Baird Upgrades Guidewire Software to Outperform, Raises Price Target to $117
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Joe Vruwink has upgraded Guidewire Software (NYSE:GWRE) from Neutral to Outperform and increased the price target from $96 to $117, indicating a positive outlook on the company's future performance.
November 14, 2023 | 3:38 pm
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Guidewire Software's stock rating has been upgraded by Baird from Neutral to Outperform, with a raised price target from $96 to $117, suggesting a bullish stance on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved company performance or market conditions. The substantial increase in price target from $96 to $117 by Baird reflects a strong conviction in Guidewire Software's growth potential, which is likely to be viewed favorably by investors.
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IMPORTANCE 90
RELEVANCE 100