Guidewire Software Analysts Raise Their Forecasts After Upbeat Q4 Earnings
Portfolio Pulse from Lisa Levin
Guidewire Software, Inc. (NYSE:GWRE) reported better-than-expected Q4 earnings, with adjusted earnings of 74 cents per share, beating market estimates of 38 cents per share. However, the company issued soft revenue guidance for Q1. Following the earnings announcement, analysts from Wells Fargo, Stifel, and JP Morgan raised their price targets on Guidewire Software.
September 08, 2023 | 3:07 pm
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Guidewire Software reported strong Q4 earnings, leading to raised price targets by Wells Fargo, Stifel, and JP Morgan. However, the company's soft Q1 revenue guidance may temper investor enthusiasm.
Guidewire Software's strong Q4 earnings beat market expectations, leading to a positive short-term impact on the stock. Analysts from Wells Fargo, Stifel, and JP Morgan raised their price targets, indicating increased confidence in the company's performance. However, the company's soft Q1 revenue guidance may cause some uncertainty among investors, potentially limiting the stock's short-term gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100