The valuation for growth stocks is high and software in particular now carries the highest multiples since the Tech Bubble, Goldman said.
It's about time to write off high-growth tech stocks, Goldman Sachs warned, saying the double whammy of sky-high valuation and elevated regulation is becoming a "hazard" to the group. 's 15% gain in 2019, the rally has also stretched valuations to extremely high levels. The tech sector carries a valuation premium two standard deviations above its 10-year average across a range of metrics, Goldman noted. Within tech, software stocks now have the highest multiple near the peak of the dot-com bubble, the bank said.
Goldman Sucks trying to get cheaper entries $MDB $AYX $OKTA Pathetic manipulators
Please give me the symbol of ANY equity which is 'undervalued'.... This is the problem with central bank controlled FAKE markets. GuyAdami MelissaLeeCNBC