These Analysts Boost Their Forecasts On Guidewire Software Following Upbeat Q3 Results

Core Insights - Guidewire Software, Inc. reported better-than-expected third-quarter financial results, with earnings of 88 cents per share, surpassing the analyst consensus estimate of 47 cents per share [1] - The company achieved quarterly sales of $293.51 million, exceeding the analyst consensus estimate of $286.39 million [1] Financial Performance - The third-quarter results were highlighted by record sales activity and 17 cloud deals [2] - Following the earnings announcement, Guidewire Software shares increased by 19.1% to $259.83 [2] Analyst Ratings and Price Targets - JMP Securities analyst Aaron Kimson maintained a Market Outperform rating and raised the price target from $250 to $281 [8] - Wells Fargo analyst Michael Turrin maintained an Overweight rating and increased the price target from $220 to $265 [8] - B of A Securities analyst Brad Sills maintained an Underperform rating and raised the price target from $135 to $160 [8] - RBC Capital analyst Rishi Jaluria maintained an Outperform rating and increased the price target from $230 to $290 [8] - Oppenheimer analyst Ken Wong maintained an Outperform rating and raised the price target from $230 to $275 [8] - JP Morgan analyst Alexei Gogolev maintained an Overweight rating and increased the price target from $231 to $271 [8] - Raymond James analyst Alexander Sklar maintained an Outperform rating and raised the price target from $225 to $255 [8]