BMO Capital Raises SAP Price Target to $265
Key Points
- BMO Capital reiterated its Outperform rating on SAP SE on October 22, 2026, while raising its price target from $235 to $265.
- BMO Capital's $265 price target implies 10.27% upside from Sap Se's ($SAP) current $240.31 share price.
- Major institutional funds including Fisher Asset Management and Eagle Capital Management held large positions in SAP SE as of June 30, 2026.
- SAP SE recently traded around $240.31, giving the enterprise software provider a market value of roughly $268.6 billion.
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BMO Capital reiterated its Outperform rating on SAP SE $SAP on October 22, 2026, while boosting its price target from $235 to $265. According to the firm's research note, the new target suggests room for growth from where the stock recently traded.
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BMO Capital's Call on SAP SE
On October 22, 2026, BMO Capital maintained its Outperform rating on the enterprise software maker and raised its target to $265 from its previous level of $235. The adjustment comes as Wall Street firms monitor the company's position in the application software sector.
Other Institutional Activity in SAP SE
Large investors made adjustments to their SAP holdings ahead of the second half of 2026. Fisher Asset Management, LLC grew its holdings by 396,796 shares, ending with 14,931,460 shares worth about $3,584,670,213. Eagle Capital Management LLC grew its holdings by 791,932 shares, ending with 8,640,615 shares worth about $2,074,395,619. Capital International Investors grew its holdings by 669,581 shares, ending with 5,681,413 shares worth about $1,363,965,208. Windacre Partnership LLC grew its holdings by 1,637,135 shares, ending with 4,399,300 shares worth about $1,056,161,934. Hotchkis & Wiley Capital Management, LLC grew its holdings by 2,252,410 shares, ending with 2,508,905 shares worth about $602,325,360.
Sap Se Stock Up 4.9%
SAP SE recently traded around $240.31 as of October 22, 2026, compared to an event close of $240.07. The company carries a market capitalization of $268.6 billion and a trailing price-to-earnings ratio of 29.88, with a forward P/E of 24.13.
$SAP price target
Sap Se daily closes and this analyst's $265 target. Not advice.
Recent Earnings
For its trailing twelve months, SAP SE reported $38.19 billion in revenue and earnings of $7.79 per share. The company operates with a 20.4% net profit margin and an 18.3% return on equity.
Dividend
SAP SE pays an annual dividend of $2.93 per share, translating to a dividend yield of 1.26%. The company distributes 37.7% of its earnings toward dividend payments.
Analysts Set New Price Targets
Other Wall Street firms have updated their views on SAP SE in recent months. On July 27, 2026, Barclays maintained its Overweight rating with a price target of $242, down from $255. UBS issued a downgrade to Neutral on August 26, 2026. Barclays later maintained an Overweight rating on October 13, 2026, while raising its target from $242 to $243. Consensus analyst data shows a buy recommendation with a mean price target of $261.17 across 12 analyst opinions.
About SAP SE
Based in Walldorf, Germany, SAP SE provides enterprise application software and business solutions to clients worldwide. The company builds tools that help organizations manage business operations and customer relations.
Bottom Line
Investors will continue to track analyst revisions and upcoming earnings reports to see if the stock can reach BMO Capital's new $265 price target. Market participants should monitor future institutional filings for shifts in major fund ownership.
Related Filing Alerts
Source: BMO Capital's rating change on $SAP (Oct 22, 2026). Written by software, not financial advice. How we make alerts