Guidewire price target raised to $230 from $220 at Baird

Baird raised the firm’s price target on Guidewire (GWRE) to $230 from $220 and keeps an Outperform rating on the shares. The firm believes the recent selloff in the shares is overdone as they see accelerating ARR growth and upside to estimates; they think an unexpected acceleration may transpire in FY26 when consensus expects deceleration and instead gets acceleration; and the FCF/share potential over next 3-4 years supports a $230-300 stock