SAP (SAP) – Investment Analysts’ Recent Ratings Changes

A number of firms have modified their ratings and price targets on shares of SAP (NYSE: SAP) recently:

• 3/24/2026 – SAP had its “neutral” rating reaffirmed by JPMorgan Chase & Co..
• 3/18/2026 – SAP had its “buy” rating reaffirmed by TD Cowen.
• 3/16/2026 – SAP was downgraded by Weiss Ratings from “buy (b-)” to “hold (c+)”.
• 3/5/2026 – SAP was downgraded by Zacks Research from “strong-buy” to “hold”.
• 2/27/2026 – SAP was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
• 2/24/2026 – SAP was downgraded by Wall Street Zen from “buy” to “hold”.
• 2/16/2026 – SAP was upgraded by Wall Street Zen from “hold” to “buy”.
• 2/11/2026 – SAP was downgraded by Weiss Ratings from “buy (b-)” to “hold (c+)”.
• 2/8/2026 – SAP was downgraded by Wall Street Zen from “buy” to “hold”.
• 2/4/2026 – SAP was upgraded by Zacks Research from “hold” to “strong-buy”.
• 2/3/2026 – SAP was upgraded by Santander to “neutral”.
• 2/3/2026 – SAP is now covered by Piper Sandler. They set an “overweight” rating on the stock.
• 2/2/2026 – SAP was given a new $283.00 price target by Barclays PLC.
• 1/31/2026 – SAP was upgraded by Wall Street Zen from “hold” to “buy”.
• 1/30/2026 – SAP had its “buy” rating reaffirmed by Deutsche Bank Aktiengesellschaft.
• 1/30/2026 – SAP had its “outperform” rating reaffirmed by BMO Capital Markets.
• 1/30/2026 – SAP had its “buy” rating reaffirmed by TD Cowen.
• 1/30/2026 – SAP was given a new $245.00 price target by BMO Capital Markets.
• 1/30/2026 – SAP was downgraded by Citigroup Inc. from “buy” to “hold”.
• 1/30/2026 – SAP was downgraded by Citizens Jmp from “outperform” to “market perform”.
• 1/28/2026 – SAP had its “buy (b-)” rating reaffirmed by Weiss Ratings.

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.