BMO Capital Keeps Outperform Rating on SAP After Sapphire 2026 Conference

SAP SE (NYSE:SAP) is one of the 10 AI Stocks That Are About to Explode. On May 15, BMO Capital reaffirmed its Outperform rating on SAP SE (NYSE:SAP) with a price target of $200 on the stock after attending the company’s Sapphire 2026 conference.

The research firm spent two days at the conference and came out more positive about SAP SE’s (NYSE:SAP) growth outlook. BMO Capital believes the stock trades at a compelling valuation. The firm said that it expects the company to maintain low double-digit growth over the next few years.

BMO Capital Keeps Outperform Rating on SAP After Sapphire 2026 Conference

However, BMO Capital noted that it does not see any meaningful upside to estimates in calendar year 2026, and it also pointed to some downside risk depending on the situation in the Middle East.

At its annual Sapphire conference, SAP SE (NYSE:SAP) introduced its Autonomous Enterprise, which is designed to improve key business workflows by enabling humans and AI to work together more effectively, safely, and profitably.

SAP SE (NYSE:SAP) is a German multinational software company with a leading position in enterprise applications and business AI. The company is one of the world’s largest providers of enterprise resource planning software.

While we acknowledge the risk and potential of SAP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SAP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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