Reported 3 days ago
SAP SE is gaining attention on Wall Street for its strategic pivot towards AI-driven solutions, evident following the recent Sapphire Conference where it showcased innovations like suite-as-a-service applications and its Business Data Cloud. JPMorgan analyst Toby Ogg reiterated an 'Overweight' rating and a EUR290 price target, highlighting the potential growth from SAP's partnerships, particularly with Databricks, despite some cash conversion challenges noted by CFO Dominik Asam. Overall, SAP ranks 10th among AI stocks monitored by Wall Street.
Source: YAHOO