Guidewire Software (NYSE:GWRE) Has Just Had Its Target Price Heightened by Professional Analysts at JP Morgan to $66.00


Stock Analysis:Guidewire Software (NYSE:GWRE) Price Target Change

In an analyst note finalized by JP Morgan on Wednesday, 2 December, Guidewire Software (NYSE:GWRE) had its TP lifted to $66.00. The firm currently has a solid “Overweight” rating on shares.

From a total of 6 analysts covering Guidewire Software (NYSE:GWRE) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 78% of the ratings are positive. The highest target price is $70 while the lowest target price is $60. The mean of all analyst targets is $65.5 with a 7.85% above today’s ($60.27) stock price. Guidewire Software was the topic of 3 analyst reports since September 1, 2015 according to the firm StockzIntelligence Inc. Citigroup upgraded shares on October 30 to “Buy” rating.

Approximately 375,234 shares of stock traded hands or 12.01% up from the average. Guidewire Software Inc (NYSE:GWRE) has risen 17.05% since April 29, 2015 and is uptrending. It has outperformed by 17.25% the S&P500.

Guidewire Software, Inc. is a provider of software products for property and casualty insurers. The company has a market cap of $4.31 billion. The Company’s software serves as a technology platform for P&C insurance carriers. It has 507.96 P/E ratio. The Company’s platform consists of three products: core transaction processing, data management and analytics, and digital engagement.

According to Zacks Investment Research, “Guidewire Software Inc. provides core systems to the insurance industry. Its core system suite spans the entire property/casualty insurance lifecycle like underwriting, policy administration, billing, claims, and reinsurance management. Guidewire Software Inc. is headquartered in San Mateo, California.” Get a free copy of the Zacks research report on Guidewire Software Inc (GWRE).