Guidewire (GWRE) PT Raised to $110 at Goldman Sachs

Goldman Sachs analyst Jesse Hulsing raised the price target on Guidewire (NYSE: GWRE) to $110.00 (from $105.00) while maintaining a Buy rating following the company's 4Q earnings report. Results were above consensus for all top-line metrics, with operating margin slightly below due to a one-time $7mn charge.

Management guided FY19E revenue to $740.5-752.5mn vs. prior guide of “slightly lower than FY18 expected growth of 26-27%” and FactSet consensus of $779.5mn. License revenue was guided to $365-377mn vs prior guide of “growth modestly faster than FY18 growth of 13-15%” and consensus of $365.6mn.

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