Disclosure according to sec. 85 German Securities Trading Act and Art. 20 MAR for company SAP SE:

Markings in the chart show rating changes by Warburg Research GmbH in the last 12 months. Every marking details the date and closing price on the day of the rating change.
Recommendation/Target Price History

Date Recommendation Target Price Close Price Analyst
12.03.2025 Buy 275.00 EUR 238.65 EUR Andreas Wolf
07.02.2025 Hold 275.00 EUR 273.65 EUR Andreas Wolf
10.12.2024 Hold 230.00 EUR 240.50 EUR Andreas Wolf


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