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Fly News Breaks for December 5, 2018
GWRE
Dec 5, 2018 | 07:38 EDT
DA Davidson analyst Rishi Jaluria recommends using the recent selloff in shares of Guidewire Software as a buying opportunity. The analyst maintains a Buy rating on the shares with a $118 price target after Guidewire reported fiscal Q1 results. While the cloud commentary was disappointing, the company is making the right investments in its offerings, Jaluria tells investors in a research note. The analyst believes cloud "extends Guidewire's market leadership position and runway of growth, even if it takes longer than expected to see adoption, especially in a notoriously conservative industry."
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