Daiwa rates SAP as "hold" and points out that the stock is its top pick.

Morgan Stanley recently released a research report stating that their survey of dozens of SAP channel partners showed that the German software giant's second quarter performance is expected to improve, with growth continuing to accelerate. The positive trends around S/4HANA transformation, AI investment, and the long-term trend towards public cloud readiness remain. The bank rates SAP's stock listed in Germany as "hold" with a target price of 285.00 euros, and points out that the stock is their top pick.