Goldman’s Snider Says Analysts Turn Positive on Software Profits

Analysts are lifting earnings estimates for software stocks, undeterred by the selloff over artificial intelligence disruption worries, according to Goldman Sachs Group Inc. strategists.

Two-year forward earnings estimates for software stocks have risen by 5% over the last three months, the team led by Ben Snider wrote in a note. Industries thought to face the worst threat from AI received positive revisions to 2026 earnings-per-share projections, while also posting double-digit growth in fourth quarter earnings, they said.