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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

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