J.P. Morgan analyst Alexei Gogolev maintains $Guidewire Software (GWRE.US)$ with a buy rating, and adjusts the target price from $170 to $210.
According to TipRanks data, the analyst has a success rate of 60.4% and a total average return of 14.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Guidewire Software (GWRE.US)$'s main analysts recently are as follows:
The insurance sector has shown resilience in the past year, with increased premiums progressively benefiting insurance software providers. These providers have experienced an uptick in their budgets due to this trend. Industry and company-specific factors are likely to bolster Guidewire as it enters its next fiscal year. The company is poised to achieve mid-to-high teens growth, driven by the momentum from its cloud transition and gains in market share.
In anticipation of the investor day on October 10, there is an expectation that management will establish a formal timeline for achieving its annual recurring revenue of $1.5B and operating cash flow margins of 29%-32%. The elevated confidence in Guidewire's long-term trajectory is cited for the positive outlook.
The firm posits that Guidewire's Analyst Day should provide clarity on the primary factors behind the company's recent progress, its trajectory towards achieving its goals, and the enduring margin capabilities of the business. This comes ahead of a potential renewed interest from investors. The firm also anticipates that the stock may experience a pause in its rally following the event.
Note:
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