Goldman Sachs is sounding the alarm to clients that technology stocks are overvalued

  • 📰 CNBC
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines