Deutsche Bank Starts Guidewire (GWRE) at Buy; Next Generation P&C Software Leader

Deutsche Bank initiates coverage on Guidewire (NYSE: GWRE) with a Buy. PT $30.00.

Deutsche analyst says, "Guidewire is the market leader in core systems software for the P&C insurance industry. Their software address over 90% of the typical activities of a P&C firm, including policy, claims and billing. GWRE systems replace aging, custom-built mainframe solutions with a modern web-based architecture that is flexible, scalable and far easier to maintain. With over 100 of the top 1000 P&C carriers already customers and growth rates over 40% in recent years, we see abundant room for GWRE's growth."

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 $22.95 yesterday.

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