SAP rises after JPM upgrade on enterprise AI appeal

** Shares in SAP SAPG.DE are up around 2% after JPMorgan raised its rating on the German software company to "overweight" from "neutral"

** JPM says enterprise AI is moving from experimentation to large-scale deployment

** Growing enterprise focus on data, controls and cost discipline needed to roll out AI at scale is strengthening the competitive position of incumbent software platforms such as SAP, JPM says

** JPM also notes that SAP's own AI offering is improving

** It adds that further workforce transformation and AI-driven efficiencies could support margins

** JPM raises its 2026-2028 EBIT and EPS forecasts by low- to mid-single-digit percentages, mainly on expectations for stronger margin expansion

** The stock is among top performers on Germany's blue-chip index .GDAXI