Guidewire price target raised to $250 from $231 at Citizens JMP

Citizens JMP raised the firm’s price target on Guidewire (GWRE) to $250 from $231 and keeps an Outperform rating on the shares. Guidewire reported “generally strong” Q2 results and “generally good” guidance for Q3 and fiscal 2025, the analyst tells investors in a research note. The firm continues to like Guidewire and believes it warrants a premium valuation, and sees an opportunity to push north of 50% market share over time vs. 23% in fiscal 2024.