SAP receives fresh Jefferies Buy call, shares edge higher on DAX
Published on 06/29/2026 at 13:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-29, 13:05.
SAP (DE0007164600) starts the new week with a fresh analyst impulse. Jefferies reiterated its Buy rating and adjusted its stance in a Monday update, while the shares trade modestly higher on the DAX benchmark according to MarketScreener.
What Jefferies highlights today
Jefferies confirmed its positive view on SAP in a note published this morning, keeping a Buy recommendation on the stock as listed on Xetra and Tradegate. The broker cites the software group's cloud transition and resilient enterprise demand as key drivers in its latest assessment.
The Jefferies call comes against a backdrop of recent sector commentary that has pointed to robust spending on mission-critical applications among large European corporates, where SAP remains a central vendor alongside peers such as Oracle and Salesforce.
How the analyst consensus looks
Across the broader analyst community, SAP maintains a predominantly positive stance with a majority of tracked houses recommending Buy or equivalent on the shares, as aggregated by MarketScreener. The current average price target sits moderately above recent trading levels, reflecting expectations of continued margin improvement and cloud growth.
Recent updates from other brokers have focused on SAP's ability to expand recurring revenue while managing investment in infrastructure and product development, a theme that remains central to valuation discussions for large-cap software names in the DAX and STOXX Europe 600.
All news and analysis on the SAP shares
For a fuller picture of how analysts, investors and the DAX index respond to SAP, the topic page bundles headlines, price data and background material.
The product behind the stock
SAP's core business revolves around its flagship SAP S/4HANA suite, an integrated enterprise resource planning platform that supports finance, logistics and manufacturing processes for large organizations. The company has increasingly shifted this product to cloud-based deployments, offering subscription models via SAP S/4HANA Cloud for global clients.
Where the SAP shares trade today
The SAP shares (DE0007164600) most recently trade on Tradegate at around 136.42 euros with intraday highs near 137.96 euros, based on Monday morning data.
SAP at a glance
- Company: SAP SE
- ISIN: DE0007164600
- WKN: 716460
- Ticker: SAP
- Trading venue: Tradegate / Xetra
- Price (as of 2026-06-29, 11:00): 136.42 EUR
- Market cap: 0.18T USD (as of 2026-06-29)
- Sector / industry: Software & Services
- Index membership: DAX, STOXX Europe 50, EURO STOXX 50
- Next earnings date: not officially scheduled
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