Guidewire price target raised to $200 from $179 at JMP Securities

JMP Securities raised the firm’s price target on Guidewire to $200 from $179 and keeps an Outperform rating on the shares following the company’s Analyst Day and ahead of the Q1 earnings report. The company maintained its FY25 guidance and long-term target operating framework, consistent with comments on the Q4 earnings call in September, and Guidewire continues to view M&A as a part of the go-forward story, the analyst tells investors in a research note. The firm believes that the company remains on pace to meet its long-term targets in FY28, at which point JMP anticipates the valuation will have meaningful free cash flow support.