贝尔德表示，Guidewire可能会在2025年和2026年看到ARR上升

2024-09-18 01:52

Guidewire Software (NYSE:GWRE) could see upside to its annual recurring revenue in fiscal 2025 and 2026, investment firm Baird said on Tuesday.
Shares fell 0.3% in midday trading.
"On the case for ARR upside, Guidewire is benefitting from a cloud product cycle gathering momentum, while serving an end market that is comparatively healthy," analyst Joe Vruwink wrote in an investor note. Vruwink maintained his Outperform rating and $175 price target on the stock.
In addition, Guidewire's cloud platform has seen a number of favorable responses from customers, which resulted in customers making the decision to move to its cloud, winning new customers and expanded usage. "Per our math, ending fully-ramped ARR suggests 30%+ YoY growth in new cloud sales," Vruwink explained.
"While investors seem to better appreciate the DWP backdrop, more unheralded (in our experience) is the improving profitability within P&C insurance after a period of elevated expenses and loss ratios," Vruwink posited. "High ROEs warrant strategies that serve to grow book value, and such an environment may presage better investment in digital/cloud strategies."

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