AI transformation dividends strengthen the logic of profit growth! SAP (SAP.US) receives an upgrade to “Overweight” from JPMorgan, with target price raised to 275 euros

智通财经APP has learned that JPMorgan has upgraded its rating on SAP (SAP.US) from "Neutral" to "Overweight" in its latest research report. The bank believes that as artificial intelligence (AI) moves from the pilot phase to full-scale deployment, this shift will benefit Systems of Record providers such as SAP. At the same time, the bank notes that SAP's own AI products are also continuously improving. JPMorgan has raised its price target for SAP's European-listed shares from 175 euros in December 2027 to 275 euros in December 2028, representing an upside potential of approximately 30%.