Market Overview

UPDATE: Deutsche Bank Raises PT on Guidewire Software Following Solid Beat

Related GWRE
Earnings Scheduled For November 29, 2017
From Autodesk To Synopsys, Your Guide To This Week's Software Earnings
Stocks With Rising Relative Strength: Guidewire Software (Investor's Business Daily)

In a report published Wednesday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on Guidewire Software (NYSE: GWRE), and raised the price target from $41.00 to $50.00.

In the report, Deutsche Bank noted, “Solid beat heading into FY13 home stretch - Guidewire beat estimates handily, reporting revenue/EPS of $68.3m/$0.04 vs. our $63.5m/$0.02 and consensus of $63.6m/$0.02. TTM recurring revenue was up 34% y/y. The top-line beat came from outperformance of $1.5m on our perpetual license estimate and $3m on services, the latter a fairly reliable leading indicator to future license revenue. While still early to guide for FY14 (July), management appears comfortable with revenue consensus of $345m, 16% y/y growth, leaving room to raise on the 4Q13 call. We reiterate our Buy on strong pipeline of new business, raising our PT to $50 from $41.”

Guidewire Software closed on Tuesday at $40.79.

Latest Ratings for GWRE

Sep 2017Bank of AmericaMaintainsNeutral
Jun 2017JP MorganInitiates Coverage OnOverweightOverweight
Jun 2017JefferiesUpgradesNeutralOverweight

View More Analyst Ratings for GWRE
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings


Related Articles (GWRE)

View Comments and Join the Discussion!

Partner Center