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US Stock Market Move: SAP rises 2.6% pre-market as Bank of America reiterates “Buy” rating and lists it as the top pick among large software stocks

US Stock Market Move: SAP rises 2.6% pre-market as Bank of America reiterates “Buy” rating and lists it as the top pick among large software stocks

格隆汇格隆汇2026/06/23 08:58
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Glonghui, June 23 — SAP SE (SAP.US) rose 2.6% in pre-market trading to $153.34. According to reports, Bank of America Securities analyst Frederic Boulan reiterated a "Buy" rating on SAP SE, naming it the top large-cap software stock for 2026 and maintaining a target price of €210. The analyst pointed out that there has been a slowdown in the second-quarter cloud business and EBIT trends, and geopolitical uncertainty could lead to adjustments in performance guidance. However, he still expects SAP to achieve industry-leading revenue growth of over 10%. This expectation is based on increased cloud business penetration and scaled commercialization of artificial intelligence from 2027 onward.
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