Guidewire (GWRE) PT Raised to $246 at DA Davidson

DA Davidson analyst Peter Heckmann raised the price target on Guidewire (NYSE: GWRE) to $246.00 (from $226.00) while maintaining a Neutral rating.

The analyst comments "Guidewire reported strong fiscal 3Q results, with total revenue, ARR, and Non-GAAP operating income above our expectations. The company closed 17 cloud deals in the quarter (compared to 8 in 3Q24), including 5 new logos. With results, management incrementally raised their financial guidance for fiscal 2025 and we have raised our forecasts. We are maintaining our NEUTRAL rating on GWRE and raising our price target to $246 (from $226)."

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