Guidewire price target raised to $115 from $100 at Oppenheimer

Oppenheimer raised the firm’s price target on Guidewire to $115 from $100 and keeps an Outperform rating on the shares. Guidewire saw strength across KPIs highlighted by S&S gross margins, cloud momentum, and ARR, the analyst tells investors in a research note. The firm is encouraged by Guidewire’s execution against margin targets and solid sales activity despite the difficult but easing macro environment for insurance carriers.