BTIG analyst Matthew VanVliet maintains $Guidewire Software (GWRE.US)$ with a buy rating, and adjusts the target price from $165 to $195.
According to TipRanks data, the analyst has a success rate of 40.0% and a total average return of -7.1% 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 company is anticipated to share an update on its cloud transition at the upcoming investor event. Although this phase may necessitate a cautious approach in the short term, and possibly patience depending on one's investment timeline, it is viewed as a step towards the company securing a stronger leadership position in the market. A long-term optimistic outlook is held for the company, with a note of caution for short-term investors to be aware of possible volatility post-event.
The firm previewed its highly anticipated upcoming Investor Day and mentioned that while elevated expectations carry the risk of a 'sell-the-news' response, there remains potential for the stock to continue to perform well should certain positive developments occur.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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