
SAP SE (SAP) Stock Forecast & Price Target
SAP SE (SAP) Analyst Ratings
Bulls say
SAP's strong market position is underscored by a significant increase in cloud revenue expectations, with projections for 2025 ranging from €21.6B to €21.9B, reflecting a constant currency growth rate of 26%-28%. Furthermore, the company has demonstrated resilience in its operating profit, with guidance for a non-IFRS operating profit of €10.3B to €10.6B, indicating robust growth potential of 26%-30% in constant currency. Additionally, SAP's commitment to enhancing cash flow is evident, with an anticipated free cash flow of €8.0B to €8.2B, continuing to surpass consensus estimates and providing a strong foundation for future operational investments.
Bears say
SAP's recent financial results have prompted a negative outlook due to a noticeable slowdown in cloud backlog growth, which reached only 25% in constant currency, falling short of the expected 26% and marking the slowest rate in nine quarters. Furthermore, projected revised estimates for non-IFRS EPS in 2026 and 2027 have been lowered below consensus forecasts, indicating a weakening growth trajectory with total revenue expectations also being reduced. The company faces potential pricing pressures and market share losses in its enterprise applications business, exacerbated by geopolitical tensions and a shift in customer preferences towards Sovereign SaaS options.
This aggregate rating is based on analysts' research of SAP SE and is not a guaranteed prediction by Public.com or investment advice.
SAP SE (SAP) Analyst Forecast & Price Prediction
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