Citi Trims PT on Guidewire Software (GWRE) to $137 Amid Valuation Concerns in Software Sector

Earlier last month, the investment firm had also trimmed its price target on Guidewire Software, Inc. (NYSE:GWRE) from $245 to $178. This came despite the company's strong performance in the latest quarter, which showed a modest acceleration in ARR growth. However, the software group's weakness prompted the firm to reduce its price target. For similar reasons, RBC Capital also trimmed its price target from $300 to $250 following the company's Q2 results, while it maintained its "Outperform" rating on the st ...

Citi Trims PT on Guidewire Software (GWRE) to $137 Amid Valuation Concerns in Software Sector - Reportify