Oppenheimer raised the firm’s price target on Guidewire (GWRE) to $275 from $230 on higher estimates, while keeping an Outperform rating on the shares. The firm notes Guidewire delivered ARR well above consensus driven by 17 cloud deals, nine migrations, and growing momentum with InsuranceNow. Guidewire remains Oppenheimer’s top SMID pick, with strong P&C trends and a resilient operating profile forming a unique blend of offense and defense.
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 $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
- Guidewire’s Strong Growth and Cloud Transition Drive Buy Rating