SAP

Over the past six months, SAP's stock price has trending up by 19.84%. However, looking at the past year, the stock has seen a decline of 20.79% as of September 17, 2026, compared to September 18, 2025. Recent notable events impacting the stock include a surge in shares driven by a broader software sector rally and positive ratings from Argus and Goldman Sachs, bolstered by strong cloud fundamentals, including a 27% increase in current cloud backlog to €22.9 billion and a 25% rise in cloud ERP revenue. Conversely, the stock experienced a pullback following a soft outlook from Adobe, which affected other software companies, and a downgrade by UBS to 'Neutral' from 'Buy'. UBS cited concerns about a slower-than-expected rollout of agentic AI tools and an anticipated deceleration in cloud backlog growth in the second half of 2026.