TD Cowen raises target for SAP stock from USD 205 to USD 250

Published on 10/16/2026 at 10:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SAP stock costs EUR 202.53 on October 16, 2026, 0.64 percent above the Xetra close. Third-quarter results are due October 21, 2026.

Analyst view and cloud growth

On October 15, 2026, TD Cowen raised its SAP target from USD 205 to USD 250.
Second-quarter cloud revenue reached EUR 6.3 billion, up 24.00 percent year over year.
SAP stock trades at EUR 202.53 at 10:36 a.m. CEST at Lang & Schwarz on October 16, 2026, 0.64 percent above the Xetra close of October 15, 2026.

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SAP stock (ISIN DE0007164600) costs EUR 202.53 at Lang & Schwarz on October 16, 2026, 0.64 percent above the Xetra close of October 15, 2026 at EUR 201.25. According to Investing.com on October 15, 2026, TD Cowen raised its target from USD 205 to USD 250 while maintaining a Buy rating.

What changed before results?

TD Cowen based its revision on checks pointing to sustained cloud migration strength before SAP's third-quarter results. The report identified a second consecutive quarter of elevated growth as delayed migration projects resume, while SAP's next results are scheduled for October 21, 2026.

What does the cloud base contribute?

Zacks reported that SAP's second-quarter cloud revenue rose 24.00 percent to EUR 6.3 billion, while total revenue increased 11.00 percent to EUR 9.9 billion. For 2026, SAP expects cloud revenue of EUR 25.8 billion to EUR 26.2 billion, according to the same company-focused review.

Three dated milestones

On July 23, 2026, SAP published second-quarter results with cloud revenue of EUR 6.3 billion, as reported by Zacks. On October 8, 2026, BMO Capital Markets raised its target from USD 177 to USD 235, according to Zolmax. On October 15, 2026, TD Cowen lifted its target from USD 205 to USD 250, according to Investing.com.

Which dates come next?

SAP has scheduled third-quarter 2026 financial results for October 21, 2026 at 10:05 p.m. CEST, followed by its analyst conference call at 11:00 p.m. CEST. The timing places the disclosure after the Xetra close and makes the cloud-revenue trajectory the central figure for the next update.

Stock stays below its yearly high

SAP's EUR 2022.53 quote is EUR 41.77 below its 52-week high of EUR 244.30, while the reported EUR 234.0 billion market capitalization keeps the valuation context substantial. At Lang & Schwarz, the stock was trading at EUR 202.53 on October 16, 2026 at 10:36 a.m. CEST, plus 0.64 percent versus the Xetra close of October 15, 2026 at EUR 201.25. The further course of trading is shown by the continuously updated real-time quote of SAP stock.