Baird raised the firm’s price target on Guidewire to $152 from $140 and keeps an Outperform rating on the shares. The firm said 3Q sales activity included accelerating migrations which is a key part of its bull thesis and strong Tier-1 activity. The full year 2024 outlook was raised, as they expect deal momentum to continue in Q4, likely with ramped contracts.
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Read More on GWRE:
- Guidewire price target raised to $140 from $130 at Oppenheimer
- Guidewire price target raised to $140 from $130 at Wells Fargo
- Guidewire price target raised to $145 from $133 at JPMorgan
- Guidewire raises FY24 revenue view to $968M-$976M, consensus $965.1M
- Guidewire sees Q4 revenue $279M-$287M, consensus $284.9M
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