Guidewire Software (GWRE) is positioned to outperform its software peers given its pricing models, strong product position, and relatively favorable end-market dynamics, Oppenheimer said in a Wednesday note.
The company faces limited direct impact from US tariffs and potential downstream risks appear unlikely, according to the investment firm. Anti-US sentiment presents a possible risk but has not yet materialized, Oppenheimer added.
Even with the current macro uncertainties, Guidewire continues to drive efficiency gains and expects new annual recurring revenue bookings, Oppenheimer noted. In addition, the Guidewire Cloud Platform and InsuranceSuite software are considered "mission-critical" to the insurance sector, Oppenheimer said.
Oppenheimer has an outperform rating on Guidewire, with a $230 price target.
Price: 172.00, Change: -0.73, Percent Change: -0.42
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