DA Davidson raised the firm’s price target on Guidewire (GWRE) to $246 from $226 and keeps a Neutral rating on the shares. The company reported “strong” Q3 results with total revenue and operating income topping expectations, the analyst tells investors in a research note. Guidewire also continued to make notable progress on margins in Q3, with non-GAAP gross margins expanding 280bps to 65.4%, the firm added.
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