RBC Capital Starts Guidewire (GWRE) at Outperform

RBC Capital analyst Rishi Jaluria initiates coverage on Guidewire (NYSE: GWRE) with an Outperform rating and a price target of $125.00.

The analyst commented, "We see shares as attractive trading at 7.5x EV/CY23E revenue, in-line with vertical software peers, while our price target is based on a 10.6x multiple, which we see as justified by Guidewire’s market leadership, attractive vertical opportunity, and favorable financial model exiting the cloud transition."

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 $90.02 yesterday.

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