Piper Sandler initiated coverage on Guidewire Software Inc. (NYSE: GWRE) with an overweight rating. The firm set a price target of $210.00, representing a potential 22.8% upside from the previous closing price.
Analysts identified Guidewire as the leading vertical software provider for the property and casualty insurance industry. The company’s transition from on-premises systems to the cloud drives subscription revenue growth exceeding 30%.
Piper Sandler expects a substantial growth runway fueled by new customer acquisitions and cross-selling from recent product launches. The firm also noted that insurers increasingly rely on Guidewire to deliver AI-native outcomes.