Piper Sandler Reaffirms Overweight Rating on SAP Amid Cloud Momentum

SAP SE (NYSE:SAP) is one of the best 52-week high stocks to buy now. On July 23, Piper Sandler reaffirmed its Overweight rating on SAP while adjusting the price target to €345 from €355. The firm cited extended sales cycles in the U.S. public sector and manufacturing due to trade uncertainty, which could impact execution in the second half of 2025. Despite this, SAP’s cloud ERP segment continues to shine, posting 34% year-over-year growth in constant currency.

Piper Sandler trimmed its 2025 revenue forecast based on lower pipeline conversion but praised SAP’s cost discipline and commitment to its €8 billion free cash flow goal. The firm still considers SAP one of the top large-cap software growth stocks, favoring it alongside Microsoft and Oracle over Workday.

SAP SE (NYSE:SAP) is a global leader in enterprise application software, providing solutions for businesses. It offers a suite of integrated applications that connect various parts of a business to enhance efficiency and facilitate data sharing. Its software helps companies manage multiple business processes in real-time, including finance, procurement, HR, supply chain, and customer experience.

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Disclosure: None. This article is originally published at Insider Monkey.