Demandware Given New $85.00 Price Target at Canaccord Genuity (DWRE)
Research analysts at Canaccord Genuity lifted their target price on shares of Demandware (NASDAQ:DWRE) from $80.00 to $85.00 in a report released on Wednesday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 21.43% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets initiated coverage on shares of Demandware in a research note on Thursday, January 23rd. They set a “market perform” rating on the stock. Separately, analysts at Zacks upgraded shares of Demandware from a “neutral” rating to an “outperform” rating in a research note on Monday, January 20th. They now have a $73.70 price target on the stock. Finally, analysts at Goldman Sachs downgraded shares of Demandware from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $64.82.
Shares of Demandware (NASDAQ:DWRE) traded up 0.63% on Wednesday, hitting $70.44. The stock had a trading volume of 270,592 shares. Demandware has a 52 week low of $23.90 and a 52 week high of $73.53. The stock has a 50-day moving average of $65.43 and a 200-day moving average of $54.30. The company’s market cap is $2.183 billion.
Demandware (NASDAQ:DWRE) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $35.54 million for the quarter, compared to the consensus estimate of $33.24 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 35.0% on a year-over-year basis. Analysts expect that Demandware will post $-0.08 EPS for the current fiscal year.
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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