Deutsche Bank Upgrades Software to Overweight — Calls SaaSpocalypse a Buying Opportunity, Says Stocks at 'Massive Discount'

Inc.·medium signal

Deutsche Bank upgraded the software sector to overweight on March 10, arguing the SaaSpocalypse selloff has overcorrected and stocks now trade at a massive discount. The bank is differentiating between 'vulnerable' software (commodity workflows easily automated by agents) and 'defensible' software (design/engineering tools, vertical AI-native platforms), with design and engineering commanding premium multiples while commodity categories get punished.