Stifel raised the firm’s price target on Guidewire to $95 from $85 and keeps a Buy rating on the shares after the company closed out its fiscal year by reporting “strong results across the board.” Margin gains from its cloud transition are “beginning to materialize earlier than expected,” which is setting the company up to hit the high-end of its FY25 margin targets, says the analyst, who adds that subscription revenue guidance above the firm’s expectations “signals the cloud story remains alive and well moving into FY24.”
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