Guidewire Software rises as DA Davidson raises PT on cloud transition

Guidewire Software

11/09/2023 14:22

** Shares of software products provider Guidewire Software
 GWRE.N  up 1% at $95 premarket 
    ** Brokerage DA Davidson raises PT to $110 from $94,
maintains "buy" rating 
    ** Cites co's progress in developing its cloud platform
    ** Co reported Q4 revenue above analysts' estimates - LSEG
data 
    ** 9 of 14 brokerages rate the stock "buy" or higher, 4
"hold" and 1 "sell"; their median PT is $96 - LSEG data
    ** Up to last close, stock had risen 50% YTD

 (Reporting by Zaheer Kachwala in Bengaluru)
 ((Zaheer.Kachwala@thomsonreuters.com))