SAP stock teeters near 52-week low as analysts debate rebound potential
SAP Stock: Turnaround Ahead?
JPMorgan places SAP on a special watchlist for positive impulses, but lowers the price target. The stock is struggling to find a bottom after significant losses.
SAPās stock has faced a difficult year, dropping around 11% since January. Recently, shares dipped near their 52-week low, trading at ā¬210.80ājust above the ā¬203.20 mark. Analysts now see the coming sessions as critical for determining whether the company can concur a rebound.
The software giant has struggled to regain stability after a long decline. Investors are watching two key levels: ā¬203 as support and ā¬210 as a psychological threshold. If the stock holds above ā¬210, it could signal a potential chase online for higher prices. However, a sustained recovery would need a climb past the ā¬225 resistance zone.
JPMorgan has placed SAP on its 'Positive Catalyst Watch' list, hinting at expected positive developments. Analyst Toby Ogg from the bank believes the company is on track to meet its 2025 annual targets, with a strong fourth quarter anticipated. Despite this optimism, JPMorgan adjusted its price target downward from ā¬310 to ā¬290, though it kept an 'Overweight' rating.
Looking ahead, forecasts for 2026 suggest faster growth and higher profits. This contrasts with the recent bearish mood, as analysts project a shift in momentum if current support levels hold.
The next few trading sessions will be decisive for SAP. A consolidation above ā¬210 could encourage a rebound, while a drop below ā¬203 might extend the decline. Analysts remain cautiously optimistic about the companyās long-term prospects, despite recent struggles.