BMO Capital Markets Forecasts Strong Price Appreciation for SAP (NYSE:SAP) Stock

SAP (NYSE:SAP) had its target price upped by equities research analysts at BMO Capital Markets from $175.00 to $177.00 in a report issued on Friday, MarketBeat Ratings reports. The firm currently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ price target points to a potential upside of 10.65% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. The Goldman Sachs Group reissued a “buy” rating and issued a $265.00 target price on shares of SAP in a research note on Wednesday, June 10th. Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a report on Friday, April 24th. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Piper Sandler downgraded shares of SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. Finally, HSBC raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

SAP Stock Performance

Shares of NYSE:SAP opened at $159.97 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. The business’s fifty day moving average price is $165.59 and its two-hundred day moving average price is $184.44. SAP has a fifty-two week low of $144.97 and a fifty-two week high of $299.48. The stock has a market capitalization of $196.52 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.84 and a beta of 1.14.

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

Institutional Trading of SAP

A number of institutional investors and hedge funds have recently modified their holdings of SAP. Fisher Asset Management LLC grew its holdings in SAP by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker’s stock valued at $3,577,793,000 after purchasing an additional 179,550 shares during the period. Bank of America Corp DE raised its holdings in SAP by 58.1% in the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after purchasing an additional 973,779 shares during the period. Windacre Partnership LLC boosted its position in shares of SAP by 130.9% during the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after purchasing an additional 1,336,325 shares in the last quarter. Northern Trust Corp grew its holdings in shares of SAP by 3.2% in the 3rd quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock valued at $417,113,000 after buying an additional 49,111 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of SAP by 7.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker’s stock valued at $291,498,000 after buying an additional 83,349 shares in the last quarter.

SAP News Summary

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.