LONDON (IT BOLTWISE) – Despite growing skepticism about Europe’s ability to produce successful tech companies, there are some promising players on the continent. Analyst Dan Ives highlights SAP, ASML, Klarna and Spotify as companies that offer potential for growth despite the challenges.
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Despite the challenges, there are some companies in the European tech landscape that make analysts like Dan Ives optimistic. SAP, ASML, Klarna and Spotify are four such companies that show potential for growth despite general skepticism about Europe’s tech sector. These companies are in focus because they are making significant progress in their respective fields and strengthening their market position despite competition from the US and Asia.
SAP, the German software company, has seen its share price fall by 11.4% in 2025. Nevertheless, analysts see significant growth potential. With a target price of 286.42 euros, an increase of 35.9%, SAP is considered one of the most promising companies for 2026. Bank of America highlights that SAP’s advances in artificial intelligence could further propel the company forward.
ASML, the Dutch semiconductor equipment provider, has already seen shares rise 38.6% this year. With a target price of 972.44 euros, analysts see little further growth potential. Nevertheless, ASML remains a key player in the field of artificial intelligence, as its machines are essential for producing the most advanced chips.
Klarna, the Swedish buy now, pay later services company, has seen its share price fall 19% since its stock market debut. However, analysts see significant upside potential with a target price of $45.63. Klarna exceeded expectations in its first quarterly report after going public and is benefiting from strong growth in the US.
Spotify, the Swedish music streaming service, has seen its share price rise by 33.9% in 2025. The company beat Wall Street expectations with third-quarter revenue growth of 12%. Analysts predict that Spotify could increase the prices of its subscriptions in 2026, which could lead to further revenue growth.
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