Analysts’ Recent Ratings Updates for SAP (SAP)

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

• 7/27/2026 – SAP had its price target lowered by Barclays PLC from $255.00 to $242.00. They now have an “overweight” rating on the stock.
• 7/24/2026 – SAP had its “buy” rating reaffirmed by TD Cowen.
• 7/24/2026 – SAP had its “market perform” rating reaffirmed by Oppenheimer Holdings, Inc..
• 7/24/2026 – SAP was downgraded by Jefferies Financial Group Inc. from “strong-buy” to “hold”.
• 7/24/2026 – SAP had its price target raised by BMO Capital Markets from $175.00 to $177.00. They now have an “outperform” rating on the stock.
• 7/21/2026 – SAP had its price target lowered by Barclays PLC from $257.00 to $255.00. They now have an “overweight” rating on the stock.
• 7/17/2026 – SAP had its price target lowered by TD Cowen from $230.00 to $210.00. They now have a “buy” rating on the stock.
• 7/16/2026 – SAP was downgraded by Weiss Ratings from “hold (c)” to “hold (c-)”.
• 6/30/2026 – SAP was upgraded by Weiss Ratings from “hold (c-)” to “hold (c)”.
• 6/11/2026 – SAP was downgraded by Weiss Ratings from “hold (c)” to “hold (c-)”.
• 6/10/2026 – SAP had its “buy” rating reaffirmed by The Goldman Sachs Group, Inc.. They now have a $265.00 price target on the stock.

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.