🔴 SAP SE is trading 0.9% down today after Goldman Sachs trimmed margin forecasts

SAP SE is trading at $148.38 (-0.90%) after analysts at Goldman Sachs lowered their margin forecasts for the software company, citing rising hardware costs.

• Goldman Sachs trimmed its second-half 2026 gross margin estimate for SAP to 72.8% from 73.3% due to anticipated higher hardware expenses.
• The bank maintained its 'Buy' rating on the stock, asserting that the company's AI-driven product cycle remains intact.
• The negative sentiment on SAP also comes amid a broader market downturn, with U.S. futures trading lower as investors await key U.S. CPI inflation data.