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Demandware (NASDAQ:DWRE) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Monday, AR Network reports. The firm currently has a $73.70 price objective on the stock. Zacks‘ target price would indicate a potential upside of 4.15% from the stock’s previous close.

Shares of Demandware (NASDAQ:DWRE) traded up 0.03% during mid-day trading on Monday, hitting $70.76. 247,374 shares of the company’s stock traded hands. Demandware has a 52 week low of $23.90 and a 52 week high of $71.30. The stock has a 50-day moving average of $63.24 and a 200-day moving average of $51.9. The company’s market cap is $2.193 billion.

Demandware (NASDAQ:DWRE) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.07. The company had revenue of $24.50 million for the quarter, compared to the consensus estimate of $23.65 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was up 31.0% on a year-over-year basis. Analysts expect that Demandware will post $-0.23 EPS for the current fiscal year.

A number of other firms have also recently commented on DWRE. Analysts at Canaccord Genuity raised their price target on shares of Demandware from $70.00 to $80.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Demandware from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. Finally, analysts at Barclays initiated coverage on shares of Demandware in a research note to investors on Thursday, December 19th. They set an “overweight” rating and a $76.00 price target on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $61.24.

Demandware, Inc (NASDAQ:DWRE) 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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