Stifel Assumes Guidewire (GWRE) at Hold

Stifel analyst Parker Lane assumes coverage on Guidewire (NYSE: GWRE) with a Hold rating and a price target of $110.00.

The analyst commented, "Guidewire has established itself as one of the leading providers of core system software for the global P&C (property and casualty) insurance industry, with over 400 insurers using the company's solutions. Since the arrival of CEO Mike Rosenbaum in the Fall of 2019, Guidewire has accelerated its cloud product development efforts and has built a solid partner ecosystem around the opportunity to capitalize on the heightened demand for cloud-based core systems. We believe Guidewire's existing customer base will present numerous opportunities for cloud migration in the future, and as the company's Cloud offering becomes more mature with each release, Guidewire is well positioned to serve as a trusted software partner to the P&C Insurance industry."

For an analyst ratings summary and ratings history on Guidewire click here. For more ratings news on Guidewire click here.

Shares of Guidewire closed at $108.80 yesterday.

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