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Fly News Breaks for March 8, 2018
GWRE
Mar 8, 2018 | 06:57 EDT
DA Davidson analyst Rishi Jaluria raised his price target on Guidewire to $100 its Q2 results showed that "demand for subscription is accelerating" along with some interest in the company's cloud-based core solutions from both smaller insurers as well as Tier 1 insurers. Jaluria adds that the below-consensus outlook for Q3 was impacted by some "moving parts" such as the timing of payments. The analyst keeps his Buy rating on Guidewire Software.
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