SAP SE's stock price fell by 3.01% during regular trading, hitting a 20-day low. This decline occurs amid broader market weakness, with the Nasdaq-100 down 0.37% and the S&P 500 down 0.12%. The stock's performance suggests sector rotation as investors react to the overall market conditions.
The drop in SAP's stock price reflects a challenging environment for technology stocks, as investors are cautious amid mixed economic signals. The broader market's decline indicates a shift in investor sentiment, which may be impacting SAP's performance despite its strong fundamentals.
Investors will be closely monitoring SAP's upcoming earnings report, which could provide further insights into the company's performance and outlook. The current market conditions may lead to increased volatility in the stock as traders react to both company-specific news and broader economic trends.
Wall Street analysts forecast SAP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SAP is 297.01 USD with a low forecast of 30.28 USD and a high forecast of 401.93 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
Wall Street analysts forecast SAP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SAP is 297.01 USD with a low forecast of 30.28 USD and a high forecast of 401.93 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 233.940
Low
30.28
Averages
297.01
High
401.93
Current: 233.940
Low
30.28
Averages
297.01
High
401.93
Jefferies
Charles Brennan
Buy
maintain
€290
2026-01-20
Reason
Jefferies
Charles Brennan
Price Target
€290
AI Analysis
2026-01-20
maintain
Buy
Reason
Jefferies analyst Charles Brennan says that while SAP is trading 15% above prior trough valuations, for a company growing recurring revenue near 15%, a "trough in sight." Software sentiment "has rarely been lower, with AI casting a shadow of uncertainty for the sector," the analyst tells investors in a research note. Jefferies believes SAP is a "higher-quality business now than at any time in the past." The company's higher recurring revenue brings greater levels of visibility which should support more favorable multiples, the firm adds. Jefferies as a Buy rating on SAP with an EUR 290 price target.
Citi
Balajee Tirupati
Buy
downgrade
2025-12-11
Reason
Citi
Balajee Tirupati
Price Target
2025-12-11
downgrade
Buy
Reason
Citi analyst Balajee Tirupati lowered the firm's price target on SAP to EUR 280 from EUR 295 and keeps a Buy rating on the shares.
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Arete
Neutral -> Buy
upgrade
$270
2025-12-11
Reason
Arete
Price Target
$270
2025-12-11
upgrade
Neutral -> Buy
Reason
Arete upgraded SAP to Buy from Neutral with a EUR 270 price target.
JPMorgan
Toby Ogg
Overweight
downgrade
2025-12-04
Reason
JPMorgan
Toby Ogg
Price Target
2025-12-04
downgrade
Overweight
Reason
JPMorgan analyst Toby Ogg lowered the firm's price target on SAP to EUR 290 from EUR 310 and keeps an Overweight rating on the shares.
About SAP
SAP SE (SAP) is a Germany-based company. The Company provides business application software. It operates through three segments: Applications, Technology and Services, which engages in the sale of software licenses, subscriptions to its cloud-based applications and related services, primarily support services and various professional services, and support services, as well as implementation services for its software products and educational services on the use of its products; the SAP Business Network segment, which includes its cloud-based collaborative business networks and services related to the SAP Business Network, including cloud applications, professional services and educational services, as well as the Company markets and sells cloud offerings developed by SAP Ariba, SAP Fieldglass and Concur; and the Customer Experience segment, which comprises on-premise and cloud-based products that execute front office functions across the entire customer experience.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
