Oppenheimer previews top SMid-Cap SaaS stocks ahead of Q3 earnings
Published . Updated .
Investing.com -- Software sentiment and valuations have rebounded quarter-to-date, but investors remain cautious on fundamentals, especially across small-cap SaaS companies, according to Oppenheimer analyst Ken Wong. The firm has observed an uptick in merger and acquisition
Directly affected
- No company is named in this report.
Indirectly affected
- IGV iShares Expanded Tech-Software ETF+6.6% 8d
iShares Expanded Tech-Software ETF: it holds software companies. Linked by “saas” (software) in this story.
- MSFT Microsoft+4.0% 30d
Microsoft (prepackaged software): software firms move with business tech spending. Linked by “saas” (software) in this story.
- ORCL Oracle-12.4% 30d
Oracle (prepackaged software): software firms move with business tech spending. Linked by “saas” (software) in this story.
- CRM Salesforce-3.2% 30d
Salesforce (prepackaged software): software firms move with business tech spending. Linked by “saas” (software) in this story.
- GOOGL Alphabet-21.2% 30d
Alphabet (computer programming, data processing, etc.): software firms move with business tech spending. Linked by “saas” (software) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| IGV | +9.65% | +5.95% | base | after close | after close | after close | after close |
| MSFT | +4.85% | +4.61% | base | after close | after close | after close | after close |
| ORCL | +9.61% | +17.18% | base | after close | after close | after close | after close |
| CRM | +6.55% | +2.09% | base | after close | after close | after close | after close |
| GOOGL | +14.89% | +1.62% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Oppenheimer previews top SMid-Cap SaaS stocks ahead of Q3 earnings Yahoo Finance Singapore
Source: Yahoo Finance
How far Ishares Tr (IGV) has moved since 2 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Salesforce (CRM) | three days earlier | +2.09% | final price |
| Salesforce (CRM) | five days earlier | +6.55% | final price |
| Alphabet (GOOGL) | three days earlier | +1.62% | final price |
| Alphabet (GOOGL) | five days earlier | +14.89% | final price |
| Ishares Tr (IGV) | three days earlier | +5.95% | final price |
| Ishares Tr (IGV) | five days earlier | +9.65% | final price |
| Microsoft (MSFT) | three days earlier | +4.61% | final price |
| Microsoft (MSFT) | five days earlier | +4.85% | final price |
| Oracle (ORCL) | three days earlier | +17.18% | final price |
| Oracle (ORCL) | five days earlier | +9.61% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold Microsoft (MSFT) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 31 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Lisa McClain bought Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 30 Sep 2026. That is 33 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael Rulli sold Microsoft (MSFT), worth $1,001 - $15,000 on 28 Sep 2026. That is 35 days before publication. Filed 2 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Oracle (ORCL) (held by a dependent child), worth $1,001 - $15,000 on 30 Sep 2026. That is 33 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Oracle (ORCL) (held by a spouse), worth $1,001 - $15,000 on 30 Sep 2026. That is 33 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Oracle (ORCL) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 38 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Salesforce (CRM), worth $1,001 - $15,000 on 24 Sep 2026. That is 39 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Salesforce (CRM), worth $15,001 - $50,000 on 17 Aug 2026. That is 77 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Tony Wied bought Salesforce (CRM) (jointly held), worth $15,001 - $50,000 on 14 Aug 2026. That is 80 days before publication. Filed 2 Sep 2026. View the filing.
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 49 days before publication. Filed 18 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Alphabet (GOOGL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 59 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Thomas H. Kean Jr sold Alphabet (GOOGL), worth $1,001 - $15,000 on 27 Aug 2026. That is 67 days before publication. Filed 12 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares Tr (IGV)
Companies mentioned with this story
- IGV Ishares Tr
In “Oppenheimer previews top SMid-Cap SaaS stocks ahead of Q3 earnings,” Ishares Tr (IGV) is linked, with no stored direction, medium confidence. Reason on file: iShares Expanded Tech-Software ETF: it holds software companies. Linked by “saas” (software) in this story
- MSFT Microsoft
In “Oppenheimer previews top SMid-Cap SaaS stocks ahead of Q3 earnings,” Microsoft (MSFT) is linked, with no stored direction, medium confidence. Reason on file: Microsoft (prepackaged software): software firms move with business tech spending. Linked by “saas” (software) in this story
- ORCL Oracle
In “Oppenheimer previews top SMid-Cap SaaS stocks ahead of Q3 earnings,” Oracle (ORCL) is linked, with no stored direction, medium confidence. Reason on file: Oracle (prepackaged software): software firms move with business tech spending. Linked by “saas” (software) in this story
- CRM Salesforce
Salesforce (CRM) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Oppenheimer previews top SMid-Cap SaaS stocks ahead of Q3 earnings.” Reason on file: Salesforce (prepackaged software): software firms move with business tech spending. Linked by “saas” (software) in this story
- GOOGL Alphabet
For “Oppenheimer previews top SMid-Cap SaaS stocks ahead of Q3 earnings,” Alphabet (GOOGL) is linked, with no stored direction, medium confidence. Reason on file: Alphabet (computer programming, data processing, etc.): software firms move with business tech spending. Linked by “saas” (software) in this story
Ishares Tr (IGV)
The 2 Nov 2026 story “Oppenheimer previews top SMid-Cap SaaS stocks ahead of Q3 earnings” names Ishares Tr (IGV) because of this story.
The link for Ishares Tr (IGV) is this: iShares Expanded Tech-Software ETF: it holds software companies. Linked by “saas” (software) in this story
Microsoft (MSFT) is here too. Its reason reads: Microsoft (prepackaged software): software firms move with business tech spending. Linked by “saas” (software) in this story
Dates and price levels for Ishares Tr (IGV)
IGV traded between 108.83 and 112.61 across 4 sessions. The latest close on file is 112.59. MSFT traded between 514.54 and 551.08 across 20 sessions. The latest close on file is 521.97. ORCL traded between 122.78 and 148.43 across 20 sessions. The latest close on file is 130.70.
A simple score for Ishares Tr (IGV)
47 out of 100
“Oppenheimer previews top SMid-Cap SaaS stocks ahead of Q3 earnings” scores 47 out of 100. The score uses 2 sources, and 5 linked companies.