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Investing.com - Goldman Sachs has reiterated its Buy rating and $305.00 price target on Guidewire (NYSE:GWRE), currently trading at $250.25 with a market capitalization of $21.15 billion, ahead of the company’s upcoming Analyst Day.
The Analyst Day is scheduled for October 29 during Guidewire’s annual Connections conference in Las Vegas, Nevada.
Goldman Sachs expects management to showcase Guidewire’s expansion opportunity within existing insurance customers, specifically the adoption of the full InsuranceSuite, and provide more details on the next growth phase including data, AI, underwriting, and pricing.
The firm views the Analyst Day as an opportunity for Guidewire to give investors greater confidence in the sustainability of mid-to-high teens percentage ARR growth through at least FY28 and a path to $6 in FCF per share in the near term.
Goldman Sachs maintains its Buy rating following Guidewire’s record FY25 performance across cloud metrics and ahead-of-schedule margin improvement, which the firm considers critical to multiple expansion and share outperformance.
In other recent news, Guidewire has been in the spotlight with several significant developments. DA Davidson raised its price target for Guidewire to $250, maintaining a Neutral rating, after the company’s fiscal fourth-quarter results surpassed expectations in revenue, annual recurring revenue (ARR), and non-GAAP operating income. Meanwhile, Oppenheimer reaffirmed its Outperform rating, expressing increased confidence in Guidewire’s growth projections, which have been revised from mid-teens to upper teens. Goldman Sachs also reiterated its Buy rating, citing growth opportunities as a significant number of customers transition from on-premise to cloud-based solutions.
Additionally, Stifel maintained its Buy rating and a $300 price target ahead of Guidewire’s annual Connections conference, where key business strategies will be discussed. Guidewire is also expanding its global presence by eliminating fees for e-learning courses and planning to broaden its Marketplace Summit to North America, Europe, and Asia-Pacific by 2026. These initiatives aim to enhance the company’s partner ecosystem and address challenges in the insurance industry.
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