SAP SE (SAP)’s Strategic Pivot Drives Optimism – JPMorgan Reaffirms Overweight Rating

We recently published a list of 10 AI Stocks on Wall Street’s Radar. In this article, we are going to take a look at where SAP SE (NYSE:SAP) stands against other AI stocks on Wall Street’s radar.

SAP SE is a leader in ERP software that leverages artificial intelligence to enhance its enterprise resource planning (ERP) solutions. On May 23, JPMorgan analyst Toby Ogg reiterated an “Overweight” rating and EUR290.00 price target on the stock. The reiteration follows SAP’s Sapphire Conference in Orlando, where the company demonstrated a strategic pivot, focusing on suite-as-a-service applications, its Business Data Cloud, and artificial intelligence initiatives such as Joule & AI Agents.

Ogg also pointed toward early interest in SAP’s Business Data Cloud. Moreover, discussions with key SAP partners revealed eagerness for the company’s integration with Databricks, a partnership that allows companies to prepare enterprise data for AI capabilities. The firm believes that these initiatives are seen as growth drivers and aren’t fully reflected in consensus views, offering potential upside.

SAP SE (SAP)’s Strategic Pivot Drives Optimism - JPMorgan Reaffirms Overweight Rating

A data centre room with cloud technology, illustrating the enterprise application software services.

SAP’s CFO, Dominik Asam, talked about some challenges impacting cash conversion in 2026, but at the same time, also noted the sustainability of SAP’s growth. Overall, the firm holds a positive view about the company’s revenue growth through 2027. This supports a mid-term investment case for the stock.

READ NEXT: 12 AI Stocks Making Waves on Wall Street Today and 10 AI Stocks on Latest News and Ratings.

This article is originally published at Insider Monkey.