Recent Research Analysts’ Ratings Changes for SAP (SAP)

A number of firms have modified their ratings and price targets on shares of SAP (NYSE: SAP) recently:

• 10/15/2026 – SAP had its “buy” rating reaffirmed by TD Cowen.
• 10/13/2026 – SAP had its price target raised by Barclays PLC from $242.00 to $243.00. They now have an “overweight” rating on the stock.
• 10/8/2026 – SAP was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 10/8/2026 – SAP had its price target raised by BMO Capital Markets from $177.00 to $235.00. They now have an “outperform” rating on the stock.
• 9/22/2026 – SAP had its “buy” rating reaffirmed by Jefferies Financial Group Inc.. They now have a $260.00 price target on the stock.
• 9/22/2026 – SAP had its “buy” rating reaffirmed by Citigroup Inc..
• 9/22/2026 – SAP had its “buy” rating reaffirmed by Jefferies Financial Group Inc..
• 9/10/2026 – SAP was given a new $265.00 price target by Argus.
• 8/27/2026 – SAP had its “buy” rating reaffirmed by Citigroup Inc..
• 8/26/2026 – SAP was downgraded by UBS Group AG from “buy” to “neutral”.
• 8/21/2026 – SAP had its “overweight” rating reaffirmed by Morgan Stanley.

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.