Guidewire (GWRE) stock was on the rise Friday as analysts updated their coverage of the software solutions company following its Fiscal Q4 earnings report.
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Let’s dive into the latest analyst updates for GWRE stock.
- Five-star Oppenheimer analyst Kenneth Wong reiterated a Buy rating and increased his price target to $300 from $275, representing a potential 19.88% upside.
- Needham analyst Mayank Tandon maintained a Hold rating and no price target for GWRE shares.
- Stifel analyst J. Parker Lane kept a Buy rating and raised his price target to $300 from $270.
- Baird analysts maintained a Buy rating and boosted their price target to $288 from $270, suggesting a possible 15.58% upside.
- Raymond James analysts stuck with a Buy rating and increased their price target to $275 from $255, implying a potential 10.37% upside.
- RBC Capital analysts reiterated a Buy rating and raised their price target to $300 from $290.
The largely positive coverage of Guidewire stock comes after the company posted adjusted earnings per share of 84 cents on revenue of $356.57 million. These both beat out Wall Street’s estimates of 64 cents per share and revenue of $337.82 million. The company’s EPS and revenue also both experienced strong year-over-year growth.
Guidewire Stock Movement Today
Guidewire stock was up 15% on Friday, extending a 48.02% year-to-date rally. The shares have also climbed 34.18% over the past 12 months. GWRE stock experienced strong early morning trading today, with some 494,000 shares traded, which was closing in on a three-month daily average of about 589,000 units.
Is Guidewire Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Guidewire is Moderate Buy, based on five Buy and three Hold ratings over the past three months. With that comes an average GWRE stock price target of $271.14, representing a potential 7.81% upside for the shares. These ratings and price targets will likely change as more analysts update their coverage after the earnings report.
