BTIG raised the firm’s price target on Guidewire to $135 from $110 and keeps a Buy rating on the shares. The company’s Q2 results topped expectations across all key metrics, leading its management to raise annual recurring revenue guidance, the analyst tells investors in a research note. Guidewire cloud prospects remain robust as the partner ecosystem grew to 24K consultants and those cloud certified increased 33% to 9K across over 200 partners, the firm added.
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