NEW YORK (dpa-AFX Broker) – The US bank JPMorgan has left the rating for SAP (SAP SE) at “Overweight”. The Walldorfers are “the best house in a bad area,” wrote Toby Ogg on Tuesday evening after recent discussions with more than 50 investors. An increasingly deteriorating mood regarding the European software industry has emerged. The industry is no longer just guilty in the face of counter-evidence, but downright prejudged. The problem is that investors’ main concerns can only be dispelled in the long term. Current earnings surprises are no longer enough. The key question is: Does the topic of artificial intelligence provide lasting impetus, or does it cause headwinds in the long term? Investors are still relatively well positioned in SAP even after strong outflows of funds from the industry./ag/la
Publication of the original study: February 3, 2026 / 4:26 p.m. / GMT First time distribution of the original study: February 4, 2026 / 12:15 a.m. / GMT
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