The Zacks Analyst Blog Highlights SAP SE, Novo Nordisk, Thermo Fisher Scientific and FONAR

Zacks Equity Research

Thu, Jul 10, 2025, 5:35 AM 6 min read

Chicago, IL – July 10, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: SAP SE SAP, Novo Nordisk A/S NVO, Thermo Fisher Scientific Inc. TMO and FONAR Corp. FONR.

The Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including SAP SE, Novo Nordisk A/S and Thermo Fisher Scientific Inc., as well a micro-cap stock FONAR Corp. The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.

These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

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You can read today’s AWS here >>> Pre-Markets Shrug Off Trade Deadline, FOMC Minutes Out Today

Today’s Featured Research Reports

SAP’s shares have outperformed the Zacks Computer – Software industry over the past year (+53.6% vs. +13.3%). The company is gaining momentum in the cloud business, especially regarding its Cloud ERP Suite and the rising adoption of the “Rise with SAP” and “Grow with SAP” solutions. Steady growth in its Cloud backlog also bodes well.

SAP remains confident in its growth trajectory and has reaffirmed its outlook, expecting cloud revenues of €21.6-€21.9 billion for 2025, up 26–28% at constant currency from €17.14 billion in 2024. Operating profit growth in the first quarter of 2025 was driven by efficiencies from the successful 2024 transformation program, aiding margins.

However, ongoing softness in the software license and services business continues to weigh on performance. In the first quarter, software license revenues declined 10% year over year, while services revenue fell 1%. Also, intense competition in the cloud space remains a concern.