Guidewire Analysts Remain Divided Over Its Cloud Business Prospects Amid Uncertain Macros

Semangat Membara

Wells Fargo analyst Michael Turrin maintained Guidewire Software Inc (NYSE: GWRE) with an Underweight and lowered the price target from $60 to $55. Guidewire’s seasonally light Q1 results were primarily in-line and modestly above Turrin’s estimates with $5 million better-than-expected ARR, $3 million better-than-expected revenue, and operating income of ~$7 million above the analyst’s estimate. […]