Raymond James last night initiated coverage of Guidewire Software with an Outperform rating and $125 price target. The shares offer a compelling long-term compounding opportunity, the analyst tells investors in a research note. The firm says that with 20 years serving the property and casually insurance industry, Guidewire “commands a notable market-leading position” as the insurance industry faces a need for mission-critical IT modernization. The firm likes the company’s market-leading solution portfolio and customer base with strong customer retention.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GWRE:
- Salesforce downgraded, Starbucks initiated: Wall Street’s top analyst calls
- Wells Fargo more bullish on Guidewire, upgrades to Overweight
- Guidewire upgraded to Overweight from Equal Weight at Wells Fargo
- Guidewire price target raised by $11 at BofA, here’s why
- Guidewire price target raised to $130 from $117 at Baird