SAP (SAP) Stock Analysis & Forecast

SAP SE. Technology services sector. Market cap $244.1B.

$209.45−4.21 (−2.0%)

Close on Sep 18, 2026. Page updated Sep 19, 9:14 pm ET.

Gekko Brief

AI summary

SAP closes at $209.45, down 2% on the day but still above both its 50-day ($195.66) and 200-day ($195.23) averages, with the 50-day above the 200-day. The GekkoIndex reads 55.6, in the Neutral zone, having eased 0.8 over the past five sessions. Price sits 9.7% above Gekko Fair Value of $190.99, a gap that has widened after a 34.9% three-month gain, even as the one-year return remains -19.9%.

News this week centers on partnership and comparative coverage rather than company-specific catalysts. Wipro, Aramco and SAP launched the STO360 solution for shutdown, turnaround and outage management in asset-intensive industries, extending SAP's footprint in industrial software. Separately, a comparative piece weighed SAP against Xperi on valuation, analyst recommendations and profitability, while another article focused on SAP's price action and short-term trading signals, describing weak sentiment across time horizons. The most recent quarter, reported 23 July, showed cloud revenue up 24% to EUR 6.3 billion, total revenue up 11% to EUR 9.9 billion, and current cloud backlog accelerating to 26% growth, with AI and SAP Business Data Cloud featured in over 90% of the largest 50 deals.

The next earnings date falls on 21 October, 31 days out and beyond a typical 20-trading-day hold. No insider, Congress or unusual options activity appears in their respective windows. Consensus among 6 firms stands at 5 buy and 1 hold ratings, with a consensus target of $250.33 implying 19.5% upside. Seasonally, the next 20 trading days have averaged a 2% gain over 5 years, positive in 4 of them.

Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.

Price vs fair value

Close $209.45200-day averageGekko Fair Value $190.99

Key stats

Market cap
$244.1B
P/E ratio
27.6
Forward P/E
22
EPS, TTM
$7.73
Revenue, TTM
$38.19B
Profit margin
20.4%
Dividend yield
1.37%
Beta
0.78
Volume
1.89M avg 2.14M
1-year return
−19.9%
Typical daily move
±2.8%
Typical 20-day move
±5.3%
50-day average
$195.66
200-day average
$195.23
Next earnings
Oct 21
Shares outstanding
1.15B
52-week range
$144.97$281.37

SAP swing-trade checklist

SAP scores 3 supportive, 1 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive1 mixed1 headwind

  • Trendsupportive

    Above 50 and 200-day

    Close $209.45 is above the 50-day ($195.66) and 200-day ($195.23) averages, and the 50-day is above the 200-day.

    See the chart
  • GekkoIndexmixed

    55.6, Neutral

    Reading 55.6 is in the Neutral zone.

    See the GekkoIndex
  • Fair valueheadwind

    9.7% above

    Price is 9.7% above Gekko Fair Value (more than 5% above).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 31 days

    Next report Oct 21, 2026, 31 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +2.0% on average

    From this point in the calendar, the next 20 trading days averaged +2% over 5 years, rising in 4 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

SAP stock chart and price history

SAP closed at $209.45 on Sep 18, 2026, −19.9% over the past year, inside a 52-week range of $144.97 to $281.37.

Close50-day average200-day averageVolume

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−2.9%
3 months
+34.9%
6 months
+13.2%
1 year
−19.9%
The full SAP chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open SAP in Gekko

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About SAP

SAP develops business software used by organizations to run core operations such as finance, procurement, manufacturing, supply chain, and asset management. Its flagship product, SAP S/4HANA, forms the backbone of many corporate resource planning systems, while additional tools cover human resources, spend management, and customer experience.

The company organizes its offerings into distinct product lines aimed at different business needs. SuccessFactors handles HR, payroll, and workforce analytics, while its spend management tools address expense tracking and external labor administration. SAP Business Technology Platform lets clients and partners build and automate their own applications, and SAP Business Network connects trading partners to digitize supply chain communication. Other offerings include SAP Signavio for process analysis, Taulia for working capital and liquidity management, industry-specific cloud modules, and a set of sustainability-related services. Its customers span organizations across many functions and industries that rely on these systems for daily operations.

SAP SE was founded in Walldorf, Germany, in 1972 and remains based there. Its shares trade under the ticker SAP.

Sector
Technology services
Website
sap.com

SAP GekkoIndex: the smart money zone

SAP’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 55.6, in the Neutral zone, down 0.8 points over five sessions.

010055.6Neutral

Down 0.8 points over five sessions.

Reading for Sep 18, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying45+2.2%+1.3%+3.0%−3.8%
Accumulation198−0.4%−0.2%+0.2%−1.7%
Neutral (current zone)346+0.2%+0.4%+1.0%+3.4%
Distribution26+0.5%+1.5%+0.2%−3.6%
Selling0Not available

Average SAP share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.2% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the SAP price, zone by zone.Track SAP in Gekko

Is SAP stock overvalued? Gekko Fair Value

SAP trades 9.7% above Gekko Fair Value of $190.99, so the shares are overvalued on Gekko’s estimate.

Gekko’s own estimate of what SAP shares are worth, recalculated every trading day.

$190.99

Gekko Fair Value, Sep 19, 2026

9.7% Overvalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open SAP in Gekko

SAP insider and Congress trading

No open-market insider purchases were filed for SAP, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for SAP in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every SAP insider filing, plotted on the chart in Gekko.Open SAP in Gekko

Congress trades last 90 days

No trades in SAP were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for SAP, plotted on the chart in Gekko.Open SAP in Gekko

Hedge funds and billionaires quarter ended Jun 30

1of the funds Gekko tracks holds SAP.

0added0opened1trimmed1sold out
Which funds are on each side, name by name.Unlock in Gekko

SAP earnings: next date and track record

SAP reports on Oct 21, 2026 (31 days away), and beat the EPS estimate in 6 of its last 8 reports.

6 of 8reports beat the EPS estimate
±4.9%average move across the report
5 of 8reports followed by a gain

Share-price move across each report

+0.8%Oct ’24+0.4%Jan ’25+8.4%Apr ’25−5.4%Jul ’25−0.7%Oct ’25−14.9%Jan ’26+0.7%Apr ’26+7.6%Jul ’26

Last earnings call, Jul 23, 2026 AI summary

What they said
SAP reported strong Q2 2026 results with cloud revenue growing 24% to EUR 6.3 billion and total revenue up 11% to EUR 9.9 billion. Current cloud backlog accelerated to 26% growth, reversing a prior lagging trend. Operating profit reached EUR 2.7 billion, up 9%. AI and SAP Business Data Cloud featured in over 90% of the 50 largest deals. SAP launched its Autonomous Enterprise platform at Sapphire, with key acquisitions including Dremio, Reltio, and Prior Labs.
Guidance
Strong current cloud backlog growth of 26% and AI embedded in largest deals provide confidence for H2 2026. Management highlighted growing AI consumption and pipeline momentum as forward-looking indicators, though specific revenue or earnings targets were not disclosed in this excerpt.
ReportedEPSSurpriseRevenueSurpriseMove
Jul 23, 2026$1.85
est $2.00
−7.5%$11.24B
est $11.30B
−0.5%+7.6%
Apr 23, 2026$1.94
est $1.81
+7.2%$11.19B
est $11.19B
−0.1%+0.7%
Jan 29, 2026$1.89
est $1.77
+6.8%$11.55B
est $11.39B
+1.4%−14.9%
Oct 22, 2025$1.86
est $1.69
+10.1%$10.63B
est $9.77B
+8.8%−0.7%
Jul 22, 2025$1.70
est $1.63
+4.3%$10.63B
est $9.24B
+15.1%−5.4%
Apr 22, 2025$1.74
est $1.23
+41.5%$9.88B
est $9.28B
+6.5%+8.4%
Jan 28, 2025$1.47
est $1.49
−1.3%$9.71B
est $9.08B
+6.9%+0.4%
Oct 21, 2024$1.34
est $1.10
+21.8%$9.46B
est $9.23B
+2.5%+0.8%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

SAP stock forecast and analyst price targets

Analysts’ average 12-month price target for SAP is $250.33, +19.5% from the last close, from 6 firms rating the stock in the last 90 days.

$250.33consensus 12-month target, +19.5% from the last close
Low $177High $276.20
Buy5
Hold1
Sell0

Each firm’s latest rating in the last 90 days: 6 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Aug 27Bank of America SecuritiesBuy, maintained$260+24.1%
Jul 27BarclaysBuy, maintained$276.20+31.9%
Jul 24OppenheimerHold, maintained
Jul 24TD CowenBuy, maintained$205−2.1%
Jul 24BMO CapitalBuy, maintained$177−15.5%
+1.0%average 20-day move after past Neutral readings
+2.0%average move over the next 20 trading days in the last 5 years
±2.8%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

SAP seasonality: the next 20 trading days

Over the next 20 trading days from Sep 19, SAP averaged +2.0% across the last 5 years, rising in 4 of them.

Next 20 trading days, by year

+4.5%2021+3.1%2022−3.1%2023−0.1%2024+2.2%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days−1.8%2 of 5
Next 10 trading days−1.3%2 of 5
Next 15 trading days−0.6%1 of 5
Next 20 trading days+2.0%4 of 5
Next 30 trading days+4.6%3 of 5

For scale, SAP’s typical 20-trading-day move in either direction is about 5.3%.

SAP market cap and key statistics

SAP’s market cap is $244.1B, with a P/E ratio of 27.6 and revenue of $38.19B over the last twelve months.

Valuation

Market cap
$244.1B
P/E ratio
27.6
Forward P/E
22
EPS, TTM
$7.73
Gekko Fair Value
$190.99

Trading

Volume
1.89M
Avg volume, 20 days
2.14M
52-week high
$281.37
52-week low
$144.97
Shares outstanding
1.15B

Financials

Revenue, TTM
$38.19B
Profit margin
20.4%
Return on equity
18.3%
Quarterly earnings growth, YoY
+30.6%

Risk and income

Beta
0.78
Typical daily move
±2.8%
Typical 20-day move
±5.3%
Dividend yield
1.37%

SAP stock news this week

3 headlines about SAP from the past week, newest first, each linking to the publisher.

More stocks

In the Buying zone today

Reporting earnings this week

Popular on Gekko

SAP stock FAQ

What is SAP’s market cap?

SAP’s market cap is $244.1B at the Sep 18, 2026 close of $209.45, with 1.15B shares outstanding. The shares trade on a P/E ratio of 27.6.

What is the SAP stock forecast?

The consensus analyst 12-month price target for SAP is $250.33, +19.5% from the last close. Of the 6 firms that rated the stock in the last 90 days, 5 rate it a buy, 1 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is SAP stock overvalued or undervalued?

On Gekko’s estimate SAP is overvalued: the Sep 18, 2026 close of $209.45 is 9.7% above Gekko Fair Value of $190.99. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does SAP report earnings next?

SAP is expected to report on Oct 21, 2026 (31 days away). Analysts expect earnings of $2.05 per share on revenue of $11.54B. SAP beat the earnings estimate in 6 of its last 8 reports, moving 4.9% on average across the report.

What is SAP’s 52-week high and low?

SAP’s 52-week high is $281.37 and its 52-week low is $144.97; it closed at $209.45 on Sep 18, 2026, −19.9% over the past year.

Is SAP stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (trend, earnings risk and seasonality), 1 as mixed (gekkoindex) and 1 as a headwind (fair value). The checklist is a description of current data, not a recommendation.

How this page works

Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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