KeyBanc keeps EUR 235.00 target for SAP stock
Published on 10/26/2026 at 16:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and cloud growth
- KeyBanc maintained a Buy rating and a EUR 235.00 target on October 22, 2026.
- SAP's third-quarter revenue rose 13 percent to EUR 10.27 billion.
- SAP stock costs EUR 214.03 at Lang & Schwarz on October 26, 2026 at 4:33 p.m. CET, minus 0.17 percent versus the Xetra close of October 23, 2026.
- SAP's market capitalization was EUR 247.1 billion as of October 26, 2026.
SAP (ISIN DE0007164600) has a EUR 235.00 price target from KeyBanc, which maintained its Buy rating in a report dated October 22, 2026. The target lies 9.79 percent above the Lang & Schwarz price, which stood at EUR 214.03 on October 26, 2026 at 4:33 p.m. CET, down 0.17 percent versus the Xetra close.
Revenue crosses EUR 10 billion
SAP's third-quarter results showed total revenue of EUR 10.27 billion, up 13 percent from the comparable period. Cloud revenue rose 26 percent to EUR 6.67 billion, while non-IFRS operating profit increased 18 percent to EUR 3.03 billion, according to SAP News on October 21, 2026.
Stock stays below its yearly high
At EUR 214.03, SAP stock was 9.23 percent below its 52-week high of EUR 235.80 and 67.87 percent above its 52-week low of EUR 127.50, as of October 26, 2026. The company's market capitalization stood at EUR 247.1 billion, and its price-to-earnings ratio was 30.48.
What does the target imply for SAP stock?
KeyBanc's EUR 235.00 target is 9.79 percent above the Lang & Schwarz price. The comparison places the analyst view below SAP's 52-week high while keeping the target above the current euro quotation. KeyBanc's report did not state an earlier target for comparison.
Trading position on October 26
SAP stock was trading at EUR 214.03 at Lang & Schwarz on October 26, 2026 at 4:33 p.m. CET, minus 0.17 percent versus the Xetra close of October 23, 2026 at EUR 214.40. The price was inside its 52-week range, with the yearly high 9.23 percent above the quotation.
The further course of trading is shown by the continuously updated real-time quote of SAP stock.
SAP stock facts
- Company: SAP SE
- ISIN: DE0007164600
- Ticker: SAP
- Primary exchange: Xetra
- Price Lang & Schwarz (as of October 26, 2026, 4:33 p.m. CET): EUR 214.03
- Change versus Xetra close: minus 0.17 percent
- Xetra close (October 23, 2026): EUR 214.40
- Market capitalization: EUR 247.1 billion (as of October 26, 2026)
- 52-week range: EUR 127.50-235.80 (as of October 26, 2026)
- Sector / Industry: Technology / Software - Application
Market context: Market report DAX.
