AI transformation dividend strengthens profit growth logic! SAP (SAP.US) upgraded by JPMorgan to "Overweight," target price jumps to 275

Zhitong Finance APP has learned that JPMorgan, in its latest research report, upgraded SAP (SAP.US) from "Neutral" to "Overweight," because as artificial intelligence (AI) moves from the pilot stage to full-scale deployment, the bank believes this shift will benefit Systems of Record vendors such as SAP. At the same time, the bank believes that SAP's own AI products are also continuously improving. The bank raised its target price for SAP's European-listed shares from EUR 175 in December 2027 to EUR 275 in December 2028, implying upside of about 30%.