Goldman Sachs Says the Artificial Intelligence (AI) Software Sell-Off Was Overdone. Here Are the Best Growth Stocks to Buy Now.
Publish Date: 2026-05-03 02:56:00
Source Domain: www.theglobeandmail.com
- SaaS Sector Sell-Off: Software-as-a-service (SaaS) companies faced a severe sell-off in Q1 due to fears that AI would replace traditional software services.
- Goldman Sachs Insights: Goldman Sachs criticized the sell-off as excessive, pointing out that there will be winners and losers in the AI disruption.
- Figma’s Strong Performance: Despite a 50% drop in share price, Figma reported a 41% sales growth in 2025 to $1.1 billion, driven by new customers and AI integrations.
- AI Integration and Growth Projections: Figma is integrating AI into its design tools, attracting more usage and forecasting $1.4 billion in sales for 2026.
- Atlassian’s Resilience: Atlassian’s stock plunged almost 60%, but strong Q3 2026 financial results showed sustained user growth and rising AI credit usage.
- Rovo’s Success and Financial Health: Atlassian’s AI solution, Rovo, is gaining traction and contributes to a 32% revenue growth to $1.8 billion in Q3 2026.
- Valuation Attractiveness: Both Figma and Atlassian now offer attractive stock valuations due to their discounted prices relative to their forward price-to-sales ratios amid market sell-offs.
- Investment Opportunity Highlighted: Analysts advise considering both stocks as potential buys given their growth in sales, AI adoption, and attractive valuation after recent declines.
