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 |
| 27.01.2023 | Hold | 115.00 EUR | 105.00 EUR | Andreas Wolf |
| 13.12.2022 | Hold | 110.00 EUR | 102.46 EUR | Andreas Wolf |
| 21.07.2022 | Buy | 115.00 EUR | 90.72 EUR | Andreas Wolf |
| 12.05.2022 | Buy | 130.00 EUR | 93.07 EUR | Andreas Wolf |