Canaccord Genuity Gives Buy Rating to Demandware (DWRE)

By admin | 6 years ago

Demandware (NASDAQ: DWRE)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued to investors on Wednesday.

Several other analysts have also recently commented on the stock. Analysts at Citigroup (NYSE: C) initiated coverage on shares of Demandware in a research note to investors on Tuesday, April 24th. They set a “neutral” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Deutsche Bank (NYSE: DB) initiated coverage on shares of Demandware in a research note to investors on Tuesday, April 24th. They set a “buy” rating and a $37.00 price target on the stock. Finally, analysts at Goldman Sachs (NYSE: GS) initiated coverage on shares of Demandware in a research note to investors on Tuesday, April 24th. They set a “neutral” rating and a $30.00 price target on the stock.

Demandware opened at 28.60 on Wednesday. Demandware has a 52-week low of $23.31 and a 52-week high of $31.98. The company’s market cap is $232.5 million.

Demandware last posted its quarterly earnings results on Tuesday, May 8th. The company reported ($0.23) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.79) by $0.56. Demandware’s revenue was up 38.8% compared to the same quarter last year. Analysts expect that Demandware will post $-0.18 EPS next quarter.

Demandware, Inc. (Demandware) is a provider of software-as-a-service e-commerce solutions that enable companies to design, implement and manage their own customized e-commerce sites, including Websites, mobile applications and other digital storefronts.

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