BMO Capital Markets Has Lowered Expectations for SAP (NYSE:SAP) Stock Price

SAP (NYSE:SAP) had its price objective lowered by research analysts at BMO Capital Markets from $210.00 to $200.00 in a report released on Friday, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ target price indicates a potential upside of 14.22% from the company’s previous close.

A number of other equities research analysts have also commented on SAP. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of SAP in a research report on Friday, January 30th. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Citizens Jmp lowered SAP from an “outperform” rating to a “market perform” rating in a research report on Friday, January 30th. Finally, Zacks Research lowered SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, SAP has an average rating of “Moderate Buy” and a consensus target price of $287.75.

SAP Trading Up 7.3%

Shares of NYSE SAP opened at $175.10 on Friday. SAP has a one year low of $160.66 and a one year high of $313.28. The firm has a market capitalization of $215.11 billion, a PE ratio of 23.66, a PEG ratio of 1.83 and a beta of 1.24. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $183.50 and a two-hundred day moving average price of $222.34.

SAP (NYSE:SAP) last announced its quarterly earnings data on Thursday, April 23rd. The software maker reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.07. SAP had a return on equity of 17.62% and a net margin of 20.08%.The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $11.21 billion. During the same period last year, the company posted $1.52 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, analysts predict that SAP will post 8.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SAP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CX Institutional boosted its holdings in shares of SAP by 2.0% during the 3rd quarter. CX Institutional now owns 1,961 shares of the software maker’s stock worth $524,000 after buying an additional 38 shares during the period. Kathmere Capital Management LLC boosted its holdings in shares of SAP by 1.0% during the 3rd quarter. Kathmere Capital Management LLC now owns 4,019 shares of the software maker’s stock worth $1,074,000 after buying an additional 40 shares during the period. Binnacle Investments Inc boosted its holdings in shares of SAP by 14.2% during the 3rd quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock worth $90,000 after buying an additional 42 shares during the period. Spire Wealth Management boosted its holdings in shares of SAP by 6.2% during the 4th quarter. Spire Wealth Management now owns 740 shares of the software maker’s stock worth $180,000 after buying an additional 43 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of SAP by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock worth $1,355,000 after buying an additional 43 shares during the period.

Key Headlines Impacting SAP

Here are the key news stories impacting SAP this week:

• Positive Sentiment: Q1 results beat and cloud momentum — SAP reported $1.99 EPS vs. $1.92 expected, IFRS operating profit +17%, and strong cloud metrics: cloud revenue +27% at constant currencies and current cloud backlog €21.9bn (+25% CC). This underpins revenue visibility and margin improvement. SAP Quarterly Statement Q1 2026
• Positive Sentiment: Market coverage highlights the beat and cloud strength — multiple outlets report the cloud-driven rebound and link it to the stock move, reinforcing investor confidence. SAP stock surges on cloud performance
• Positive Sentiment: Analyst upgrade / bullish write-ups — Seeking Alpha upgraded SAP to Buy citing accelerating cloud revenue and improving operating margins, which supports more bullish investor sentiment. SAP upgrade article
• Positive Sentiment: Management and CEO positioning on AI — CEO comments emphasizing SAP’s AI readiness and differentiated ERP positioning help calm sector AI fears and support the narrative that SAP can capture enterprise AI spend. CEO AI remarks
• Neutral Sentiment: Analyst consensus and long-term targets still varied — coverage ranges from trimmed near-term targets to high long-term price targets (average reported around $297), reflecting differing views on valuation vs. growth runway. Brokerage targets
• Negative Sentiment: Short interest rose sharply in April — short interest increased ~31.6% month-over-month to ~7.56M shares (≈0.7% of float). That shows some investor skepticism and could pressure the stock if sentiment weakens. (Short-interest ratio ≈2.4 days.)
• Negative Sentiment: Price-target trim from BMO — BMO lowered its target from $210 to $200 (still an outperform), a modest near-term downgrade that may temper upside in the near term. BMO note
• Negative Sentiment: Pre-earnings target trims — some analysts trimmed targets ahead of Q1, highlighting lingering concerns about sector headwinds and valuation that could limit momentum despite the beat. Analyst trims

About SAP

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.