Guidewire price target raised to $130 from $117 at Baird

Baird raised the firm’s price target on Guidewire to $130 from $117 and keeps an Outperform rating on the shares. The firm said they posted a modest but beat but views it as good start to the year, and continue to like the stock into 2024, particularly as cloud momentum improves and significant FCF/share growth comes through.