SAP (NYSE:SAP) Raised to “Buy” at Erste Group Bank

SAP (NYSE:SAP) was upgraded by stock analysts at Erste Group Bank from a “hold” rating to a “buy” rating in a research report issued on Friday, Briefing.com reports. Erste Group Bank also issued estimates for SAP’s FY2026 earnings at $7.94 EPS and FY2027 earnings at $9.36 EPS.

Other equities analysts have also recently issued research reports about the stock. TD Cowen reiterated a “buy” rating on shares of SAP in a research report on Thursday, October 15th. BMO Capital Markets boosted their price target on shares of SAP from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Thursday, October 22nd. Citigroup restated a “buy” rating on shares of SAP in a research report on Friday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research note on Friday, August 21st. Finally, Weiss Ratings downgraded SAP from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, SAP presently has a consensus rating of “Moderate Buy” and an average target price of $258.83.

SAP Trading Down 1.2%

Shares of SAP opened at $234.12 on Friday. The firm has a market cap of $287.61 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 2.86 and a beta of 1.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.15 and a current ratio of 1.16. SAP has a fifty-two week low of $144.97 and a fifty-two week high of $265.88. The firm has a 50 day moving average price of $217.56 and a 200-day moving average price of $192.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SAP. BOCHK Asset Management Ltd boosted its position in SAP by 1.4% during the 3rd quarter. BOCHK Asset Management Ltd now owns 25,790 shares of the software maker’s stock valued at $5,377,000 after buying an additional 350 shares during the period. Signature Equity Partners LLC grew its holdings in SAP by 75.6% in the 3rd quarter. Signature Equity Partners LLC now owns 158 shares of the software maker’s stock worth $33,000 after acquiring an additional 68 shares during the last quarter. Summit Wealth Group LLC Co. bought a new stake in SAP in the 3rd quarter worth $503,000. Coerente Capital Management increased its position in shares of SAP by 2.4% in the third quarter. Coerente Capital Management now owns 164,381 shares of the software maker’s stock valued at $34,270,000 after acquiring an additional 3,775 shares during the period. Finally, Salomon & Ludwin LLC increased its position in shares of SAP by 110.9% in the third quarter. Salomon & Ludwin LLC now owns 715 shares of the software maker’s stock valued at $149,000 after acquiring an additional 376 shares during the period.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP originally developed software to help businesses integrate accounting and operational data. The company has since become a major provider of cloud-based business applications and enterprise technology.

SAP’s portfolio includes enterprise resource planning software, including SAP S/4HANA Cloud, along with solutions for finance, procurement, supply chain management, human resources, customer experience and business analytics.