Guidewire price target raised to $100 from $95 at Stifel

Stifel analyst J. Parker Lane raised the firm’s price target on Guidewire to $100 from $95 and keeps a Buy rating on the shares after management held an analyst day to provide an update on the company’s cloud momentum, strategy, and long-term targets in concert with hosting its annual Connections conference. The firm believes Guidewire “sits in front of a multiyear growth opportunity” and believes the company can start to drive improved margins and cash flows as more customers go live on the Cloud platform, the analyst tells investors.