Goldman Sachs analyst Kevin Kumar initiated coverage of Guidewire with a Buy rating and $88 price target. The analyst likes the company’s "dominant positioning" within the property and casualty software market and the "significant enhancements" made to its cloud platform. The latter is catalyzing more adoption and improving gross margins, the firm tells investors in a research note.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on GWRE:
- Guidewire, Assurant partner to streamline insurance processes
- Citi opens ‘positive catalyst watch,’ names top picks in application software
- Guidewire price target lowered to $90 from $105 at BTIG
- Guidewire price target lowered to $67 from $79 at Citi
- Guidewire price target lowered to $55 from $60 at Wells Fargo