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A Quick Look at Today's Ratings for Guidewire Software(GWRE.US), With a Forecast Between $215 to $220

Moomoo News ·  Nov 19 21:00  · Ratings

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:

StockTodayLatestRating_mm_206880_20241119_en

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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