Guidewire Software Eyes 18.4% Q4 Revenue Growth with $249.64 Price Target
Guidewire Software delivered $332.6 million in revenue last quarter, up 26.5% year-over-year, beating EBITDA forecasts but missing billings forecasts. Analysts expect Q4 revenue growth of 18.4% year-over-year and have set an average price target of $249.64 as shares trade at $151.57.
1. Last Quarter Financial Performance
Guidewire Software reported $332.6 million in revenue, up 26.5% year-over-year, beating EBITDA forecasts but missing billings forecasts.
2. Q4 Revenue Forecast
Revenue is expected to grow 18.4% year-over-year this quarter, down from a 20.2% increase in the same period last year, with estimates holding steady over the past month.
3. Peer Comparisons
Bentley Systems delivered 11.9% revenue growth and Alarm.com saw an 8% increase during the quarter, with Bentley’s shares rising over 12% and Alarm.com’s stock remaining flat.
4. Share Price and Analyst Outlook
Guidewire’s shares have climbed 9.1% over the past month and currently trade at $151.57, while the average analyst price target stands at $249.64, implying significant upside.