15 Best European AI Stocks According to Morgan Stanley

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3. SAP SE (NYSE:SAP)

Number of Hedge Fund Holders: 24    

SAP SE (NYSE:SAP) is a German firm that provides applications, technology, and services worldwide. The company has pledged to launch nearly 100 AI-focused products this year. This is part of a larger plan by the software and analytics firm to integrate AI into a suite of cloud offerings for business clients. As part of this plan, the firm released Joule, a virtual AI assistant, last year. The assistant was designed to help the customers of the firm intelligently sift through their enterprise resource planning (ERP) data. The company is planning to shift focus towards US markets and this could drive further investor interest towards the stock.

Morgan Stanley analyst Adam Wood recently noted that SAP SE (NYSE:SAP) is well positioned to capitalize on the emerging generative AI market opportunity. Wood believes this is because of  the large quantity of business data that the firm has and the AI functionality it powers that data with, which is embedded into core products already. Morgan Stanley has a target price of €224 on the stock, signifying upside potential of over 18%.

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