Baird analyst Joe Vruwink raised the firm’s price target on Guidewire to $96 from $80 and keeps a Neutral rating on the shares. The firm said their positive 4Q update included record sales activity, several marquee Tier 1 wins, and management signaling confidence in mid-term forecasts that entail meaningful inflection in FCF.
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Read More on GWRE:
- Guidewire Stock (NYSE:GWRE) Down Despite Better-Than-Expected Q4 Results
- Guidewire price target raised to $100 from $95 at Oppenheimer
- Guidewire reverses post-earnings decline, up 2% afterhours after call comments
- Guidewire says Q4 sales strength on track for $1B ARR
- Guidewire falls 6% to $80.00 after Q4 results, below-consensus guidance
