GWRE Price Prediction Next Week
Technical Analysis: Based on recent price action, GWRE has shown strong bullish momentum, with the stock forming higher highs and higher lows. The stock closed at $120.28 on Friday, showing resilience above the $118 support level.
News & Analyst Sentiment: Recent analyst coverage is overwhelmingly positive:
- 14 analysts coverage with 4 Bullish and 10 Somewhat Bullish ratings
- Average price target of $222.86, with a high of $240 and low of $210
- Multiple analysts including Goldman Sachs, JP Morgan, and RBC Capital have recently raised their price targets
Key Catalysts:
- Strong institutional interest with notable ETF inflows
- Received 81% rating from Validea's Multi-Factor Investor model, indicating strong fundamentals
- The company's low volatility characteristics make it attractive in the current market environment
Price Prediction for Next Week: Based on technical analysis and positive analyst sentiment:
- Support levels: $118.50, $116.50
- Resistance levels: $122.00, $124.50
- Target range: $121.50-$124.00
Trading Recommendation: BUY
- Entry point: Current market price ($120.28)
- Initial target: $124.00 (+3.1%)
- Stop loss: $116.50 (-3.1%)
- Risk/Reward ratio: 1:1
The strong analyst consensus and recent price momentum suggest continued upside potential. The stock is likely to test the $124 level next week if broader market conditions remain supportive.
GWRE Similar Chart Price Prediction
The price of GWRE is predicted to go up -13.19%, based on the high correlation periods with ALNT. The similarity of these two price pattern on the periods is 99.06%.
GWRE
ALNT
Down: -13.19%Similarity: 99.06%
GWRE Revenue Forecast
GWRE EPS Forecast
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GWRE VS S&P500
Guidewire is the clear leader seeking to modernize a large and underserved P&C insurance market that we believe is ripe for modernization.
Guidewire is investing in R&D and acquiring companies to add new solutions and features to its existing platform, as there is room to at least quadruple revenue within its existing clients.
Some friction is being removed from the sales process, as insurers are recognizing the need to modernize and the sales conversation is easier with as many live Tier 1 and 2 customers as Guidewire has.
GWRE Analyst's Forecast
Adam Hotchkiss
Goldman Sachs
Strong Buy
2025-01-23
Price Target
$210
Upside
+2.64%
Goldman Sachs initiated coverage of Guidewire with a Buy rating and $210 price target. The firm says Guidewire "is at the forefront" of an accelerating wave of cloud modernization in the property and casualty insurance industry, where it estimates the large majority of direct written premium globally is still being managed on legacy or on-premise systems. With Guidewire winning more than 60% of core system decision deals and as an industry leader in facilitating insurers' cloud transitions globally, the company is well positioned to benefit from expanding cloud referenceability, particularly with larger insurers, the analyst tells investors in a research note.
Ken Wong
Oppenheimer
Buy
2024-12-06
Price Target
$220 → $230
Upside
+29.53%
Michael Turrin
Wells Fargo
Buy
2024-12-06
Price Target
$215 → $220
Upside
+23.89%
