GWRE - Guidewire's Cloud Transition Pays Off Early: Analyst Raises Price Target Amid Margin Gains | Benzinga
Stifel analyst J. Parker Lane reiterated a Buy rating on Guidewire Software, Inc. (NYSE: GWRE), raising the price target to $95 from $85.
GWRE reported better-than-expected fourth-quarter earnings but issued soft revenue guidance.
Lane notes that the company beat across the board for 4Q, with margin gains from its cloud transition beginning to materialize earlier than expected, setting the company up to hit the high end of its FY25 margin targets.
Volatility in the after-markets ensued after missing top-line guidance, the analyst adds. The miss ...