On Nov 19, major Wall Street analysts update their ratings for $Guidewire Software (GWRE.US)$, with price targets ranging from $215 to $220.
Wells Fargo analyst Michael Turrin maintains with a buy rating, and maintains the target price at $215.
Baird analyst Joseph Vruwink maintains with a buy rating, and adjusts the target price from $204 to $220.
Oppenheimer analyst Kenneth Wong maintains with a buy rating, and adjusts the target price from $200 to $220.
Stifel analyst J. Parker Lane maintains with a buy rating, and adjusts the target price from $200 to $220.
RBC Capital analyst Rishi Jaluria maintains with a buy rating, and maintains the target price at $215.
Furthermore, according to the comprehensive report, the opinions of $Guidewire Software (GWRE.US)$'s main analysts recently are as follows:
After attending Guidewire's annual customer and partner meeting, the Connections conference in Nashville, it was noted that management advocated strongly for transitioning from on-premise solutions to its latest upgrades. The move to the cloud is being embraced, as nearly half of core customers are now committed to cloud solutions. This trend is expected to accelerate with the integration of AI features in future releases.
The firm maintains its strong outlook on the shares as recent partner surveys indicate an improving demand for cloud services from an already robust environment anticipated for FY23-24. This is particularly notable in migrations and areas of the market that are currently under-penetrated.
During a full day at Guidewire Connections, analysts engaged in product sessions, interacted with partners and customers, and connected with management, gaining insights into the company's operations. The CEO emphasized a strong commitment to driving customer success and furthering the transition to cloud-based solutions.
The firm recently gathered insights from customers and key partners at Guidewire Connections in Nashville. They continue to observe evidence suggesting a consistent increase in cloud momentum.
Here are the latest investment ratings and price targets for $Guidewire Software (GWRE.US)$ from 6 analysts:
Note:
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