Stifel analyst J. Parker Lane raised the firm’s price target on Guidewire (GWRE) to $300 from $270 and keeps a Buy rating on the shares. Guidewire “capped off a very successful year of cloud momentum” with a record quarter, the analyst tells investors. The company’s announcement of a ten-year deal with Liberty Mutual to migrate ClaimCenter to cloud and adopt PolicyCenter in cloud was further validation of the progress the company has made and “an exclamation point on the print,” the analyst added.
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