Guidewire (GWRE) PT Raised to $95 at Deutsche Bank; Cloud Gathering Steam
Deutsche Bank raised its price target on Guidewire (NYSE: GWRE) to $95.00 (from $85.00) while maintaining a Buy rating following results.
Analyst Nandan Amladi notes the cloud transition is gathering steam. He said they remain buyers of Guidewire shares after the company handily beat 2Q18 estimates.
In addition, they expect GWRE shares could continue to command a higher multiple, even though the financial model is likely to remain a bit noisy for the next few quarter.