Analysts’ Weekly Ratings Updates for SAP (SAP)

Several analysts have recently updated their ratings and price targets for SAP (NYSE: SAP):

• 5/2/2026 – SAP was upgraded by Wall Street Zen from “hold” to “buy”.
• 4/27/2026 – SAP had its price target raised by Barclays PLC from $256.00 to $257.00. They now have an “overweight” rating on the stock.
• 4/24/2026 – SAP was upgraded by Santander from “neutral” to “outperform”.
• 4/24/2026 – SAP had its price target lowered by BMO Capital Markets from $210.00 to $200.00. They now have an “outperform” rating on the stock.
• 4/22/2026 – SAP was upgraded by HSBC Holdings plc from “hold” to “buy”.
• 4/20/2026 – SAP had its price target lowered by Barclays PLC from $283.00 to $256.00. They now have an “overweight” rating on the stock.
• 4/16/2026 – SAP had its “buy” rating reaffirmed by TD Cowen.
• 4/14/2026 – SAP was downgraded by Piper Sandler from “overweight” to “neutral”.
• 4/13/2026 – SAP had its price target lowered by BMO Capital Markets from $245.00 to $210.00. They now have an “outperform” rating on the stock.
• 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+)”.

SAP Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th will be given a dividend of $2.9291 per share. This represents a dividend yield of 170.0%. The ex-dividend date of this dividend is Tuesday, May 5th. This is an increase from SAP’s previous annual dividend of $2.54. SAP’s payout ratio is currently 24.86%.

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.