SAP stock: TD Cowen raises target to USD 250 for SAP stock

Published on 10/21/2026 at 16:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cloud revenue grew 24.00 percent to EUR 6.30 billion in the second quarter. SAP stock costs EUR 206.55 on October 21, 2026, up 2.48 percent versus Xetra close.

Target and operating figures

TD Cowen lifted its SAP target to USD 250 from USD 205 on October 15, 2026.
Cloud revenue grew 24.00 percent to EUR 6.30 billion in the second quarter of 2026.
SAP stock costs EUR 206.55 at Lang & Schwarz on October 21, 2026 at 4:04 p.m. CEST, 2.48 percent above the Xetra close of October 20, 2026 and 15.45 percent below the 52-week high.
SAP scheduled its third-quarter 2026 disclosure for October 21, 2026 at 10:05 p.m. CEST.

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TD Cowen analyst Derrick Wood raised the firm's SAP price target to USD 250 from USD 205 on October 15, 2026, while keeping a Buy rating, as Markets Insider reported. The target is 7.73 percent above SAP's last NYSE price of USD 232.07 on October 21, 2026 at 10:11 a.m. EDT. SAP stock was trading at EUR 206.55 at Lang & Schwarz on October 21, 2026 at 4:04 p.m. CEST, up 2.48 percent versus the Xetra close of October 20, 2026.

Cloud growth sets the benchmark

SAP's second-quarter 2026 operating picture gives the target revision its business context. Cloud revenue grew 24.00 percent year over year to EUR 6.30 billion, while total revenue rose 11.00 percent to EUR 9.90 billion. Operating profit increased 9.00 percent to EUR 2.70 billion. These figures come from the Q2 earnings call carried by Yahoo Finance on July 23, 2026.

Stock stays below yearly high

The euro quotation sits within a 52-week range of EUR 127.50 to EUR 244.30. At EUR 206.55, SAP stock is 15.45 percent below that high and 61.61 percent above the low. The market capitalization was EUR 239.5 billion and the price-to-earnings ratio was 30.51 on October 21, 2026. Trading volume stood at 1,058,825 shares at 4:04 p.m. CEST.

Valuation and reporting times

TD Cowen's USD 250 target provides a higher benchmark than the USD 232.07 NYSE quotation, but it is separate from the German euro price. SAP's investor-relations calendar lists the third-quarter 2026 disclosure for October 21, 2026 at 10:05 p.m. CEST and the analyst conference call for 11:00 p.m. CEST, according to SAP.

Target and price in perspective

The immediate investor comparison is between sustained cloud expansion and the valuation already embedded in the share price. The second-quarter cloud increase of 24.00 percent exceeded total revenue growth of 11.00 percent, while the stock remained 15.45 percent below its 52-week high.

The further course of trading is shown by the continuously updated real-time quote of SAP stock.