DA Davidson analyst Peter Heckmann raised the firm’s price target on Guidewire (GWRE) to $226 from $210 and keeps a Buy rating on the shares. Guidewire reported strong Q1 results and raised its FY25 guidance, the analyst tells investors in a research note. Over the next three years, the firm is forecasting 15%-16% compound annual growth in total revenue, with much more rapid growth in recurring Subscription revenue, and expects the company will continue to drive margins towards their long-term goals, and is forecasting 21% non-GAAP operating margins for FY27.
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