Diamond Member Pelican Press 0 Posted January 23, 2025 Diamond Member Share Posted January 23, 2025 This is the hidden content, please Sign In or Sign Up Goldman Sachs is bullish on this little-known software company Guideware Software is at the forefront of the cloud modernization movement, and investors should scoop shares in the company, according to Goldman Sachs. Analyst Adam Hotchkiss initiated a buy rating and $210 price target on shares, which indicates upside of 14.4% from Wednesday’s close. The company provides insurance software and technology, including core products PolicyCenter, ClaimCenter, BillingCenter, InsuranceSuite and InsuranceNow. Guidewire has won more than 60% of core system decision deals, according to Hotchkiss, who sees the company continuing to outperform as insurers begin to modernize. “Guidewire’s leadership in the [property and casualty] insurance end-market and continued cloud migration momentum support a durable long-term growth opportunity,” Hotchkiss wrote in a note. Hotchkiss expects the company to reach growth in the mid-to-high teens level and eventually hitting a $15 billion total addressable market level. More positive catalysts include increasing pace of cloud demand and adoption across the P & C insurance industry, as well as more win rates across the international insurance market, per Hotchkiss. Over the past 12 months, shares have soared 72.6%. In 2025 alone, shares have jumped more than 16%. GWRE 1Y mountain GWRE in past year Analysts are generally bullish on Guidewire. Of the 14 who cover it, 11 have a buy or strong buy rating, according to LSEG. The average analyst price target also implies upside of 10%. This is the hidden content, please Sign In or Sign Up #Goldman #Sachs #bullish #littleknown #software #company This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up For verified travel tips and real support, visit: https://hopzone.eu/ 0 Quote Link to comment https://hopzone.eu/forums/topic/197495-goldman-sachs-is-bullish-on-this-little-known-software-company/ Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.