Guidewire price target raised to $247 from $199 at Citi

Citi analyst Tyler Radke raised the firm’s price target on Guidewire (GWRE) to $247 from $199 and keeps a Neutral rating on the shares. The company reported one of its strongest quarterly beats, “which is impressive in the macro environment,” the analyst tells investors in a research note. However, the firm says the shares are trading “at a lofty multiple.”