SAP stock gains support from buyback and cloud growth

Published on 09/19/2026 at 12:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SAP stock traded at USD 209.89 on September 19, 2026, while SAP SE bought back 50,000 shares from September 14 to September 18. Berenberg kept a EUR 205 target on September 18, 2026.

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SAP stock (DE0007164600) traded at USD 209.89 on September 19, 2026, after a previous close of USD 213.66 and a daily move of minus 1.76 percent. SAP SE also carried a market capitalization of USD 250.3 billion and volume of 724.4K shares in the same snapshot.

Buyback adds support

According to EQS News on September 19, 2026, SAP SE bought back 50,000 shares from September 14 to September 18 at daily weighted average prices between EUR 185.04 and EUR 187.08. The company said the total volume for those five sessions was EUR 9.28 million, and the cumulative repurchase count reached 8,305,886 shares by September 18.

That buyback update matters because it gives the stock a dated support point close to the market quote. The average repurchase price of EUR 185.57 sits below the day snapshot of EUR 188.00 on MarketBeat's September 17, 2026 page.

Cloud numbers stay central

As ad hoc news reported on September 18, 2026, Berenberg kept a Buy rating and a EUR 205 target on SAP. The same report said cloud revenue rose 22 percent in the second quarter, cloud ERP grew 25 percent, and cloud backlog increased 27 percent to EUR 22.9 billion.

The report also said free cash flow reached EUR 6.25 billion in the first half, while non-IFRS operating profit is guided to EUR 11.8 billion to EUR 12.2 billion for 2026. For investors, that mix of a EUR 22.9 billion backlog and a EUR 6.25 billion first-half cash flow figure is the core operating debate.

Next date on the calendar

According to EQS News, SAP SE will publish its financial results for the third quarter 2026 on October 21, 2026. On the chart, the stock stood at USD 209.89 on September 19, 2026, versus a 52-week range of USD 144.97 to USD 281.37.