SAP SE is rated a Buy based on solid technical and fundamental factors, despite a recent downgrade by UBS. The company continues to show robust cloud revenue and backlog growth, although margin expansion faces challenges due to lower cloud margins compared to legacy support streams. SAP's €10 billion buyback program through 2027 and recent acquisitions in AI and data strengthen its long-term earnings and strategic position. The stock is reasonably valued at a 26.5x forward P/E, with technical indicators suggesting potential for new all-time highs.
UBS downgraded SAP from Buy to Neutral, citing slow progress in delivering AI tools to customers. Despite SAP's strong position in enterprise resource planning, the rollout of AI agents is behind schedule, with only 17 launched and 15 more in develop...
SAP announced that its CEO, Christian Klein, will participate in a Fireside Chat at the Goldman Sachs Communacopia & Technology Conference in San Francisco on September 8, 2026. The event will be webcast, with a replay available on SAP's Investor Rel...
