Here’s Why ​SAP SE (SAP) is One of the Best Stocks to Buy Before the Next Bull Run

​SAP SE (NYSE:SAP) has fallen 27.93% on a year-to-date basis, but Wall Street expects more than 48.45% upside over the next 12-months. The stock also ranks among our Best Stocks to Buy Before the Next Bull Run as it is trading close to its 52-week lows and analysts expect significant upside.

​SAP SE (NYSE:SAP) has gained spotlight after its fiscal Q1 2026 earnings, released on April 23. During the quarter, the company posted $11.17 billion in revenue, reflecting 8.44% year-over-year but missing the consensus by $17.79 million. On the bright side, the GAAP EPS came in at $1.94 and topped the estimates by $0.14.

Here's Why ​SAP SE (SAP) is One of the Best Stocks to Buy Before the Next Bull Run

​Management attributed quarterly growth to 19% year-over-year growth in Cloud revenue and 23% growth in Cloud ERP Suite. Notably, the company’s backlog grew by 20% to reach €21.9 billion.

​Following the result, on April 30, Adam Wood from Morgan Stanley reiterated a Buy rating on the stock with a price target of €190. Earlier, on April 29, Barclays reiterated a Buy rating on the stock and raised the price target from $256 to $257. Analysts at Barclays noted that during Q1, management addressed key AI concerns, which have reduced downside risks for Sapphire.

​SAP SE (NYSE:SAP) is a multinational enterprise software company that provides solutions for enterprise resource planning, supply chain management, procurement, and customer experience. Its offerings include the SAP S/4HANA and SAP Business Technology Platform.

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