William Blair analyst Dylan Becker has maintained their bullish stance on GWRE stock, giving a Buy rating yesterday.
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Dylan Becker has given his Buy rating due to a combination of factors that highlight Guidewire’s strong start to its fiscal year, particularly in a period that is typically slower for the company. The impressive growth in annual recurring revenue and total revenue, which increased by 22% and 27% respectively, underscores the company’s successful sales activities and the strategic importance of core-system modernization in the property and casualty market.
Moreover, the company’s management has shown confidence in maintaining this momentum by raising its full-year outlook, which aligns with the strong quarterly performance. This optimism is further supported by a robust demand environment, increasing modernization needs, and expanding platform activities. The consistent improvements in cloud deals and margins also contribute to the positive outlook, suggesting that Guidewire is well-positioned to achieve and potentially exceed its financial targets for fiscal 2028.
In another report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $300.00 price target.