New York, October 6 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities reiterate their BUY rating on the shares of Guidewire Software, Inc (NYSE: GWRE). The 12-month target price is set to $38.
In a research note published on October 4, the analysts mention that at their new headquarter in Foster City, CA, first analyst day was hosted by Guidewire Software. Furthermore, an excellent balance of merchandise, consumer and longer-term image for the company was actually the main agenda at this well-attended event, wherein gathering of people was more than 50.
In addition to this, reiterations of guidance for first quarter and FY13 provided at the earnings call of September 4 were done by Guidewire Software. Moreover, at the strength of the ecosystem and number of customers accepting the complete set, or policy as the initial module in opposition to claims in the past, coming away confident was preferred even though no most recent metrics were given there on bookings or backlog.
Also, over the next decade, ample prospects of development for the company are observed with merely about $200 billion (16 percent) of the existing $1.2 trillion in worldwide DWP supervised by at least one product module of Guidewire Software, the analysts add further.
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