Guidewire price target raised to $72 from $60 at Stifel
The Fly

Guidewire price target raised to $72 from $60 at Stifel

Stifel raised the firm’s price target on Guidewire to $72 from $60 and keeps a Hold rating on the shares following what the firm identifies as the company’s "second consecutive strong quarter of subscription revenue growth and gross margin expansion." The company appears poised to build on its margin trajectory as the transition to the cloud continues and the firm is "gaining confidence that margins are headed in the right direction" after subscription and support gross margins expanded to 57%, the analyst added.

Published first on TheFly

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