Deutsche Bank Maintains Buy on SAP (SAP SE) Jan 30 2026, PT Cut to EUR 220

Deutsche Bank maintained a Buy rating on SAP (SAP SE) on January 30, 2026, while cutting its price target to EUR 220 from EUR 270. The move is the main change in recent analyst coverage, and it shows conviction on SAP’s cloud transition even as near-term growth slows. This SAP analyst rating update comes alongside a separate downgrade to Market Perform from Citizens after SAP’s Q4 2025 results missed expectations. We review what the Deutsche Bank action and the Citizens downgrade mean for investors, price targets, and SAP’s short-term share trajectory.