Stifel analyst Tom Roderick said Guidewire "delivered a stellar quarter" driven by improved Cloud sales performance and overall operating efficiency gains "just when the investment community seemed to be getting impatient with the Guidewire Cloud transition." While he believes the fact that management doubled down on the pipeline of Cloud opportunities while also closing a deal that had previously slipped a few quarters ought to be encouraging, Roderick keeps a Hold rating on Guidewire shares, citing valuation. He raised his price target on Guidewire to $100 from $95.