KeyBanc Reiterates Overweight on Guidewire Software (GWRE) After Meeting with Management

KeyBanc analyst, Monika Garg, reiterated an Overweight rating and $108.00 price target on Guidewire Software (NYSE: GWRE) after meeting with management. Garg came away with a better view of the dynamics leading to the longer-than-expected cloud engagements. Despite this, cloud customer interest remains high, and Garg believes the Company's five-year targets remain intact.

Despite the early deal slippage, Guidewire remains confident in its five-year target model. The Company is currently expecting a more gradual ramp in its cloud business.

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 $82.80 yesterday.

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