SAP SESAP
Mentioned
Impact on stocks 2
Cloud & Digital Infrastructure
SAP SEFinancials
UBS Group AGUBSG
Mentioned
SAP SE fell roughly 4% to $210.16 on Wednesday after UBS downgraded the stock from buy to neutral, even while raising its price target from 164 to 201. The bank identified only 17 AI agents ready for broad use, with fewer than 20 more in development or deployment, and expects constant-currency cloud-backlog growth to fade from 26% in June to about 24% by year-end. Despite this, SAP's second-quarter results showed 22.9 billion in current cloud backlog, 24% constant-currency cloud-revenue growth, and 3 billion in free cash flow. At $210.16, the stock trades 19.72% below its $261.80 GF Value estimate, but the bank's caution highlights the challenge of turning AI promises into deployed products before cloud momentum slows further.
SAP SEUBS Group AG