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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs combining its private-investing units: WSJWall Street bank Goldman Sachs Group Inc is combining its private-investing arms...
Read more »
Goldman Sachs is reportedly combining four private-investing units with $140 billion in total assetsThe newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its stagnant stock price.
Read more »
Goldman Sachs Wants to Look More Like BlackstoneGoldman Sachs is pulling together four separate units that invest in private companies, real estate and other hard-to-access deals, creating a new unit.
Read more »
Goldman skeptical of 'insurance' U.S. rate cuts from FedGoldman Sachs economists said on Sunday they are skeptical of 'insurance&qu...
Read more »
'I am not a monster, I simply am Amanda,' says Knox on tearful return to ItalyAmanda Knox returned to Italy for the first time since being acquitted of murder, speaking at a criminal justice event: “I am not a monster, I am simply Amanda.”
Read more »
Goldman Sachs is reportedly combining four private-investing units with $140 billion in total assetsThe newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its stagnant stock price.
Read more »