SAP shares slip below 100‑day moving average as cloud growth slows

SAP's stock fell to around €155, trading below its 100‑day moving average of €160.52 and marking a low of €153.74 for the day. Technical indicators show a neutral RSI at 51.3 and high 30‑day volatility near 42%, with the next support at the 50‑day average of €149.41.

The decline follows concerns that SAP's cloud backlog growth is decelerating, despite solid overall cloud revenue. Recent quarterly results reported earnings of €1.66 per share and a 6 % revenue increase to €9.56 billion. Analysts project earnings of €7.22 per share for 2026 and a dividend of €2.50 per share for 2025.