In a recent research report, Morgan Stanley forecasted an improvement in the performance of German software behemoth SAP during the second quarter, based on a comprehensive survey of numerous SAP channel partners. The report cited sustained accelerated growth and favorable long-term trends tied to the S/4HANA transformation, investments in AI, and readiness for the public cloud. Consequently, the bank assigned SAP's German-listed shares an 'Overweight' rating, setting a target price of 285 euros and designating it as its top stock pick.
