Guidewire price target raised to $110 from $100 at JMP Securities

JMP Securities analyst Aaron Kimson raised the firm’s price target on Guidewire to $110 from $100 and keeps an Outperform rating on the shares. The firm’s customer checks indicate healthy cloud transition trends and positive competitive commentary, with one customer describing Guidewire as “the 800 pound gorilla” in the space, the analyst tells investors in a research note. JMP continues to like Guidewire as an opportunity for long-term capital appreciation.