Key Stats for SAP SE Stock

• Last 30-Day Performance: -13%
• 52-Week Range: $169 to $289
• Valuation Model Target Price: $334
• Implied Upside: 24%

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What Happened?

SAP SE stock fell about 13% in the last 30 days, recently trading near $205 per share as investors rotated out of enterprise software names and compressed valuation multiples across large-cap SaaS stocks.

The stock declined specifically because current cloud backlog growth slowed to 25% to EUR 21 billion, which came in below investor expectations, even though total cloud backlog rose 30% to EUR 77 billion.

Markets focused on the…