SAP (NYSE:SAP) Shares Gap Up on Analyst Upgrade

Shares of SAP SE (NYSE:SAP) gapped up prior to trading on Friday after BMO Capital Markets raised their price target on the stock from $175.00 to $177.00. The stock had previously closed at $146.38, but opened at $153.75. BMO Capital Markets currently has an outperform rating on the stock. SAP shares last traded at $156.8110, with a volume of 1,382,862 shares traded.

SAP has been the topic of a number of other research reports. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. The Goldman Sachs Group restated a “buy” rating and issued a $265.00 price target on shares of SAP in a research note on Wednesday, June 10th. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. Santander raised shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. Finally, TD Cowen cut their price target on shares of SAP from $230.00 to $210.00 and set a “buy” rating for the company in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

Trending Headlines about SAP

Here are the key news stories impacting SAP this week:

• Positive Sentiment: SAP reported solid Q2 revenue growth and strong cloud demand, including current cloud backlog up 27% and cloud revenue up 22%, which reassured investors that the company’s core growth engine remains intact. SAP Shares Jump After Strong Quarter Reassures Investors of Cloud Business Resilience
• Positive Sentiment: BMO Capital Markets raised its price target on SAP to $177 and kept an outperform rating, signaling confidence that the stock can recover further from its recent selloff. SAP price target raised by BMO Capital Markets
• Positive Sentiment: Several reports framed SAP as an AI beneficiary rather than a victim of AI disruption, with analysts pointing to earnings strength and accelerating revenue as reasons investors may rotate back into the name. SAP shrugs off fears of AI eating software with big earnings beat
• Neutral Sentiment: SAP CFO Dominik Asam said most companies are still using AI mainly for basic tasks, suggesting enterprise AI adoption is early and may take time to become a major growth driver. SAP’s Dominik Asam says companies mostly use AI for basics
• Neutral Sentiment: Market chatter around unusually high options volume and broader commentary on SAP’s earnings call reflect elevated trading interest, but do not by themselves change the fundamentals. SAP Sees Unusually High Options Volume
• Negative Sentiment: SAP lowered its 2026 operating profit outlook, saying AI-related acquisitions such as Dremio and Prior Labs will dilute earnings in the near term, which pressured sentiment. SAP Quarterly Statement Q2 2026
• Negative Sentiment: The company missed Q2 EPS and revenue estimates, and Wall Street highlighted slowing operating profit growth, reinforcing concerns that heavy AI spending could weigh on margins before benefits show up. SAP Second-Quarter Revenue Up on Cloud Business Results, Operating Profit Guidance Lowered on Slowing Growth

Institutional Investors Weigh In On SAP

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dara Capital US Inc. purchased a new position in SAP during the 4th quarter valued at about $3,342,000. Dash Acquisitions Inc. grew its position in shares of SAP by 8.7% in the fourth quarter. Dash Acquisitions Inc. now owns 78,880 shares of the software maker’s stock valued at $19,161,000 after purchasing an additional 6,315 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of SAP by 59.7% in the first quarter. Sequoia Financial Advisors LLC now owns 18,091 shares of the software maker’s stock valued at $3,097,000 after purchasing an additional 6,763 shares during the last quarter. Rock Point Advisors LLC increased its stake in shares of SAP by 66.5% during the 4th quarter. Rock Point Advisors LLC now owns 33,569 shares of the software maker’s stock worth $8,154,000 after purchasing an additional 13,413 shares in the last quarter. Finally, Sterling Investment Management LLC acquired a new position in shares of SAP during the 4th quarter worth approximately $1,512,000.

SAP Trading Up 7.4%

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average of $165.78 and a 200-day moving average of $184.61. The stock has a market cap of $193.19 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 1.71 and a beta of 1.14.

SAP (NYSE:SAP) last released its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The company had revenue of $11.06 billion during the quarter. On average, analysts anticipate that SAP SE will post 8.28 EPS for the current year.

SAP Company Profile

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.