IGV SaaS ETF Bounces 5% — But Analysts Warn Selloff Structural, Not Technical

24/7 Wall St.·low signal

After the SaaSpocalypse selloff, the IGV SaaS ETF bounced 5% in early March but analysts at 24/7 Wall St. warn the recovery is technical not structural — the underlying seat compression thesis remains intact. Companies unable to transition from seat-based to consumption or outcome-based models face continued multiple compression independent of short-term price action. The bounce is being used by sellers as an exit, not buyers as an entry.