Erste Group Bank Issues Optimistic Estimate for SAP Earnings

SAP SE (NYSE:SAP) – Equities researchers at Erste Group Bank raised their FY2026 EPS estimates for shares of SAP in a research note issued to investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now forecasts that the software maker will earn $7.94 per share for the year, up from their previous forecast of $7.92. The consensus estimate for SAP’s current full-year earnings is $7.97 per share. Erste Group Bank also issued estimates for SAP’s FY2027 earnings at $9.36 EPS.

A number of other equities research analysts have also recently commented on SAP. BMO Capital Markets raised their price target on SAP from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research note on Friday, August 21st. Barclays upped their price objective on SAP from $243.00 to $288.00 and gave the company an “overweight” rating in a research report on Friday. Citigroup reaffirmed a “buy” rating on shares of SAP in a research note on Friday. Finally, UBS Group cut shares of SAP from a “buy” rating to a “neutral” rating in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and an average price target of $258.83.

SAP Price Performance

Shares of SAP stock opened at $236.04 on Wednesday. The company has a market cap of $289.98 billion, a price-to-earnings ratio of 28.82 and a beta of 1.13. SAP has a 1 year low of $144.97 and a 1 year high of $273.40. The firm has a fifty day moving average price of $216.68 and a 200-day moving average price of $192.60.

Institutional Trading of SAP

Several large investors have recently made changes to their positions in SAP. Arrowstreet Capital Limited Partnership purchased a new stake in SAP in the 1st quarter worth approximately $150,701,000. Ruane Cunniff & Goldfarb L.P. grew its position in shares of SAP by 1,532.8% during the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock valued at $128,392,000 after acquiring an additional 703,982 shares during the period. Bank of America Corp DE raised its holdings in SAP by 15.9% in the 1st quarter. Bank of America Corp DE now owns 2,018,383 shares of the software maker’s stock worth $345,567,000 after purchasing an additional 276,263 shares during the period. Tidal Investments LLC increased its position in shares of SAP by 18.5% in the second quarter. Tidal Investments LLC now owns 1,214,315 shares of the software maker’s stock valued at $187,138,000 after buying an additional 189,591 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in SAP by 48.2% in the 1st quarter. Principal Financial Group Inc. now owns 550,531 shares of the software maker’s stock worth $94,257,000 after acquiring an additional 179,040 shares in the last quarter.

SAP News Summary

Here are the key news stories impacting SAP this week:

• Positive Sentiment: Higher earnings forecasts: Erste Group Bank raised its SAP FY2026 earnings estimate to $7.94 per share from $7.92 and increased its FY2027 forecast to $9.36 from $9.32. The modest upward revisions reinforce expectations for continued earnings growth, with the FY2027 estimate also above the current-year consensus of $7.97. MarketBeat SAP analyst estimates
• Positive Sentiment: AI product expansion at TechEd 2026: SAP unveiled enhancements to Joule Studio, Joule Work and the SAP Business AI Platform, including a tabular foundation model, richer business-data context and stronger governance controls. The initiatives are intended to help customers build AI agents that can execute workflows autonomously, supporting SAP’s long-term cloud and recurring-revenue strategy. SAP AI developer announcements
• Positive Sentiment: Broader AI ecosystem momentum: Coverage highlighted SAP’s effort to make Joule run business workflows rather than merely answer questions. New or expanded solution extensions from Redwood Software and Parloa, along with partner activity involving Definity and Semos Cloud, could increase adoption of SAP’s AI and data-integration offerings. SAP Joule workflow strategy
• Neutral Sentiment: Training and demonstrations: SAP India plans to train two million people in AI skills by 2030, while an Intel-SAP robotics demonstration in China showcased potential industrial applications. These developments strengthen ecosystem visibility but are longer-term opportunities rather than immediate revenue catalysts. SAP India AI training initiative

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP originally developed software to help businesses integrate accounting and operational data. The company has since become a major provider of cloud-based business applications and enterprise technology.

SAP’s portfolio includes enterprise resource planning software, including SAP S/4HANA Cloud, along with solutions for finance, procurement, supply chain management, human resources, customer experience and business analytics.