BTIG assumes Guidewire at Buy, says would take advantage of weakness

BTIG assumed coverage of Guidewire (GWRE) with a Buy rating and $250 price target Guidewire is a “runaway leader” in modernizing the property and casualty insurance market with a platform that helps insurers manage core operations, which the firm estimates to be a roughly $18B opportunity, the analyst tells investors in a research note. The firm added that a “premium asset” like Guidewire warrants a premium and coming off a blowout Q1, it would be taking advantage of recent weakness in shares.