10 Tech News Updates Investors Should Not Miss

7. SAP SE (NYSE:SAP)

Number of Hedge Fund Holders: 27

SAP SE (NYSE:SAP) is a multinational software company involved in enterprise applications and business AI. On March 6th, BofA Global Research reaffirmed its “Buy” rating on the company’s stock with a price objective of 307 euros, mainly due to the company’s growth potential backed by its cloud migration and artificial intelligence strategies.

Analysts noted that the company’s IT budgets are expected to increase by 4.9% in 2025 compared to 3.8% in 2024 as the company outlines its robust spending aspirations. The company’s RISE offering, which helps businesses transition to SAP Business Suite is slated to impact cloud migrations.

“We expect approximately 25% earnings growth coupled with stable multiples to drive further share price upside,” BofA said.