JPMorgan analyst Alexei Gogolev initiated coverage of Guidewire with an Overweight rating and $78 price target. The analyst favors Guidewire in the property and casualty insurance software space given its "more pronounced cloud market share gains, significant scale, greater stock liquidity, and generous shareholder remuneration." He views the insurance vertical as one of the most attractive sub-segments in the software sector.
Published first on TheFly
