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:

• 2/8/2026 – SAP was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating.
• 2/4/2026 – SAP was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating.
• 2/3/2026 – SAP was upgraded by analysts at Santander to a “neutral” rating.
• 2/3/2026 – SAP is now covered by analysts at Piper Sandler. They set an “overweight” rating on the stock.
• 2/2/2026 – SAP was given a new $283.00 price target on by analysts at Barclays PLC.
• 1/31/2026 – SAP was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating.
• 1/30/2026 – SAP had its “buy” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft.
• 1/30/2026 – SAP had its “outperform” rating reaffirmed by analysts at BMO Capital Markets.
• 1/30/2026 – SAP had its “buy” rating reaffirmed by analysts at TD Cowen.
• 1/30/2026 – SAP was given a new $245.00 price target on by analysts at BMO Capital Markets.
• 1/30/2026 – SAP was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “hold” rating.
• 1/30/2026 – SAP was downgraded by analysts at Citizens Jmp from an “outperform” rating to a “market perform” rating.
• 1/28/2026 – SAP had its “buy (b-)” rating reaffirmed by analysts at Weiss Ratings.
• 1/20/2026 – SAP was upgraded by analysts at HSBC Holdings plc to a “hold” rating.
• 12/11/2025 – SAP had its “buy” rating reaffirmed by analysts at Citigroup Inc..
• 12/11/2025 – SAP was upgraded by analysts at Arete Research to a “strong-buy” rating.

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.