Raymond James raised the firm’s price target on Guidewire (GWRE) to $255 from $225 and keeps an Outperform rating on the shares. Guidewire reported record Q3 bookings, the third largest quarter of all time, that drove accelerating net new annual recurring revenue growth and a higher outlook, the analyst tells investors in a research note. Guidewire continues to execute on all cylinders, the firm says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GWRE:
- Guidewire price target raised to $290 from $230 at RBC Capital
- Guidewire price target raised to $160 from $135 at BofA
- Guidewire’s High Valuation and Limited Upside Potential: Sell Rating Reiterated
- Guidewire price target raised to $271 from $231 at JPMorgan
- Guidewire price target raised to $270 from $230 at Stifel