SAP stock price rebounds after cloud outlook shock — what to know before Monday
FRANKFURT, Jan 31, 2026, 21:28 CET — Market closed.
SAP shares in Frankfurt ended Friday up 3.6% at 170.56 euros, after falling 16.1% a day earlier. With markets shut for the weekend, the SAP share price heads into Monday, Feb. 2, still hostage to questions about cloud momentum. (MarketScreener)
Thursday’s slide followed SAP’s warning that current cloud backlog growth would “slightly decelerate” in 2026, despite a forecast for cloud revenue growth of 23% to 25%. Current cloud backlog tracks cloud sales expected to be booked as revenue over the next 12 months; the company’s finance chief said the slowdown was bigger than anticipated as customers shift to larger projects and sovereign-cloud work that can take…
