Oppenheimer raised the firm’s price target on Guidewire to $200 from $185 and keeps an Outperform rating on the shares. Heading into investor day on October 10, the firm expects management to formalize the timeline for its $1.5B annual recurring revenue and 29%-32% operating cash flow margin targets. The analyst cites elevated confidence in Guidewire’s long-term trajectory for the target increase.
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