Barclays Raises SAP Price Target to $243

Barclays has reiterated its Overweight rating on SAP SE, increasing the price target to $243, a 9.38% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 1:56 PM EDT

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Barclays raised its price target on Sap Se ($SAP) to $243 from $242 on October 13, 2026, and rates the stock "Overweight".

Since the rating, $SAP is up 2.1% to date (from the $219.75 close on Oct 13, 2026).

SAP Sap Se

$224.29 -3.68% year to date

Daily close · Oct 16, 2026

Key Points

On October 13, 2026, Barclays reiterated its Overweight rating on SAP SE (NYSE: SAP) and slightly raised the price target from $242 to $243.
Barclays's $243 price target implies 9.38% upside from Sap Se's ($SAP) current $222.16 share price.
As of October 16, 2026, SAP's stock is trading around $222.16, about 14.9% below the average analyst price target of $261.17.
SAP SE has a market cap of approximately $259.7 billion and reported trailing twelve-month revenue of about $38.2 billion.

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Barclays reiterated its Overweight rating on SAP SE (NYSE: SAP) on October 13, 2026, raising the price target from $242 to $243. The stock was recently trading around $222.16 on October 16, 2026.

What Changed in Barclays's SAP Position

Barclays maintained its Overweight rating on SAP SE and increased its price target to $243. This is a change from the previous target of $242. The firm continues to view the company's prospects positively.

Other Institutional Activity in SAP

Several other institutional investors have also shown interest in SAP. Fisher Asset Management, LLC holds 14,931,460 shares valued at about $3.35 billion after increasing its stake by 396,796 shares, a 2.7% rise. Eagle Capital Management LLC owns 8,640,615 shares worth approximately $1.94 billion, having added 791,932 shares, marking a 10.1% increase. Goldman Sachs Group Inc. has a significant stake of 6,023,085 shares valued at around $1.35 billion, with a notable increase of 2,722,764 shares, which is an 82.5% rise. Capital International Investors has 5,681,413 shares worth about $1.27 billion after increasing its position by 669,581 shares, a 13.4% rise. Finally, Morgan Stanley holds 5,476,111 shares valued at around $1.23 billion, having increased its stake by 1,860,084 shares, a 51.4% increase.

Sap Se Stock Up 0.8%

SAP's shares are currently trading at $222.16, which is above its 50-day moving average of $212.40 by about 4.6% and above its 200-day moving average of $192.16 by approximately 15.6%. However, the stock is about 21.0% below its 52-week high of $281.37 and 53.2% above its 52-week low of $144.97. It is also 14.9% below the average analyst price target of $261.17.

12-month forecast

$SAP price target

Sap Se daily closes and this analyst's $243 target. Not advice.

Recent Earnings

SAP reported trailing twelve-month revenue of about $38.2 billion, reflecting a year-over-year revenue growth of 9.4%. The company has an impressive net margin of 20.4% and a return on equity of 18.3%. Its next earnings report is scheduled for October 21, 2026.

Insider Buying and Selling at Sap Se

There are currently no reported insider transactions for SAP SE.

Analysts Set New Price Targets

On October 13, 2026, Barclays maintained its Overweight rating on SAP SE with a new price target of $243, up from the previous target of $242. Additionally, on October 8, 2026, BMO Capital maintained an Outperform rating with a target of $235. On July 27, 2026, Barclays had previously set a target of $242.

About SAP SE

SAP SE, headquartered in Walldorf, Germany, provides enterprise application and business solutions worldwide. The company supports a wide range of industries through its software solutions, making it a key player in the technology sector.

Bottom Line

Investors should keep an eye on SAP's upcoming earnings report on October 21, 2026, as well as any further analyst ratings that may emerge. Barclays' reiteration of its Overweight rating and slight increase in the price target may influence market sentiment around the stock.