Barclays raises SAP target to USD 243: SAP stock gains 1.93 percent

Published on 10/15/2026 at 09:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SAP stock costs EUR 200.75 on October 15, 2026, 1.93 percent above Xetra close. Results arrive October 21, 2026 with EUR 230.4 billion market value.

Analyst view and operating test

Barclays lifted its SAP target to USD 243 from USD 242 on October 13, 2026.
Second-quarter cloud revenue reached EUR 6.3 billion while current cloud backlog grew 26 percent on July 23, 2026.
SAP stock trades at EUR 200.75 at 9:35 a.m. CEST at Lang & Schwarz on October 15, 2026, 1.93 percent above the Xetra close of October 14, 2026.

DAX-Tafel mit Tech-Index und Trading-Floor-Bildschirmen, Börsen-Editorial — SAP SE (DE0007164600) DAX-Tafel mit Tech-Index und Trading-Floor-Bildschirmen mit Kurslinien im Börsen-Editorial-Stil, Illustration mit AI erstellt.

SAP stock (ISIN DE0007164600) trades at EUR 200.75 at Lang & Schwarz on October 15, 2026 at 9:35 a.m. CEST, 1.93 percent above the Xetra close of October 14, 2026 at EUR 196.94. The latest analyst move came from Barclays, which raised its target from USD 242 to USD 243 on October 13, 2026.

Barclays target reaches USD 243

According to Markets Insider, Barclays analyst Raimo Lenschow kept an Overweight rating while lifting the target to USD 243 from USD 242. The note was part of a third-quarter earnings preview and said the quarter should show more differentiation across software.

The operating backdrop gives that target a measurable test. In the second quarter of 2026, cloud revenue rose 24 percent to EUR 6.3 billion and total revenue increased 11 percent to EUR 9.9 billion, while current cloud backlog grew 26 percent to almost EUR 23 billion, according to Yahoo Finance. Operating profit rose 9 percent to EUR 2.7 billion on a non-IFRS basis.

Three events shape the setup

On July 23, 2026, SAP reported second-quarter cloud revenue of EUR 6.3 billion and current cloud backlog growth of 26 percent, as Yahoo Finance carried the earnings-call transcript. On October 6, 2026, SAP agreed to acquire TechWolf, whose open-source models had passed 2 million downloads, according to SAP News. On October 13, 2026, Barclays raised its target to USD 243 from USD 242, as Markets Insider reported.

What will the next report test?

SAP will publish third-quarter 2026 results on October 21, 2026 at 10:05 p.m. CEST, with its analyst conference call scheduled for 11:00 p.m. CEST, according to SAP. The central test is whether backlog growth can stay near the second-quarter rate while the company continues funding its AI transformation. Barclays target-setting shows that analysts are looking for evidence of differentiation before the results.

Stock trades above the Xetra close

The SAP quote is 1.93 percent above the prior Xetra session close, while the EUR 230.4 billion market capitalization and EUR 127.50 to EUR 244.30 52-week range put the current level below the yearly high. SAP was trading at EUR 200.75 at Lang & Schwarz on October 15, 2026 at 9:35 a.m. CEST, 1.93 percent above the Xetra close of October 14, 2026 at EUR 196.94. The further course of trading is shown by the continuously updated real-time quote of SAP stock.