock.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. Weiss Ratings downgraded shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. TD Cowen reduced their price target on shares of SAP from $230.00 to $210.00 and set a “buy” rating for the company in a report on Friday, July 17th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $265.00 price objective on shares of SAP in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, SAP currently has an average rating of “Moderate Buy” and an average price target of $267.00.

SAP Stock Performance

SAP stock opened at $159.97 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $196.52 billion, a PE ratio of 20.10, a P/E/G ratio of 1.84 and a beta of 1.14. The company has a 50 day moving average price of $165.59 and a 200-day moving average price of $184.04. SAP has a fifty-two week low of $144.97 and a fifty-two week high of $299.48.

SAP (NYSE:SAP) last announced its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. The company had revenue of $11.06 billion for the quarter. SAP had a return on equity of 17.16% and a net margin of 20.88%. As a group, equities analysts forecast that SAP will post 8.26 earnings per share for the current year.

Hedge Funds Weigh In On SAP

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC raised its position in shares of SAP by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after purchasing an additional 58 shares during the last quarter. Bayban purchased a new position in shares of SAP in the fourth quarter worth $28,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of SAP by 758.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock worth $35,000 after buying an additional 129 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its stake in shares of SAP by 83.8% during the second quarter. Riggs Asset Managment Co. Inc. now owns 147 shares of the software maker’s stock worth $45,000 after buying an additional 67 shares during the period. Finally, American National Bank & Trust increased its position in shares of SAP by 641.7% in the 4th quarter. American National Bank & Trust now owns 178 shares of the software maker’s stock valued at $43,000 after acquiring an additional 154 shares during the period.

Key Headlines Impacting SAP

Here are the key news stories impacting SAP this week:

• Positive Sentiment: SAP delivered solid Q2 results, with total revenue up about 9% year over year, cloud revenue up more than 20%, and current cloud backlog rising sharply, reinforcing confidence in the company’s long-term growth engine. SAP Quarterly Statement Q2 2026
• Positive Sentiment: Management said SAP’s AI strategy and cloud momentum are supporting demand, with analysts and media reports noting that strong backlog growth helped offset concerns that AI could disrupt enterprise software. SAP Q2 Earnings Up Y/Y on Cloud Demand, Buyouts Impact Profit Outlook
• Positive Sentiment: BMO Capital Markets raised its price target on SAP and kept an outperform rating, suggesting Wall Street still sees upside after the earnings release. Benzinga / The Fly report
• Neutral Sentiment: Several reports highlighted SAP’s message that AI must move beyond basic chatbots and into more complex enterprise workflows before it creates meaningful returns, underscoring both opportunity and execution risk. Reuters SAP CFO AI comments
• Negative Sentiment: SAP lowered its 2026 operating profit outlook because AI acquisitions and related spending are weighing on earnings, which may cap near-term margin expansion even as revenue trends improve. SAP Cuts 2026 Operating Profit Outlook
• Negative Sentiment: Investors are also weighing the earnings miss versus expectations, as SAP’s quarterly EPS came in below consensus despite the strong cloud performance. SAP quarterly earnings report

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.