Piper Sandler Downgrades SAP, Asana, and monday.com Ratings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 14 2026
0mins
Should l Buy SAP?
Source: seekingalpha
- SAP Downgrade: Piper Sandler downgraded SAP from Overweight to Neutral, cutting the price target from €220 to €170, citing analysts' concerns over slower-than-expected cloud conversions and SAP's significant exposure to a weakening European economy, which may impact execution risk.
- Cloud Transition Challenges: Analysts noted that customer prioritization of general AI adoption over ERP migrations ahead of the 2027 deadline has led to slower cloud conversion rates, diminishing confidence in SAP's ability to meet its initial FY26 guidance, particularly as lower-hanging fruit migrations are lagging.
- Asana and monday.com Ratings Adjusted: Piper Sandler also downgraded Asana and monday.com from Overweight to Neutral, with price targets reduced to $7 and $85 respectively, as the collaboration software sector faces increased scrutiny and concerns over slowing growth rates.
- Market Environment Impact: Asana's heightened exposure to the tech vertical may lead to faster efficiency-driven constraints, while monday.com, despite guiding for 18.3% growth in fiscal 2026, is experiencing margin compression, indicating that increased scrutiny from investors could temper near-term multiple expansion.
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Analyst Views on SAP
Wall Street analysts forecast SAP stock price to rise
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 174.620
Low
30.28
Averages
297.01
High
401.93
Current: 174.620
Low
30.28
Averages
297.01
High
401.93
About SAP
SAP SE (SAP) is a Germany-based application software company. The Company operates through two segments Applications, Technology & Support (ATS) segment and its Core Services segment. The ATS segment covers the Company’s integrated product portfolio and includes cloud subscription offerings, support services, and training solutions. It also encompasses activities related to operating cloud technologies and delivering customer support associated with its software products. The Core Services segment complements the Company’s product portfolio by delivering consulting and premium support services to assist customers in adopting its innovations. Revenue in this segment is primarily derived from professional services and enhanced support offerings, while costs arise from the execution of these service activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Partnership Legacy: As a long-standing SAP partner since its founding in 1997, Answerthink® has consistently focused on driving digital transformation, enabling clients to adopt innovations rapidly and enhance operational efficiency, thereby maintaining a competitive edge in a challenging market.
- Technological Investment: Answerthink® has made significant investments in the SAP Business Data Cloud platform, aiming to provide clients with a unified, intelligent data foundation that maximizes the potential of SAP solutions, resulting in enhanced insights and business performance.
- Industry Impact: This award not only highlights Answerthink®'s strong influence in the North American market but also underscores its ongoing commitment to innovation and application of SAP solutions, further solidifying its core position within the SAP ecosystem.
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- Integration Advantage: Utilizing the SAP Logistics Management (LGM) platform, the robots achieved seamless integration with the Cyberwave platform in minutes, showcasing SAP's technological advancements in physical AI and marking a transition from research to practical application in robotics.
- Rapid Adaptability: Cyberwave's system enables robots to quickly learn new tasks in dynamic environments, reducing the traditional weeks of engineering time to just hours, greatly enhancing operational flexibility and efficiency.
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See More
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- Unified AI Platform Launch: At the 2026 Sapphire conference, SAP introduced the unified SAP Business AI Platform, designed to enhance global business efficiency and safety by embedding AI agents into business processes, thereby creating new revenue streams and significant cost savings for customers.
- Autonomous Enterprise Solutions: The Autonomous Enterprise solution includes over 50 domain-specific Joule Assistants capable of automating end-to-end processes across finance and supply chain; for instance, the new Autonomous Close Assistant compresses the financial close process from weeks to days, greatly improving business responsiveness.
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See More
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- Integration and Efficiency Gains: The seamless integration of SAP Logistics Management (LGM) and the Cyberwave platform allows for task command translation in minutes, demonstrating the practical application of physical AI technology and driving the digital transformation of logistics operations.
- Rapid Adaptability: The Cyberwave platform enables operators to quickly train robots through simple demonstrations, reducing traditional systems' engineering time from weeks to hours, thereby enhancing robots' adaptability in dynamic environments and improving overall operational efficiency.
- Strategic Collaboration Significance: The partnership between SAP and Cyberwave not only showcases the potential of AI robots in modern logistics but also lays the groundwork for future smart warehousing solutions, propelling enterprises towards intelligent and sustainable development.
See More
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- Robotics Deployment: SAP successfully implements fully autonomous, AI-driven robots at its St. Leon-Rot logistics center in collaboration with Cyberwave, significantly enhancing warehouse operational efficiency as robots autonomously handle tasks like folding boxes, packaging, and shipping, thereby increasing throughput.
- Integration and Implementation: The API-oriented architecture of SAP Logistics Management (LGM) allows for seamless integration with the SAP Business Technology Platform (BTP) and Cyberwave platform within minutes, quickly adapting to dynamic logistics demands and reducing the cumbersome programming time required by traditional systems.
- Operational Efficiency Gains: The new system enables robots to perform diverse tasks in complex logistics environments, allowing operators to train robots on new tasks through simple demonstrations, drastically shortening training time from weeks to hours, which enhances employee satisfaction.
- Strategic Implications: This collaboration not only showcases SAP's technological advancements in the
See More
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- Award Recognition: Answerthink® was honored with the SAP® North America Partner Award at the 2026 SAP North America Partner Summit, acknowledging its outstanding contributions to SAP Business Data Cloud success, which reflects the high trust and recognition from clients.
- Partnership Legacy: As a long-standing SAP partner since its founding in 1997, Answerthink® has consistently focused on driving digital transformation, enabling clients to adopt innovations rapidly and enhance operational efficiency, thereby maintaining a competitive edge in a challenging market.
- Technological Investment: Answerthink® has made significant investments in the SAP Business Data Cloud platform, aiming to provide clients with a unified, intelligent data foundation that maximizes the potential of SAP solutions, resulting in enhanced insights and business performance.
- Industry Impact: This award not only highlights Answerthink®'s strong influence in the North American market but also underscores its ongoing commitment to innovation and application of SAP solutions, further solidifying its core position within the SAP ecosystem.
See More
SAP and Cyberwave Successfully Deploy AI Robots
- Successful Robot Deployment: SAP and Cyberwave have successfully deployed fully autonomous AI robots in the St. Leon-Rot warehouse in Germany, significantly enhancing operational efficiency as robots independently handle tasks like folding, packaging, and shipping, freeing human resources for higher-value work.
- Integration Advantage: Utilizing the SAP Logistics Management (LGM) platform, the robots achieved seamless integration with the Cyberwave platform in minutes, showcasing SAP's technological advancements in physical AI and marking a transition from research to practical application in robotics.
- Rapid Adaptability: Cyberwave's system enables robots to quickly learn new tasks in dynamic environments, reducing the traditional weeks of engineering time to just hours, greatly enhancing operational flexibility and efficiency.
- Strategic Partnership Significance: This collaboration not only enhances SAP's logistics capabilities but also provides Cyberwave with an opportunity to demonstrate the real-world application of its AI robots, signaling a future shift towards intelligent logistics in enterprises.
See More
SAP Launches Unified AI Platform to Enhance Business Efficiency
- Vision for Autonomous Enterprise: At the 2026 Sapphire conference, SAP introduced the concept of the Autonomous Enterprise, aiming to enhance global business workflows by integrating the SAP Business AI Platform with the SAP Autonomous Suite, thereby creating new revenue streams and significant cost savings for customers.
- AI Platform Integration: The SAP Business AI Platform unifies the SAP Business Technology Platform, SAP Business Data Cloud, and SAP Business AI into a governed environment, utilizing the SAP Knowledge Graph to provide AI agents with structured mappings of business entities and processes, ensuring accuracy and compliance in business decisions.
- Industry Solution Expansion: SAP's launch of Industry AI solutions includes seven autonomous solutions that embed sector-specific process logic and data models, helping clients like RWE reduce unplanned downtime of wind turbines, thereby enhancing operational efficiency.
- Accelerating Customer Transformation: SAP has established a €100 million fund to support partners in deploying AI assistants for customers, and through the RISE with SAP and SAP GROW programs, it accelerates AI adoption, ensuring clients receive the necessary technical support and resources during their transformation.
See More
SAP Launches Unified AI Platform to Enhance Business Efficiency
- Unified AI Platform Launch: At the 2026 Sapphire conference, SAP introduced the unified SAP Business AI Platform, designed to enhance global business efficiency and safety by embedding AI agents into business processes, thereby creating new revenue streams and significant cost savings for customers.
- Autonomous Enterprise Solutions: The Autonomous Enterprise solution includes over 50 domain-specific Joule Assistants capable of automating end-to-end processes across finance and supply chain; for instance, the new Autonomous Close Assistant compresses the financial close process from weeks to days, greatly improving business responsiveness.
- Accelerating Customer Journey: SAP established a €100 million fund to accelerate customer transitions to the Autonomous Enterprise, supporting customers and partners in deploying SAP-built AI assistants, ensuring that clients in the RISE with SAP and SAP GROW programs can activate multiple assistants within their first year to enhance AI adoption.
- Strategic Partnerships: SAP formed strategic partnerships with industry leaders like Anthropic, AWS, and Google Cloud to leverage foundational models like Claude to enhance Joule agents' capabilities while enabling bidirectional interoperability with external agent frameworks, further driving digital transformation for enterprises.
See More
SAP and Cyberwave Deploy AI Robots in Logistics Warehouse
- Autonomous Robot Operations: SAP successfully deployed fully autonomous AI robots in its logistics warehouse in St. Leon-Rot, Germany, capable of independently performing box folding, packaging, and shipping preparation, significantly enhancing warehouse productivity while alleviating repetitive labor burdens on employees.
- Integration and Efficiency Gains: The seamless integration of SAP Logistics Management (LGM) and the Cyberwave platform allows for task command translation in minutes, demonstrating the practical application of physical AI technology and driving the digital transformation of logistics operations.
- Rapid Adaptability: The Cyberwave platform enables operators to quickly train robots through simple demonstrations, reducing traditional systems' engineering time from weeks to hours, thereby enhancing robots' adaptability in dynamic environments and improving overall operational efficiency.
- Strategic Collaboration Significance: The partnership between SAP and Cyberwave not only showcases the potential of AI robots in modern logistics but also lays the groundwork for future smart warehousing solutions, propelling enterprises towards intelligent and sustainable development.
See More
SAP and Cyberwave Collaborate on Autonomous Robotics in Logistics
- Robotics Deployment: SAP successfully implements fully autonomous, AI-driven robots at its St. Leon-Rot logistics center in collaboration with Cyberwave, significantly enhancing warehouse operational efficiency as robots autonomously handle tasks like folding boxes, packaging, and shipping, thereby increasing throughput.
- Integration and Implementation: The API-oriented architecture of SAP Logistics Management (LGM) allows for seamless integration with the SAP Business Technology Platform (BTP) and Cyberwave platform within minutes, quickly adapting to dynamic logistics demands and reducing the cumbersome programming time required by traditional systems.
- Operational Efficiency Gains: The new system enables robots to perform diverse tasks in complex logistics environments, allowing operators to train robots on new tasks through simple demonstrations, drastically shortening training time from weeks to hours, which enhances employee satisfaction.
- Strategic Implications: This collaboration not only showcases SAP's technological advancements in the
See More
