Oppenheimer raised the firm’s price target on Guidewire (GWRE) to $230 from $220 and keeps an Outperform rating on the shares. Guidewire reported annual recurring revenue above consensus estimates, driven by strong T-1 demand, the analyst tells investors in a research note. The firm still sees headroom to estimates with conversions, Direct Written Premium true-ups and cloud efficiency gains potential sources of upside.
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Read More on GWRE:
- Guidewire Software Reports Strong Q1 Fiscal 2025 Results
- Guidewire reports Q1 adjusted EPS 43c, consensus 30c
- Guidewire sees Q2 revenue $282M-$288M, consensus $279.32M
- Guidewire raises FY25 revenue view to $1.155B-$1.167B from $1.135B-$1.149B
- GWRE Upcoming Earnings Report: What to Expect?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
