Barclays Raises SAP Price Target to $288

Barclays maintained its Overweight rating on SAP SE on October 23, 2026, while raising its price target from $243.00 to $288.00. The research note reflects the firm's forward-looking view on the enterprise software provider as business operations continue to expand. SAP closed at $239.62 on the day of the update.

SAP Sap Se

$240.59 ▲ +3.32% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Barclays's Call on SAP SE

On October 23, 2026, Barclays kept its Overweight rating on the software maker and lifted its price target to $288.00 from $243.00. Earlier, on October 13, 2026, Barclays had maintained an Overweight rating with a $243.00 target, up from $242.00. Other firms have also adjusted their outlooks recently. On October 22, 2026, BMO Capital maintained an Outperform rating and raised its target to $265.00 from $235.00, following an earlier update from the same firm on October 8, 2026, at a $235.00 target. Meanwhile, UBS downgraded the stock to Neutral on August 26, 2026.

Other Institutional Activity in SAP SE

Fisher Asset Management, LLC grew its holdings by 396,796 shares, ending with 14,931,460 shares worth about $3.58 billion. Eagle Capital Management LLC added 791,932 shares for a total of 8,640,615 shares valued at roughly $2.07 billion. Capital International Investors increased its position by 669,581 shares to hold 5,681,413 shares worth about $1.36 billion. Windacre Partnership LLC lifted its stake by 1,637,135 shares, finishing with 4,399,300 shares valued at around $1.05 billion. Hotchkis & Wiley Capital Management, LLC grew its holdings by 2,252,410 shares to end with 2,508,905 shares worth approximately $601.18 million.

Sap Se Stock Up 3.1%

SAP SE recently traded around $239.89 as of October 23, 2026. The company operates with a price-to-earnings ratio of 29.96 and a forward P/E ratio of 25.23. Analyst sentiment leans positive, with a consensus recommendation of buy and a mean price target of $278.17.

Recent Earnings

SAP SE generated trailing twelve-month revenue of $39.39 billion alongside trailing earnings of $8.03 per share. The company posted year-over-year revenue growth of 13.2%. The next corporate earnings release is scheduled for January 28, 2027.

Dividend

The software provider pays an annual dividend rate of $2.93 per share, which translates to a dividend yield of 1.22% based on a payout ratio of 37.7%.

About SAP SE

Headquartered in Walldorf, Germany, SAP SE develops enterprise application software and business solutions for organizations worldwide. The company helps clients manage business operations and customer relations across diverse industries. With over 113,000 employees, SAP serves as a foundational technology provider for global enterprise management.

Bottom Line

Barclays remains optimistic about SAP SE with its higher price target. Investors will look toward the next earnings report on January 28, 2027, for further details on software demand.