Goldman Sachs Declares 'Open Season' on Software Stocks — IGV Up 4% as Valuations Hit Decade Lows

The Motley Fool·high signal

Goldman Sachs chief global equity strategist Peter Oppenheimer identified a 'value opportunity' in software, noting the tech sector's valuation premium has fallen to its lowest level in roughly a decade. Through April 10, IGV was down 30% YTD while the S&P 500 was flat. Goldman highlighted that software net debt-to-equity ratios remain significantly lower than the rest of the market, and the sector's P/E ratio is now below consumer staples — triggering a broad-based buying signal that sent SaaS stocks up 4%+ on Monday.