Stifel raised the firm’s price target on Guidewire (GWRE) to $270 from $230 and keeps a Buy rating on the shares following what the firm calls “a healthy quarter across the board” in fiscal Q3. Q4 estimates moved in the right direction as well, with ARR and subscription revenue tracking ahead of expectations, says the analyst, who adds that Guidewire continues to display positive cloud momentum.
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Read More on GWRE:
- Guidewire price target raised to $275 from $230 at Oppenheimer
- Guidewire price target raised to $265 from $220 at Wells Fargo
- Guidewire: Balancing Growth Opportunities and Market Challenges Amidst Macroeconomic Sensitivities
- Guidewire price target raised to $281 from $250 at Citizens JMP
- Guidewire’s Strong Performance and Market Positioning Balanced by Stretched Valuation: Hold Rating Maintained
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