11 Best Places to Invest Money Without Risk

Page 2 of 10

9. SAP SE (NYSE:SAP)

5-year return as of July 3, 2025: 102.38%

SAP SE (NYSE:SAP) has made it to the top 10 Europe, the Middle East, and Africa (EMEA) Ideas list of Bank of America (BofA) for the third quarter of 2025, with an unchanged Buy rating and €320 price target. Having said that, SAP is BofA’s top large-cap software choice and features on both its “25 Stocks for 2025” and Europe 1 list of top ideas.

Among the various reasons for this optimism are robust revenue visibility, structural operating leverage, and AI integration. The company’s strong financial footing is reinforced by its recurring revenues and cloud backlog growth, standing at 95% and 29%, respectively, in the first quarter. The bank also highlights that while powering AI, SAP SE (NYSE:SAP) has driven as high as 30% efficiency gains. Additionally, the Gen AI popularity is rising, with around 34,000 customers already capitalizing on Business AI.

BofA also points towards a more favorable medium-term outlook by SAP SE (NYSE:SAP), with expectations of support revenue to be more than five times Cloud revenue in the next two years, in contrast to the previous two to three times.

SAP SE (NYSE:SAP) is a German global enterprise application and business solutions provider. The core offerings of the company include SAP S/4HANA, SAP SuccessFactors, SAP Business Technology Platform, and SAP customer experience solutions. Founded in 1972, the company is committed to helping the world run better.

Page 2 of 10