Wells Fargo is Positive on SAP SE (SAP) Heading Into 2026

SAP SE (NYSE:SAP) is one of the 10 Best NYSE Stocks to Buy According to Analysts. On January 8, Wells Fargo released its 2026 outlook for the software sector and pointed out that established platforms are in a strong position to benefit from increased adoption of AI. The firm said that as AI becomes a top priority for company executives, businesses are increasingly moving towards trusted, mission-critical platforms, particularly in areas like enterprise resource planning (ERP) systems.

Wells Fargo explained that software vendors that already manage critical business data systems are best placed to attract additional AI spending. As companies consolidate vendors and move AI tools from pilot programs into production, trust and existing customer relationships are expected to play a bigger role. The research firm identified SAP SE (NYSE:SAP) as its preferred name in this space.

Earlier, on January 7, SAP SE (NYSE:SAP) announced the appointment of David Robinson, who has 22 years of experience at the company,  as president of SAP North America. Robinson recently served as president and chief revenue officer for Cloud ERP and acting managing director for SAP US Public Services. His focus will be on improving customer outcomes, supporting business transformation, and helping organizations realize the true value of SAP SE’s (NYSE:SAP) solutions.

SAP SE (NYSE:SAP) is a German multinational software company with a leading position in enterprise applications and business AI. The company is one of the world’s largest providers of enterprise resource planning software.

While we acknowledge the potential of SAP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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