RBC Capital analysts provided their views on Guidewire Software, Inc.(NYSE:GWRE) Analyst Day, noting they feel more comfortable on the company’s long-term growth and margin path.
The analysts’ key highlights include (1) the path to gross margin expansion looks clearer, (2) Fiscal 2025 targets were updated, reflecting recent macro-related headwinds (fewer ramped deals, some cloud migration delays), and (3) the migration opportunity remains attractive with over 200 on-prem customers likely to migrate over next several years. The analysts maintained their outperform rating and $100 price target on the company.