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Initiation
Duck Creek Technologies initiated with a Buy at DA Davidson » 08:12
09/08/20
09/08
08:12
09/08/20
08:12
DCT

Duck Creek Technologies

$36.70 /

-0.47 (-1.26%)

DA Davidson analyst Rishi…

DA Davidson analyst Rishi Jaluria initiated coverage of Duck Creek Technologies with a Buy rating and $43 price target. The analyst cites the company's market positioning, its "successful" SaaS transition, and its margin expansion opportunities. Jaluria further notes Duck Creek's "increasingly predictable model" given its recurring revenue of over 50% of the total. The analyst expects that level to increase to two-thirds of the total by FY23 as well as for the company to reach "healthy profitability" over the next several years.

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DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

09/08/20 Needham
Duck Creek Technologies initiated with a Buy at Needham
09/08/20 JPMorgan
Duck Creek Technologies initiated with a Neutral at JPMorgan
09/08/20 Raymond James
Duck Creek Technologies initiated with an Outperform at Raymond James
09/08/20 William Blair
Duck Creek Technologies initiated with an Outperform at William Blair
  • 14
    Aug
DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

Initiation
Duck Creek Technologies initiated with a Buy at Needham » 08:09
09/08/20
09/08
08:09
09/08/20
08:09
DCT

Duck Creek Technologies

$36.70 /

-0.47 (-1.26%)

Needham analyst Mayank…

Needham analyst Mayank Tandon initiated coverage of Duck Creek Technologies with a Buy rating and $47 price target. The analyst is positive on the company's "impressive" pace of subscription revenue growth, premium professional services margins, and potential for long-term margin expansion, which warrant its premium valuation. Tandon further cites Duck Creek's "strong" competitive positioning and accelerating revenue growth, adding that the P&C insurance industry is a large market that is in the early days of transitioning towards the cloud.

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DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

09/08/20 JPMorgan
Duck Creek Technologies initiated with a Neutral at JPMorgan
09/08/20 Raymond James
Duck Creek Technologies initiated with an Outperform at Raymond James
09/08/20 William Blair
Duck Creek Technologies initiated with an Outperform at William Blair
09/08/20 Barclays
Duck Creek Technologies initiated with an Equal Weight at Barclays
  • 14
    Aug
DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

Initiation
Duck Creek Technologies initiated with a Neutral at JPMorgan » 07:52
09/08/20
09/08
07:52
09/08/20
07:52
DCT

Duck Creek Technologies

$36.70 /

-0.47 (-1.26%)

JPMorgan analyst Sterling…

JPMorgan analyst Sterling Auty initiated coverage of Duck Creek Technologies with a Neutral rating and $43 price target. The stock's 36% rally since the initial public offering has positioned Duck at a valuation level at which investors will need to look for more attractive entry points, Auty tells investors in a research note.

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DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

09/08/20 Raymond James
Duck Creek Technologies initiated with an Outperform at Raymond James
09/08/20 William Blair
Duck Creek Technologies initiated with an Outperform at William Blair
09/08/20 Barclays
Duck Creek Technologies initiated with an Equal Weight at Barclays
09/08/20 Stifel
Duck Creek Technologies initiated with a Buy at Stifel
  • 14
    Aug
DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

Initiation
Duck Creek Technologies initiated with an Outperform at Raymond James » 07:35
09/08/20
09/08
07:35
09/08/20
07:35
DCT

Duck Creek Technologies

/

+

Raymond James analyst…

Raymond James analyst Brian Peterson initiated coverage of Duck Creek Technologies with an Outperform rating and $44 price target. While shares have jumped an impressive 39% relative to the IPO price and the group multiples remain at all-time highs, Peterson believes a combination of secular, industry specific, and product cycle tailwinds should drive shares higher.

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DCT Duck Creek Technologies
/

+

09/08/20 William Blair
Duck Creek Technologies initiated with an Outperform at William Blair
09/08/20 Barclays
Duck Creek Technologies initiated with an Equal Weight at Barclays
09/08/20 Stifel
Duck Creek Technologies initiated with a Buy at Stifel
09/08/20 BofA
Duck Creek Technologies initiated with a Buy at BofA
  • 14
    Aug
DCT Duck Creek Technologies
/

+

DCT Duck Creek Technologies
/

+

Initiation
Duck Creek Technologies initiated with an Outperform at William Blair » 07:12
09/08/20
09/08
07:12
09/08/20
07:12
DCT

Duck Creek Technologies

$36.70 /

-0.47 (-1.26%)

William Blair analyst…

William Blair analyst Bhavan Suri initiated coverage of Duck Creek Technologies with an Outperform rating. The analyst "conservatively" pegs Duck Creek's global property and casualty market opportunity at over $10B, indicating sub-1% penetration. Evolving policyholder expectations and rigidity created by legacy systems have accentuated the need for insurers to accelerate their modernization plans, Suri tells investors in a research note. Duck Creek appears well positioned to continue growing its market share and be a long-term winner in the space, says the analyst.

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DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

09/08/20 Barclays
Duck Creek Technologies initiated with an Equal Weight at Barclays
09/08/20 Stifel
Duck Creek Technologies initiated with a Buy at Stifel
09/08/20 BofA
Duck Creek Technologies initiated with a Buy at BofA
09/08/20 BofA
Duck Creek Technologies initiated with a Buy at BofA
  • 14
    Aug
DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

Initiation
Duck Creek Technologies initiated with an Equal Weight at Barclays » 06:48
09/08/20
09/08
06:48
09/08/20
06:48
DCT

Duck Creek Technologies

$36.70 /

-0.47 (-1.26%)

, GWRE

Guidewire

$115.70 /

-1.955 (-1.66%)

Barclays analyst Saket…

Barclays analyst Saket Kalia initiated coverage of Duck Creek Technologies (DCT) with an Equal Weight rating and $43 price target. The shares trade at a "healthy premium" to Guidewire (GWRE), which will be a focus long term for investors, Kalia tells investors in a research note. The analyst thinks this premium could narrow over time.

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GWRE Guidewire
$115.70 /

-1.955 (-1.66%)

DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

09/08/20 Stifel
Duck Creek Technologies initiated with a Buy at Stifel
09/08/20 BofA
Duck Creek Technologies initiated with a Buy at BofA
09/08/20 BofA
Duck Creek Technologies initiated with a Buy at BofA
09/08/20 JMP Securities
Duck Creek Technologies initiated with an Outperform at JMP Securities
GWRE Guidewire
$115.70 /

-1.955 (-1.66%)

09/03/20 JPMorgan
Guidewire price target raised to $140 from $126 at JPMorgan
09/03/20 DA Davidson
Guidewire price target raised to $144 from $135 at DA Davidson
09/03/20 Needham
Guidewire price target raised to $145 from $135 at Needham
09/03/20 BTIG
Guidewire price target raised to $140 from $130 at BTIG
GWRE Guidewire
$115.70 /

-1.955 (-1.66%)

  • 14
    Aug
GWRE Guidewire
$115.70 /

-1.955 (-1.66%)

DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

Initiation
Duck Creek Technologies initiated with a Buy at Stifel » 06:38
09/08/20
09/08
06:38
09/08/20
06:38
DCT

Duck Creek Technologies

$36.70 /

-0.47 (-1.26%)

Stifel analyst Tom…

Stifel analyst Tom Roderick initiated coverage of Duck Creek Technologies with a Buy rating and $50 price target. He sees now as the time for Property and Casualty Insurance carriers to embrace digital transformation and likes Duck Creek's "first-mover advantage" in cloud-based deployments, Roderick tells investors.

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DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

09/08/20 BofA
Duck Creek Technologies initiated with a Buy at BofA
09/08/20 BofA
Duck Creek Technologies initiated with a Buy at BofA
09/08/20 JMP Securities
Duck Creek Technologies initiated with an Outperform at JMP Securities
09/08/20 Needham
Duck Creek Technologies initiated with a Buy at Needham
  • 14
    Aug
DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

Initiation
Duck Creek Technologies initiated with a Buy at BofA » 06:34
09/08/20
09/08
06:34
09/08/20
06:34
DCT

Duck Creek Technologies

$36.70 /

-0.47 (-1.26%)

BofA analyst Brad Sills…

BofA analyst Brad Sills initiated coverage of Duck Creek Technologies with a Buy rating and $46 price target. The company is well-positioned to continue capturing market share in the $15B core insurance billings sector given its competitive advantages that include being a "first mover with a multi-tenant cloud offering", the breadth of its offering, and its installed base of 150 tier insurance carriers, the analyst tells investors in a research note.

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DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

09/08/20 BofA
Duck Creek Technologies initiated with a Buy at BofA
09/08/20 JMP Securities
Duck Creek Technologies initiated with an Outperform at JMP Securities
09/08/20 Needham
Duck Creek Technologies initiated with a Buy at Needham
09/08/20 Goldman Sachs
Duck Creek Technologies initiated with a Neutral at Goldman Sachs
  • 14
    Aug
DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

Initiation
Duck Creek Technologies initiated with a Buy at BofA » 06:07
09/08/20
09/08
06:07
09/08/20
06:07
DCT

Duck Creek Technologies

$36.70 /

-0.47 (-1.26%)

BofA initiated coverage…

BofA initiated coverage of Duck Creek Technologies with a Buy rating and $46 price target.

ShowHide Related Items >><<
DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

09/08/20 JMP Securities
Duck Creek Technologies initiated with an Outperform at JMP Securities
09/08/20 Needham
Duck Creek Technologies initiated with a Buy at Needham
09/08/20 Goldman Sachs
Duck Creek Technologies initiated with a Neutral at Goldman Sachs
  • 14
    Aug
DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

Initiation
Duck Creek Technologies initiated with an Outperform at JMP Securities » 06:06
09/08/20
09/08
06:06
09/08/20
06:06
DCT

Duck Creek Technologies

$36.70 /

-0.47 (-1.26%)

JMP Securities analyst…

JMP Securities analyst Patrick Walravens initiated coverage of Duck Creek Technologies with an Outperform rating and $44 price target. The analyst cites the company's "outstanding" management team with deep industry experience, its first-mover advantage with a "cloud strategy" in the P&C insurance vertical, and its "large opportunity" with about a $15B market globally. Walravens also believes that Duck Creek's revenue growth will accelerate from 9% in the last quarter to 13% in Q4 and to 18% in Q1.

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DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

09/08/20 Needham
Duck Creek Technologies initiated with a Buy at Needham
09/08/20 Goldman Sachs
Duck Creek Technologies initiated with a Neutral at Goldman Sachs
  • 14
    Aug
DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

DCT Duck Creek Technologies
$36.70 /

-0.47 (-1.26%)

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