SAP.DE SAP SE (XETRA) €171.72 13 Feb 2026: AI cloud momentum may raise valuation

The SAP.DE stock closed at €171.72 on XETRA in Germany on 13 Feb 2026, up 1.19% for the day on volume 3,903,778.00. We see this move tied to continued enterprise AI adoption inside SAP’s cloud stack and a rotation back into large-cap tech. SAP SE (SAP.DE) pairs a PE of 27.52 with EPS €6.24, leaving room for re-rating if AI-led cloud revenue accelerates. Below we quantify valuation, technicals, risks and a model forecast to shape trading ideas for AI-focused investors.