🔴 SAP SE is trading 4.4% down today as Goldman Sachs cuts margin forecasts

SAP SE is trading 4.4% down at $143.16 after Goldman Sachs lowered its gross margin forecasts for the second half of 2026.

• The analyst revision was driven by rising hardware costs, which have dampened expectations for the company's long-term profitability.
• The downward pressure on the share price comes even as broader market indices are trading slightly higher today.