10 Mega-Cap Stocks That Could Continue Surging Post 52-Week Highs

2. SAP SE (NYSE:SAP)

SAP SE is a technology, applications, and services provider. It provides software solutions for manufacturing, finance, and other services. The company’s share hit a 52-week high recently, highlighting its strong market performance.

It has been a key AI player in the last couple of years. If we look at the company’s past year performance, the stock gained over 60%. TD Cowen also just upgraded the company from Hold to Buy and increased the target price from $240 to $305.

The company has demonstrated a strong financial performance in the recent past. In Q3 total revenues were up 9% in euros, but revenue expectations were not met in terms of USD. GAAP was also higher than expected. Seeing how the stock performed in the previous year, investors will hope the trend continues into 2025.